Multichoice - Summarised consolidated financial results for the year ended 31 March 2019

for the year ended 31 March

	2019 R’m	2018 R’m
(Loss)/profit for the year	(1 276)	2 538
Total other comprehensive income, net of tax, for the year:	(5 365)	4 147
Exchange (loss)/gain arising on translation of foreign operations^1*	(6 181)	4 607
Fair-value gains/(losses) on investments held at fair value	50	(47)
Net movement in hedging reserve^*	1 326	(565)
Net tax effect of movements in hedging reserve^*	(560)	152

Total comprehensive (loss)/income for the year	(6 641)	6 685
Attributable to:
Equity holders of the group	(6 722)	5 077
Non-controlling interests	81	1 608
	(6 641)	6 685

⁽¹⁾	Relates to translation of foreign currency Rest of Africa and Technology businesses. The movement relates mainly to the net liability position of these businesses and the rand depreciation from a closing rate of R11.84 in FY2018 to R14.50 in FY2019. This movement is recognised in other reserves on the summarised consolidated statement of changes in equity.
^*	These components of other comprehensive income may subsequently be reclassified to the summarised consolidated income statement during future reporting periods.