NOTES TO THE FINANCIAL STATEMENTS – NOTE 17 17. Debentures and debenture premium Non-distributable reserves                   GROUP June 2015 R000   GROUP June 2014 R000   COMPANY June 2015 R000   COMPANY June 2014 R000   Issued                 Nil (2014: 243 256 092) unsecured unsubordinated variable rate debentures of 493 cents each     1 199 253       1 199 253   Premium on debentures     4 519 866       4 530 934   Upon issue of combined units     5 787 082       5 787 082   Debentures included in treasury shares     (11 068)           Debenture premium amortised     (1 256 148)       (1 256 148)         5 719 119       5 730 187   Movement for the year                 Balance at 1 July 5 719 119   5 822 497   5 730 187   5 822 497   Capital restructure (5 719 119)       (5 730 187)       New issue of combined units     10 496       10 496   Transferred to treasury shares     (11 068)           Current period premium amortisation     (102 806)       (102 806)   Balance at end of year     5 719 119       5 730 187   On 18 August 2014 the capital of the company was restructured to convert the debentures and debenture premium to stated capital. Refer to note 14.