FIVE-YEAR REVIEW

2015 IN PERSPECTIVE

  30 June
2015(2)
R000
  30 June
2014(2)
R000
  30 June
2013(1)
R000
  31 December
2012(2)
R000
  31 December
2011(2)
R000
 
REVENUE
2 703 034   2 514 779   1 099 489   2 177 625   1 583 157  
   Investment property income
2 642 949   2 432 459   1 008 671   2 016 184   1 350 937  
    Straight-line rental income accrual
60 085   45 055   15 879   9 208   100 214  
   Listed property securities income
    37 265   74 939   152 233   132 006  
Property expenses
(887 918)   (837 822)   (347 277)   (714 284)   (511 681)  
Net property income
1 815 116   1 676 957   752 212   1 463 341   1 071 476  
Other operating expenses
(64 611)   (82 480)   (27 729)   (53 885)   (43 855)  
Net interest
(351 647)   (394 721)   (191 723)   (404 827)   (208 325)  
   Received
157 344   65 645   17 234   22 180   31 416  
   Paid
(508 991)   (460 366)   (208 957)   (427 007)   (239 741)  
Net operating income
1 398 858   1 199 756   532 760   1 004 629   819 296  
Change in fair value
2 426 584   1 532 852   1 403 721   1 273 905   335 646  
   Investment property
2 467 113   1 655 897   1 198 105   1 137 924   236 654  
   Straight-line rental income accrual
(60 085)   (45 055)   (15 879)   (9 208)   (100 214)  
    Listed property securities (on disposal)
    (82 266)   (2 842)   315 259   258 716  
   Derivative instruments
19 556   4 276   224 337   (170 070)   (59 510)  
(Loss)/profit on disposal
(5 768)   190 760   28 061   (15 221)   (9 835)  
   Investment in subsidiary
(30 011)                  
   Investment property
24 243   4 460   90   (11 886)   (6 129)  
   Listed property securities
    168 869   27 971   (3 335)   (3 706)  
   Associate
    17 431              
Amortisation of debenture premium
    102 806   49 119   487 925   231 354  
Impairment of goodwill
(4 280)   (7 779)           (547 654)  
Gain on bargain purchase (African Land)
    102 895              
Non-core income
        1 009       4 555  
Income before debenture interest
3 815 394   3 121 290   2 014 670   2 751 238   833 362  
Debenture interest
    (1 147 443)   (517 831)   (994 333)   (741 703)  
Net income before equity-accounted investments
3 815 394   1 973 847   1 496 839   1 756 905   91 659  
Share of loss from joint ventures
(17 447)                  
Share of income from associate
652   462   4 262   144   9 949  
Profit before taxation
3 798 599   1 974 309   1 501 101   1 757 049   101 608  
Taxation
(19 023)   (17 719)   2 239 008   (753 169)   (185 639)  
Profit/(loss) for the year/period
3 779 576   1 956 590   3 740 109   1 003 880   (84 031)  
Non-controlling interest
    (8 103)              
Total profit/(loss) for the year/period attributable to                    
shareholders (2011 to 2014: unitholders) of the company
3 779 576   1 948 487   3 740 109   1 003 880   (84 031)  
Investment property at fair value
25 000 630(3)   22 230 404(3)   18 655 496   17 480 030   17 271 864  
Distribution per share (2011 to 2014: combined unit) (cents)
543   472   213   409   383  
(1) Six months
(2) Twelve months
(3) Excludes investment property held for sale

 
REGISTERED OFFICE AND BUSINESS ADDRESS

Registration number: 1987/005284/06
2nd Floor, Cradock Heights, 21 Cradock
Avenue, Rosebank, 2196
PO Box 52509, Saxonwold, 2132
Tel: +27 11 447 0090
Fax: +27 11 447 0092
Website: www.hyprop.co.za

  INTERACTIVE CHARTING

The interactive graph tool allows you to compare data for various elements over the last 5 years. You are able to choose data from the "Five year financial review tables.





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