Consolidated statement of profit or loss and other comprehensive income

for the year ended 30 June

	Note		2018 R000		2017 R000
Revenue			3 113 713		3 167 649
Investment property income			3 117 560		3 128 062
Straight-line rental income accrual			(3 847)		39 587
Property expenses	23		(1 049 892)		(1 073 877)
Net property income			2 063 821		2 093 772
Other operating expenses			(55 778)		(78 232)
Operating income	23		2 008 043		2 015 540
Net interest			(282 273)		(336 502)
Earned	21		312 550		294 177
Incurred	22		(594 823)		(630 679)
Net operating income			1 725 770		1 679 038
Other income	8.1		46 671		36 931
Dividends received	29.4		182 778		146 350
Change in fair value			767 052		973 270
Investment property	2.2		646 359		1 181 786
Straight-line rental income accrual	2.2		3 847		(39 587)
Financial asset	7.2		87 761		(163 855)
Derivative instruments	18		29 085		(5 074)
Profit/(loss) on disposal			2 697		(526)
Investment property			2 697		2 031
Subsidiary					(2 557)
Derecognition of financial guarantee	8.2		11 984
Impairment of loans from joint ventures	10		(166 441)		(25 377)
(Impairment)/reversal of impairment of joint venture	6.2		(10 102)		10 102
Impairment of goodwill					(18 134)
Net income before equity-accounted investments			2 560 409		2 801 654
Share of loss from joint ventures	6.2				(50 380)
Profit before taxation			2 560 409		2 751 274
Taxation	26		(39 486)		(4 340)
Current taxation			(4 381)		(2 714)
Deferred taxation			(35 105)		(1 626)
Profit for the year			2 520 923		2 746 934
Other comprehensive income:
Items that may be reclassified subsequently to profit or loss (net of tax)	16		15 471		(27 623)
Exchange differences on translation of foreign operations			10 907		(12 380)
Exchange differences on translation of foreign operations: Non-controlling interest	16		4 564		(15 243)
Total comprehensive income for the year			2 536 394		2 719 311
Total profit for the year attributable to shareholders of the company			2 529 466		2 767 652
Non-controlling interest			(8 543)		(20 718)
Profit for the year			2 520 923		2 746 934
Total comprehensive income for the year attributable to shareholders of the company			2 540 374		2 755 272
Non-controlling interests	4.1		(3 980)		(35 961)
Total comprehensive income for the year			2 536 394		2 719 311
Basic earnings per share (cents)	28		1 015,8		1 118,5
Diluted earnings per share (cents)	28		1 015,0		1 110,8