Five-year review
at 30 June
| June 2018 R000 |
June 2017 R000 |
June 2016 R000 |
June 2015 R000 |
June 2014 R000 |
||||||
Revenue |
3 113 713 | 3 167 649 | 3 078 221 | 2 703 034 | 2 514 779 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Investment property income |
3 117 560 | 3 128 062 | 2 976 420 | 2 642 949 | 2 432 459 | |||||
Straight-line rental income accrual |
(3 847) | 39 587 | 101 801 | 60 085 | 45 055 | |||||
Listed property securities income |
37 265 | |||||||||
Property expenses |
(1 049 892) | (1 073 877) | (993 861) | (887 918) | (837 822) | |||||
Net property income |
2 063 821 | 2 093 772 | 2 084 360 | 1 815 116 | 1 676 957 | |||||
Other operating expenses |
(55 778) | (78 232) | (76 593) | (64 611) | (82 480) | |||||
Net interest |
(282 273) | (336 502) | (366 176) | (351 647) | (394 721) | |||||
Received |
312 550 | 294 177 | 323 759 | 157 344 | 65 645 | |||||
Paid
| (594 823) | (630 679) | (689 935) | (508 991) | (460 366) | |||||
Net operating income |
1 725 770 | 1 679 038 | 1 641 591 | 1 398 858 | 1 199 756 | |||||
Change in fair value |
767 052 | 973 270 | 1 227 151 | 2 426 584 | 1 532 852 | |||||
Investment property |
646 359 | 1 181 786 | 1 382 134 | 2 467 113 | 1 655 897 | |||||
Straight-line rental income accrual |
3 847 | (39 587) | (101 801) | (60 085) | (45 055) | |||||
Financial guarantee |
87 761 | (163 855) | ||||||||
Listed property securities (on disposal) |
(82 266) | |||||||||
Derivative instruments |
29 085 | (5 074) | (53 182) | 19 556 | 4 276 | |||||
Profit/(loss) on disposal |
2 697 | (526) | (5 768) | 190 760 | ||||||
Investment in subsidiary |
(2 557) | (30 011) | ||||||||
Investment property |
2 697 | 2 031 | 24 243 | 4 460 | ||||||
Listed property securities |
168 869 | |||||||||
Associate |
17 431 | |||||||||
Amortisation of debenture premium |
102 806 | |||||||||
Derecognition of financial guarantee |
11 984 | |||||||||
Impairment of shareholder loan |
(166 441) | (25 377) | ||||||||
(Impairment)/reversal of impairment of joint venture |
(10 102) | 10 102 | (10 102) | |||||||
Impairment of goodwill |
(18 134) | (4 280) | (7 779) | |||||||
Gain on bargain purchase (African Land) |
102 895 | |||||||||
Dividends received |
182 778 | 146 350 | ||||||||
Other income |
46 672 | 36 931 | ||||||||
Income before debenture interest |
2 560 410 | 2 801 654 | 2 858 640 | 3 815 395 | 2 915 589 | |||||
Debenture interest |
(1 147 443) | |||||||||
Net income before equity-accounted investments |
2 560 410 | 2 801 654 | 2 858 640 | 3 798 599 | 1 973 847 | |||||
Share of loss from joint ventures |
(50 380) | (41 007) | (17 447) | |||||||
Share of income from associate |
457 | 652 | 462 | |||||||
Profit before taxation |
2 560 410 | 2 751 274 | 2 818 090 | 3 798 599 | 1 974 309 | |||||
Taxation |
(39 486) | (4 340) | (50 930) | (19 023) | (17 719) | |||||
Profit for the year |
2 520 924 | 2 746 934 | 2 767 160 | 3 779 576 | 1 956 590 | |||||
Non-controlling interest |
8 543 | 20 718 | (16 313) | (8 103) | ||||||
Total profit for the year attributable to shareholders (2014: unitholders) of the company |
2 529 467 | 2 767 652 | 2 750 847 | 3 779 576 | 1 948 487 | |||||
Investment property at fair value(1) |
30 849 201 | 29 825 333 | 28 822 197 | 25 000 630 | 22 230 404 | |||||
Distribution per share (2014: combined unit) (cents) |
757 | 695 | 620 | 543 | 472 |
(1) Excludes investment property held-for-sale