| |
| |
Note |
|
2017
R000 |
|
| Assets and liabilities of disposal group held-for-sale |
|
|
|
|
|
|
| Assets |
|
|
199 257 |
|
426 681 |
|
| Investment property |
2.1 |
|
194 665 |
|
415 182 |
|
| Building appurtenances and tenant installations |
|
|
3 335 |
|
3 616 |
|
| Trade and other receivables |
|
|
1 101 |
|
6 324 |
|
| Cash and cash equivalents |
|
|
156 |
|
1 559 |
|
| Liabilities |
|
|
(8 157) |
|
(13 074) |
|
| Trade and other payables |
|
|
(8 157) |
|
(13 074) |
|
|
|
|
|
|
|
|
| Net classified as held-for-sale |
|
|
191 100 |
|
413 607 |
|
| Movement in assets held-for-sale |
|
|
|
|
|
|
| Investment property, building appurtenances and tenant installations |
|
|
|
|
|
|
| Opening balance |
|
|
418 796 |
|
1 230 773 |
|
| Disposals |
|
|
(226 607) |
|
(868 125) |
|
| Transfers from building appurtenances, tenant installations and investment property |
|
|
5 811 |
|
59 569 |
|
| Depreciation |
|
|
|
|
(3 421) |
|
| Closing balance |
|
|
198 000 |
|
418 796 |
|
| Working capital |
|
|
|
|
|
|
| Opening balance |
|
|
(5 189) |
|
(15 050) |
|
| Disposals |
|
|
1 468 |
|
16 277 |
|
| Additions |
|
|
(3 179) |
|
(6 416) |
|
| Closing balance |
|
|
(6 900) |
|
(5 189) |
|
| Net classified as held-for-sale |
|
|
191 100 |
|
413 607 |
|
Non-current assets held-for-sale consist of Lakefield Office Park.
During the year the following buildings were sold:
| |
Transfer date |
|
2017
Sale price
Rm |
|
| Somerset Value Mart |
September 2016 |
|
|
|
185 |
|
| Glenfield Office Park |
December 2016 |
|
|
|
180 |
|
| Willowbridge South |
March 2017 |
|
|
|
460 |
|
| Glenwood Office Park |
May 2017 |
|
|
|
42 |
|
| Willowbridge North |
September 2017 |
|
225 |
|
|
|
| Greenstone Park – vacant land |
June 2018 |
|
4,5 |
|
|
|
| Total |
|
|
229,5 |
|
867 |
|
A conditional sale agreement has been concluded for the last remaining non-core property in the portfolio, Lakefield Office Park. Transfer is subject to Competition Commission approval.
|