| |
2017
R000 |
|
| Arising on: |
|
|
|
|
| Wear and tear claims on investment property, building appurtenances and tenant installations |
164 149 |
|
152 307 |
|
| Taxation loss arising prior to REIT status |
(78 122) |
|
(78 122) |
|
| Fair value of investment property – Gruppo Investments Nigeria Limited |
76 165 |
|
72 618 |
|
| Fair value adjustment on convertible loans – Gruppo Investments Nigeria Limited |
28 017 |
|
4 105 |
|
| Rent and other receivables for Gruppo Investments Nigeria Limited |
(12 207) |
|
(11 309) |
|
| |
178 002 |
|
139 599 |
|
| Reconciliation of the movement in the deferred taxation liability |
|
|
|
|
| Opening balance – 1 July |
139 599 |
|
146 509 |
|
| Sale of subsidiary |
|
|
(184) |
|
| FCTR adjustment |
3 299 |
|
(8 352) |
|
| Movement through profit and loss |
35 104 |
|
1 626 |
|
| Building appurtenances and tenant installations |
12 078 |
|
12 036 |
|
| Reversal of wear and tear allowances on asset sales |
(264) |
|
(14 297) |
|
| Fair value on investment property |
(51) |
|
(8 154) |
|
| Prior year deferred taxation adjustment |
2 927 |
|
(912) |
|
| Fair value adjustment on convertible loans – Gruppo Investments Nigeria Limited |
23 706 |
|
18 694 |
|
| Rent and other receivables for Gruppo Investments Nigeria Limited |
(3 292) |
|
(5 741) |
|
|
|
|
|
|
| Balance at end of the year |
178 002 |
|
139 599 |
|
Deferred taxation on temporary differences was calculated at 28% (2017: 28%) in respect of South African amounts. Ikeja City Mall temporary differences: 30% (2017: 30%); Ikeja City Mall Investment property: 10% (2017: 10%).