23. Operating income
 
    2018
R000		     2017
R000		    
Operating income is stated after the following:              
Income includes              
Contingent rental income (turnover rental)   46 246     46 132    
Expenses include              
Depreciation   38 149     33 296    
Small asset write-offs   81     43    
Employee remuneration   147 163     131 193    
Share-based payments (CUP) (refer to note 25 – Employee remuneration)   10 877     12 655    
Forex losses   8 375     39 739    
Property expenses per the statement of profit or loss and other comprehensive income include the following material expenses:              
   Municipal expenses   623 982     635 955    
   Security expenses   51 493     51 139    
   Cleaning expenses   42 159     41 680    
   Marketing expenses   40 063     40 238    
   Maintenance costs   22 043     23 870    
Directors’ remuneration              
Independent non-executive   2 961     2 652    
   Gavin Tipper   688     636    
   Lindie Engelbrecht   543     541    
   Mike Lewin   392     364    
   Stewart Shaw-Taylor   551     489    
   Thabo Mokgatlha   462     432    
   Nonyameko Mandindi(1)   325     47    
   Ethan Dube (paid to Vunani Capital Proprietary Limited)         143    
Non-executive   686     658    
   Kevin Ellerine   343     329    
   Louis Norval   343     329    
Executive   15 760     16 752    
   Pieter Prinsloo (CEO)   10 031     10 630    
   Basic salary   4 153     3 906    
   Pension fund contributions   196     184    
   Performance bonus (paid in December)   3 498     3 933    
   Incentive scheme   2 069     2 488    
   Other benefits   115     119    
Laurence Cohen (FD)(2)   5 729     6 122    
   Basic salary   2 362     2 221    
   Pension fund contributions   410     386    
   Performance bonus (paid in December)   1 759     2 060    
   Incentive scheme   1 115     1 371    
   Other benefits   83     84    

(1) Independent non-executive director Nonyameko Mandindi was appointed to the board on 8 May 2017

(2) Executive director, Laurence Cohen resigned from the board effective 31 July 2018

Directors’ beneficial interests under the long-term employee incentive scheme (CUP) (unvested) Pieter Prinsloo 
Number of 
Hyprop shares 		   Laurence Cohen 
Number of  
Hyprop shares 		  
Balance at 1 July 2016  82 560     44 833    
Allocated during the year  23 067     12 428    
Balance at 30 June 2017  105 627     57 261    
Balance at 1 July 2017  105 627     57 261    
Allocated during the year  24 416     13 154    
Vested during the year  (39 682)    (21 626)   
Forfeited during the year  (2 316)    (1 248)   
Balance at 30 June 2018  88 045     47 541    
Market value of shares at 30 June 2018 
R000 		   2017 
R000 		  
Pieter Prinsloo 9 011    12 332   
Laurence Cohen 4 865    6 685