Statements of profit or loss and other comprehensive income
for the year ended 30 June 2019
| Download (EXCEL) |
| GROUP | COMPANY | ||||||||
| Note | 30 June 2019 R000 |
30 June 2018 R000 |
30 June 2019 R000 |
30 June 2018 R000 |
|||||
| Revenue | D1.1.2 | 3 217 848 | 3 113 713 | 3 003 847 | 2 889 135 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Rental and other lease income | 2 330 177 | 2 244 650 | 2 157 540 | 2 071 763 | |||||
| Straight-line rental income accrual | (87 887) | (3 847) | (81 399) | (4 696) | |||||
| Recoveries | 975 558 | 872 910 | 927 706 | 822 068 | |||||
| Impairment of trade receivables | M5.2.3.1 | (47 052) | (31 089) | (23 712) | (12 825) | ||||
| Property expenses | D2.1 | (1 132 002) | (1 018 803) | (1 068 708) | (943 321) | ||||
| Net property income | 2 038 794 | 2 063 821 | 1 911 427 | 1 932 989 | |||||
| Other operating expenses | D2.2 | (41 600) | (55 778) | (40 526) | (54 586) | ||||
| Operating income | 1 997 194 | 2 008 043 | 1 870 901 | 1 878 403 | |||||
| Net interest | D3 | (461 155) | (282 273) | (236 105) | (280 846) | ||||
| Interest income | 156 043 | 312 550 | 77 152 | 70 511 | |||||
| Interest expense | (617 198) | (594 823) | (313 257) | (351 357) | |||||
| Net operating income | 1 536 039 | 1 725 770 | 1 634 796 | 1 597 557 | |||||
| Guarantee fee income | 40 542 | 46 671 | 40 542 | 46 672 | |||||
| Dividends received | D4 | 221 190 | 182 778 | 221 190 | 241 672 | ||||
| Net income before fair value adjustments | 1 797 771 | 1 955 219 | 1 896 528 | 1 885 901 | |||||
| Changes in fair value | (587 083) | 767 052 | (310 651) | 754 079 | |||||
| Investment property | E1.5 | (337 238) | 650 206 | (158 832) | 651 558 | ||||
| Financial guarantees | – | – | (16 294) | – | |||||
| Other investments | F4.2 | (12 705) | – | (12 705) | – | ||||
| Loans receivable at FVTPL | F1.6 | (105 809) | – | – | – | ||||
| Financial asset | E5.6 | (85 229) | 87 761 | (85 229) | 87 761 | ||||
| Derivative instruments | H2 | (46 102) | 29 085 | (37 591) | 14 760 | ||||
| Profit on disposal of investment property | 2 825 | 2 697 | 2 825 | 2 697 | |||||
| Impairment of loans receivable | F1.6 | (1 350 727) | (166 441) | (1 485 389) | – | ||||
| Other impairments | (29 964) | (10 102) | – | (464 958) | |||||
| Derecognition of financial guarantees | H3.3 | 185 686 | 11 984 | 218 779 | 77 269 | ||||
| Profit before taxation | 18 508 | 2 560 409 | 322 092 | 2 254 988 | |||||
| Taxation | D6 | 93 028 | (39 486) | (1 730) | (11 838) | ||||
| Profit for the year | 111 536 | 2 520 923 | 320 362 | 2 243 150 | |||||
| Other comprehensive income | |||||||||
| Items that may be reclassified subsequently to profit or loss (net of taxation) | (44 094) | 15 471 | – | – | |||||
| Exchange differences on translation of foreign operations | (46 959) | 10 907 | – | – | |||||
| Exchange differences on translation of foreign operations: | |||||||||
| non-controlling interest | 2 865 | 4 564 | – | – | |||||
| Total comprehensive income for the year | 67 442 | 2 536 394 | 320 362 | 2 243 150 | |||||
| Total profit for the year attributable to shareholders of the company | 164 922 | 2 529 466 | 320 362 | 2 243 150 | |||||
| Total profit for the year attributable to non-controlling interest | (53 386) | (8 543) | – | – | |||||
| Profit for the year | 111 536 | 2 520 923 | 320 362 | 2 243 150 | |||||
| Total comprehensive income for the year attributable to shareholders of the company | 117 963 | 2 540 373 | 320 362 | 2 243 150 | |||||
| Total comprehensive income for the year attributable to non-controlling interest | (50 521) | (3 979) | – | – | |||||
| Total comprehensive income for the year | 67 442 | 2 536 394 | 320 362 | 2 243 150 | |||||
| Basic earnings per share (cents) | B2.3 | 64,5 | 1 015,8 | 125,2 | 899,1 | ||||
| Diluted earnings per share (cents) | B2.3 | 64,5 | 1 015,0 | 125,1 | 898,5 | ||||