Statements of profit or loss and other comprehensive income
for the year ended 30 June 2020
| Group | Company | |||||||||||
| Note | 30 June 2020 R'000 |
30 June 2019 R'000 |
30 June 2020 R'000 |
30 June 2019 R'000 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | D1.1.2 | 3 102 342 | 3 217 848 | 2 890 220 | 3 003 847 | |||||||
| Rental and other lease income | 2 261 122 | 2 567 150 | 2 078 213 | 2 372 402 | ||||||||
| Straight-line rental income accrual | 118 286 | (87 887) | 125 927 | (81 399) | ||||||||
| Recoveries | 722 934 | 738 585 | 686 080 | 712 844 | ||||||||
| Impairment of trade receivables | (77 682) | (47 052) | (35 786) | (23 712) | ||||||||
| Property expenses | D2.1 | (1 139 721) | (1 132 002) | (1 069 565) | (1 068 708) | |||||||
| Net property income | 1 884 939 | 2 038 794 | 1 784 869 | 1 911 427 | ||||||||
| Net other operating expenses | D2.2 | (68 259) | (41 600) | (59 246) | (40 526) | |||||||
| Other operating income | 20 871 | 30 828 | 28 677 | 30 828 | ||||||||
| Other operating expenses | (89 130) | (72 428) | (87 923) | (71 354) | ||||||||
| Operating income | 1 816 680 | 1 997 194 | 1 725 623 | 1 870 901 | ||||||||
| Net interest | D4.1 | (548 395) | (461 155) | (353 382) | (236 105) | |||||||
| Interest income | 88 997 | 156 043 | 58 751 | 77 152 | ||||||||
| Interest expense | (637 392) | (617 198) | (412 133) | (313 257) | ||||||||
| Net operating income | 1 268 285 | 1 536 039 | 1 372 241 | 1 634 796 | ||||||||
| Guarantee fee income | H3.3.2 | 22 111 | 40 542 | 22 111 | 40 542 | |||||||
| Dividends received | D5.1 | 120 630 | 221 190 | 120 630 | 221 190 | |||||||
| Net income before fair value adjustments | 1 411 026 | 1 797 771 | 1 514 982 | 1 896 528 | ||||||||
| Changes in fair value | (4 636 928) | (587 083) | (4 171 725) | (310 651) | ||||||||
| Investment property | E1.5 | (4 668 419) | (337 238) | (4 277 145) | (158 832) | |||||||
| Financial guarantees | H3.6 | (16 665) | – | 54 497 | (16 294) | |||||||
| Other investments | F4 | (45 172) | (12 705) | (45 172) | (12 705) | |||||||
| Loans receivable at FVTPL | F1.7 | – | (105 809) | – | – | |||||||
| Financial asset | E6.4 | 314 528 | (85 229) | 314 528 | (85 229) | |||||||
| Derivative instruments | H2 | (221 200) | (46 102) | (218 433) | (37 591) | |||||||
| Profit on disposal of investment property | – | 2 825 | – | 2 825 | ||||||||
| Impairment of loans receivable | F1.6 | (289 974) | (1 350 727) | (44 620) | (1 485 389) | |||||||
| Impairment of investment in subsidiary | E4.4 | – | – | (398 020) | – | |||||||
| Other impairments | – | (29 964) | – | – | ||||||||
| Derecognition of financial guarantees | – | 185 686 | – | 218 779 | ||||||||
| (Loss)/Profit before taxation | (3 515 876) | 18 508 | (3 099 383) | 322 092 | ||||||||
| Taxation | D6.3 | (7 150) | 93 028 | (7 637) | (1 730) | |||||||
| (Loss)/Profit for the year | (3 523 026) | 111 536 | (3 107 020) | 320 362 | ||||||||
| Other comprehensive income | ||||||||||||
| Items that may be reclassified subsequently to profit or loss (net of taxation) | 22 718 | (44 094) | – | – | ||||||||
| Exchange differences on translation of foreign operations | 16 217 | (46 959) | – | – | ||||||||
| Exchange differences on translation of foreign operations:Non-controlling interest | 6 501 | 2 865 | – | – | ||||||||
| Total comprehensive (loss)/income for the year | (3 500 308) | 67 442 | (3 107 020) | 320 362 | ||||||||
| Total (loss)/profit for the year attributable to shareholders of the Company | (3 401 849) | 164 922 | (3 107 020) | 320 362 | ||||||||
| Total (loss)/profit for the year attributable tonon-controlling interest | (121 177) | (53 386) | – | – | ||||||||
| (Loss)/Profit for the year | (3 523 026) | 111 536 | (3 107 020) | 320 362 | ||||||||
| Total comprehensive (loss)/income for the year attributable to shareholders of the Company | (3 385 632) | 117 963 | (3 107 020) | 320 362 | ||||||||
| Total comprehensive (loss)/income for the year attributable to non-controlling interest | (114 676) | (50 521) | – | – | ||||||||
| Total comprehensive (loss)/income for the year | (3 500 308) | 67 442 | (3 107 020) | 320 362 | ||||||||
| Basic earnings per share (cents) | B2.3 | (1 332.4) | 64.5 | (1 214.2) | 125.2 | |||||||
| Fully diluted earnings per share (cents) | B2.3 | (1 331.5) | 64.5 | (1 213.4) | 125.1 | |||||||