| NOTES TO THE FINANCIAL STATEMENTS l NOTE 20 |
|
20. |
Deferred taxation |
| |
| |
GROUP
June 2014
R000 |
|
GROUP
June 2013
R000 |
|
COMPANY
June 2014
R000 |
|
COMPANY
June 2013
R000 |
|
| Arising on: |
|
|
|
|
|
|
|
|
| Building appurtenances and tenant installations |
124 284 |
|
110 113 |
|
124 284 |
|
110 113 |
|
| Taxation loss |
(78 122) |
|
(76 134) |
|
(78 122) |
|
(76 134) |
|
| Income received in advance |
(16) |
|
(10 964) |
|
|
|
(10 964) |
|
| Other temporary differences |
(399) |
|
6 995 |
|
|
|
7 250 |
|
| |
45 747 |
|
30 010 |
|
46 162 |
|
30 265 |
|
| Reconciliation of the movement in the deferred taxation-liability |
|
|
|
|
|
|
|
|
| Opening balance — 1 July/1 January |
30 010 |
|
2 270 945 |
|
30 265 |
|
2 271 159 |
|
| Change in fair value of: |
Investment property(1) |
|
|
(2 021 082) |
|
|
|
(2 021 082) |
|
| |
Listed property securities(1) |
|
|
(126 854) |
|
|
|
(126 854) |
|
| Building appurtenances and tenant installations |
14 171 |
|
(6 611) |
|
14 171 |
|
(6 611) |
|
| Prior year deferred tax adjustment |
(1 988) |
|
(5 424) |
|
(1 988) |
|
(5 424) |
|
| Straight-line-rental income accrual |
|
|
(81 986) |
|
|
|
(81 986) |
|
| Income received in advance |
10 948 |
|
5 518 |
|
10 964 |
|
5 518 |
|
| Other temporary differences |
(7 394) |
|
(4 496) |
|
(7 250) |
|
(4 455) |
|
| Closing balance |
45 747 |
|
30 010 |
|
46 162 |
|
30 265 |
|
|
| |
| (1) |
Hyprop converted to a REIT from 1 July 2013. South African REITs are not subject to capital gains taxation. Therefore, 100% of deferred capital gains
taxation was eliminated through the statement of comprehensive income on 30 June 2013. Deferred taxation on other timing differences was
calculated at 28% (June 2013: 28%) |
|
|
| NOTES TO THE FINANCIAL STATEMENTS l NOTE 20 |
|
|