| |
|
GROUP
Year to
June 2014
R000 |
|
GROUP
Six months to
June 2013
R000 |
|
COMPANY
Year to
June 2014
R000 |
|
COMPANY
Six months to
June 2013
R000 |
|
| 29.2 |
Cash generated from operations |
|
|
|
|
|
|
|
|
| |
Net income before taxation |
1 974 309 |
|
1 501 101 |
|
1 820 044 |
|
1 493 990 |
|
| |
Adjustments: |
(400 859) |
|
(783 984) |
|
(288 944) |
|
(778 363) |
|
| |
Change in fair value: Investment property |
(1 655 897) |
|
(1 198 105) |
|
(1 613 720) |
|
(1 198 105) |
|
| |
Listed property securities |
82 266 |
|
2 842 |
|
82 266 |
|
2 842 |
|
| |
Derivative instruments |
(4 276) |
|
(224 337) |
|
(6 294) |
|
(224 337) |
|
| |
Impairment of intercompany loan |
|
|
|
|
5 682 |
|
|
|
| |
Impairment of investment in subsidiary |
|
|
|
|
7 779 |
|
|
|
| |
Impairment of goodwill |
7 779 |
|
|
|
|
|
|
|
| |
Profit on disposal: Investment property |
(4 460) |
|
(90) |
|
(4 460) |
|
(90) |
|
| |
Listed property securities |
(168 869) |
|
(27 971) |
|
(168 869) |
|
(27 971) |
|
| |
Investment in associate |
(17 431) |
|
|
|
(21 400) |
|
|
|
| |
Share of income from associate |
(462) |
|
(4 262) |
|
|
|
|
|
| |
Dividends received |
|
|
|
|
(36 943) |
|
(2 134) |
|
| |
Depreciation |
19 931 |
|
7 110 |
|
16 431 |
|
7 056 |
|
| |
Share-base payment |
1 649 |
|
|
|
1 649 |
|
|
|
| |
Interest received |
(65 645) |
|
(17 234) |
|
(19 678) |
|
(9 674) |
|
| |
Interest paid |
460 366 |
|
208 957 |
|
421 162 |
|
205 263 |
|
| |
Debenture interest paid |
1 147 443 |
|
517 831 |
|
1 147 798 |
|
517 831 |
|
| |
Gain on bargain purchase (African Land) |
(102 895) |
|
|
|
|
|
|
|
| |
Amortisation of debenture premium |
(102 806) |
|
(49 119) |
|
(102 806) |
|
(49 119) |
|
| |
Small assets written off |
2 468 |
|
|
|
2 457 |
|
|
|
| |
Other non-cash items |
(20) |
|
394 |
|
2 |
|
75 |
|
| |
Operating profit before working capital changes |
1 573 450 |
|
717 117 |
|
1 531 100 |
|
715 627 |
|
| |
Increase/(decrease) in working capital |
151 895 |
|
(56 412) |
|
153 175 |
|
(53 922) |
|
| |
Decrease/(increase) in receivables |
107 013 |
|
(41 105) |
|
109 463 |
|
(37 344) |
|
| |
Increase/(decrease) in payables |
44 882 |
|
(15 307) |
|
43 712 |
|
(16 578) |
|
 |
|
|
|
|
|
|
|
|
|
| |
Cash generated from operations |
1 725 345 |
|
660 705 |
|
1 684 275 |
|
661 705 |
|
| 29.3 |
Debenture interest paid to combined unitholders |
|
|
|
|
|
|
|
|
| |
Interest payable at beginning of year/period |
(517 831) |
|
(512 969) |
|
(517 831) |
|
(512 969) |
|
| |
Per statements of comprehensive income |
(1 147 443) |
|
(517 831) |
|
(1 147 798) |
|
(517 831) |
|
| |
Interest payable at end of year/period |
585 877 |
|
517 831 |
|
585 877 |
|
517 831 |
|
| |
|
(1 079 397) |
|
(512 969) |
|
(1 079 755) |
|
(512 969) |
|
| 29.4 |
Taxation paid |
|
|
|
|
|
|
|
|
| |
Taxation payable at beginning of year/period |
(5 923) |
|
(3 980) |
|
|
|
|
|
| |
Per statements of comprehensive income |
(1 982) |
|
(1 927) |
|
(62) |
|
|
|
| |
Taxation payable at end of year/period |
298 |
|
5 923 |
|
|
|
|
|
| |
|
(7 607) |
|
16 |
|
(62) |
|
|
|
| 29.5 |
Dividends received |
|
|
|
|
|
|
|
|
| |
Per statement of comprehensive income |
|
|
|
|
36 943 |
|
2 134 |
|
| |
Dividends receivable at end of year/period |
|
|
|
|
(10 445) |
|
(1 434) |
|
| |
|
|
|
|
|
26 498 |
|
700 |
|