| |
30 June
2014(2)
R000 |
|
30 June
2013(1)
R000 |
|
31 December
2012(2)
R000 |
|
31 December
2011(2)
R000 |
|
31 December
2010(2)
R000 |
|
|
Revenue |
2 514 779 |
|
1 099 489 |
|
2 177 625 |
|
1 583 157 |
|
1 119 048 |
|
|
Investment property income |
2 432 459 |
|
1 008 671 |
|
2 016 184 |
|
1 350 937 |
|
984 910 |
|
|
Straight-line rental income accrual |
45 055 |
|
15 879 |
|
9 208 |
|
100 214 |
|
14 148 |
|
|
Listed property securities income |
37 265 |
|
74 939 |
|
152 233 |
|
132 006 |
|
119 990 |
|
|
Property expenses |
(837 822) |
|
(347 277) |
|
(714 284) |
|
(511 681) |
|
(371 932) |
|
|
Net property income |
1 676 957 |
|
752 212 |
|
1 463 341 |
|
1 071 476 |
|
747 116 |
|
|
Other operating expenses |
(82 480) |
|
(27 729) |
|
(53 885) |
|
(43 855) |
|
(36 044) |
|
|
Net interest |
(394 721) |
|
(191 723) |
|
(404 827) |
|
(208 325) |
|
(121 554) |
|
|
Received |
65 645 |
|
17 234 |
|
22 180 |
|
31 416 |
|
7 006 |
|
|
Paid |
(460 366) |
|
(208 957) |
|
(427 007) |
|
(239 741) |
|
(128 560) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
Net operating income |
1 199 756 |
|
532 760 |
|
1 004 629 |
|
819 296 |
|
589 518 |
|
|
Change in fair value |
1 532 852 |
|
1 403 721 |
|
1 273 905 |
|
335 646 |
|
586 121 |
|
|
Investment property |
1 655 897 |
|
1 198 105 |
|
1 137 924 |
|
236 654 |
|
517 262 |
|
|
Straight-line rental income accrual |
(45 055) |
|
(15 879) |
|
(9 208) |
|
(100 214) |
|
(14 148) |
|
|
Listed property securities |
(82 266) |
|
(2 842) |
|
315 259 |
|
258 716 |
|
75 430 |
|
|
Derivative instruments |
4 276 |
|
224 337 |
|
(170 070) |
|
(59 510) |
|
7 577 |
|
|
Profit on disposal |
190 760 |
|
28 061 |
|
(15 221) |
|
(9 835) |
|
|
|
|
Investment property |
4 460 |
|
90 |
|
(11 886) |
|
(6 129) |
|
|
|
|
Listed property securities |
168 869 |
|
27 971 |
|
(3 335) |
|
(3 706) |
|
|
|
|
Associate |
17 431 |
|
|
|
|
|
|
|
|
|
|
Amortisation of debenture premium |
102 806 |
|
49 119 |
|
487 925 |
|
231 354 |
|
110 810 |
|
| Amortisation of financial guarantee for associate |
|
|
|
|
|
|
|
|
953 |
|
|
Impairment of goodwill |
(7 779) |
|
|
|
|
|
(547 654) |
|
|
|
| Gain on bargain purchase (African Land) |
102 895 |
|
|
|
|
|
|
|
|
|
|
Non-core income |
|
|
1 009 |
|
|
|
4 555 |
|
905 |
|
|
Income before debenture interest |
3 121 290 |
|
2 014 670 |
|
2 751 238 |
|
833 362 |
|
1 288 307 |
|
|
Debenture interest |
(1 147 443) |
|
(517 831) |
|
(994 333) |
|
(741 703) |
|
(593 024) |
|
|
Net income before share of income from associate |
1 973 847 |
|
1 496 839 |
|
1 756 905 |
|
91 659 |
|
695 283 |
|
|
Share of income from associate |
462 |
|
4 262 |
|
144 |
|
9 949 |
|
55 201 |
|
|
Profit before taxation |
1 974 309 |
|
1 501 101 |
|
1 757 049 |
|
101 608 |
|
750 484 |
|
|
Taxation |
(17 719) |
|
2 239 008 |
|
(753 169) |
|
(185 639) |
|
(80 696) |
|
|
Profit/(loss) for the year/period |
1 956 590 |
|
3 740 109 |
|
1 003 880 |
|
(84 031) |
|
669 788 |
|
|
Non-controlling interest |
(8 103) |
|
|
|
|
|
|
|
|
|
|
Total profit/(loss) for the year/period attributable to unitholders of the company |
1 948 487 |
|
3 740 109 |
|
1 003 880 |
|
(84 031) |
|
669 788 |
|
|
Investment property at fair value |
22 230
404(3) |
|
18 655 496 |
|
17 480 030 |
|
17 271 864 |
|
9 425 626 |
|
|
Distribution per combined unit (cents) |
472 |
|
213 |
|
409 |
|
383 |
|
357 |
|
