| PROPERTY PORTFOLIO | STATEMENTS OF
COMPREHENSIVE INCOME |
STATEMENTS OF
FINANCIAL POSITION |
|||||||||||
| Business segment | Location | GLA m2 | Total value R000 |
Value attributable to Hyprop R000 |
Revenue R000 |
Net property income R000 |
Historic yield(3) % |
Receivables R000 |
Payables R000 |
Loans R000 |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 June 2014 | |||||||||||||
| Canal Walk | Cape Town | 157 031 | 7 580 000 | 6 064 000 | 545 252 | 379 254 | 6,7 | 12 923 | 52 340 | ||||
| Super regional | 157 031 | 7 580 000 | 6 064 000 | 545 252 | 379 254 | 12 923 | 52 340 | ||||||
| Clearwater | Johannesburg | 86 028 | 3 473 000 | 3 473 000 | 336 499 | 224 585 | 7,0 | 15 400 | 54 063 | ||||
| The Glen | Johannesburg | 76 849 | 2 740 000 | 2 059 269 | 214 218 | 143 198 | 7,7 | 2 102 | 22 982 | ||||
| Woodlands Boulevard | Pretoria | 71 617 | 2 196 000 | 2 196 000 | 214 842 | 142 336 | 7,5 | 24 709 | 41 845 | ||||
| CapeGate Regional | Cape Town | 63 699 | 1 400 000 | 1 400 000 | 157 166 | 91 674 | 7,4 | 10 653 | 26 485 | ||||
| Somerset Mall | Cape Town | 66 831 | 2 252 000 | 2 252 000 | 166 624 | 116 017 | 6 923 | 16 803 | |||||
| Large regional | 365 024 | 12 061 000 | 11 380 269 | 1 089 349 | 717 810 | 59 787 | 162 178 | ||||||
| Hyde Park | Johannesburg | 38 345 | 1 769 000 | 1 769 000 | 179 905 | 120 000 | 7,7 | 8 986 | 35 453 | ||||
| Regional | 38 345 | 1 769 000 | 1 769 000 | 179 905 | 120 000 | 8 986 | 35 453 | ||||||
| Atterbury Value Mart | Pretoria | 47 786 | 1 105 000 | 1 105 000 | 112 551 | 83 714 | 8,5 | 6 028 | 22 836 | ||||
| Somerset Value Mart | Cape Town | 12 386 | 185 000 | 185 000 | 22 692 | 14 466 | 7,8 | 1 284 | 5 809 | ||||
| Value centres | 60 172 | 1 290 000 | 1 290 000 | 135 243 | 98 180 | 7 312 | 28 645 | ||||||
| Shopping centres | 620 572 | 22 700 000 | 20 503 269 | 1 949 749 | 1 315 244 | 89 008 | 278 616 | ||||||
| Stand-alone offices | Johannesburg | 4 506 | 90 000 | 90 000 | 10 039 | 5 070 | 6,2 | 472 | 992 | ||||
| Development property(1) | Johannesburg | 1 849 000 | 1 849 000 | 121 808 | 63 302 | 9 136 | 23 362 | ||||||
| Held for sale(2) | 156 061 | 1 779 000 | 1 731 000 | 257 902 | 146 084 | 17 646 | 53 755 | ||||||
| African Land Investments Limited | Lusaka, Zambia | 1 618 506 | 1 408 262 | 77 953 | 30 308 | (1 987) | 22 404 | ||||||
| Investment property | 781 139 | 28 036 506 | 25 581 531 | 2 417 451 | 1 560 008 | 114 275 | 379 129 | ||||||
| Listed property securities | 37 265 | 37 265 | |||||||||||
| Atterbury Africa (Hyprop (Mauritius) Limited) | 812 459 | 812 459 | 4 770 | 25 | 3 336 | ||||||||
| Word4Word Marketing (Proprietary) Limited | 15 008 | 3 180 | 3 020 | 5 898 | |||||||||
| Fund management | (55 139) | 4 012 | 33 078 | 7 198 853 | |||||||||
| Net interest | (401 484) | ||||||||||||
| Straight-line rental income accrual | 45 055 | ||||||||||||
| 781 139 | 28 848 965 | 26 393 990 | 2 514 779 | 1 148 600 | 121 332 | 421 441 | 7 198 853 | ||||||
| Reconciliation to statement of financial position | |||||||||||||
| Held for sale(4) | (33 154) | (17 646) | (53 755) | ||||||||||
| Other non-current assets | 39 328 | ||||||||||||
| Other current assets | 228 525 | ||||||||||||
| African Land Investments Limited(5) | 235 974 | ||||||||||||
| Word4Word Marketing (Proprietary) Limited | 289 | ||||||||||||
| 26 864 952 | 2 514 779 | 1 148 600 | 103 686 | 367 686 | 7 198 853 | ||||||||
| Note | 28 | 11 | 21 | 18 | |||||||||
| (1) Rosebank Mall and Mall Offices — transferred to development property from September 2012 |
| (2) Willowbridge, CapeGate Lifestyle, Stoneridge, Lakefield Office Park, Glenwood Office Park and Glenfield Office Park |
| (3) Based on 2014 net property income |
| (4) Other assets and liabilities held for sale |
| (5) Building appurtenances, tenant installations and non-controlling interest of African Land Investments Limited |
| PROPERTY PORTFOLIO | STATEMENTS OF
COMPREHENSIVE INCOME |
STATEMENTS OF
FINANCIAL POSITION |
|||||||||||
| Business segment | Location | GLA m2 | Total value R000 |
Value attributable to Hyprop R000 |
Revenue R000 |
Net property income R000 |
Historic yield(3) % |
Receivables R000 |
Payables R000 |
Loans R000 |
|||
| 30 June 2013 | |||||||||||||
| Canal Walk | Cape Town | 153 531 | 7 034 000 | 5 627 200 | 244 917 | 178 398 | 3,4 | 212 | 50 725 | ||||
| Super regional | 153 531 | 7 034 000 | 5 627 200 | 244 917 | 178 398 | 212 | 50 725 | ||||||
| Clearwater | Johannesburg | 86 031 | 3 203 000 | 3 203 000 | 154 291 | 102 821 | 3,5 | 22 854 | 34 988 | ||||
| The Glen | Johannesburg | 74 348 | 2 467 000 | 1 854 094 | 99 038 | 63 602 | 3,6 | 8 857 | 23 027 | ||||
| Woodlands Boulevard | Pretoria | 71 607 | 1 886 000 | 1 886 000 | 94 511 | 65 380 | 3,7 | 23 948 | 19 558 | ||||
| CapeGate | Cape Town | 97 346 | 1 602 000 | 1 602 000 | 94 695 | 59 298 | 3,9 | 15 878 | 35 834 | ||||
| Large regional | 329 332 | 9 158 000 | 8 545 094 | 442 535 | 291 101 | 71 537 | 113 407 | ||||||
| Hyde Park | Johannesburg | 37 003 | 1 556 000 | 1 556 000 | 83 504 | 53 686 | 3,8 | 6 728 | 19 120 | ||||
| Regional | 37 003 | 1 556 000 | 1 556 000 | 83 504 | 53 686 | 6 728 | 19 120 | ||||||
| Atterbury Value Mart | Pretoria | 47 745 | 987 000 | 987 000 | 51 026 | 38 363 | 4,0 | 4 733 | 10 424 | ||||
| Willowbridge | Cape Town | 44 663 | 585 000 | 585 000 | 40 028 | 22 644 | 3,7 | 4 766 | 10 520 | ||||
| Stoneridge | Johannesburg | 48 584 | 468 000 | 421 200 | 32 096 | 15 170 | 3,5 | 1 969 | 41 861 | ||||
| Somerset Value Mart | Cape Town | 12 386 | 185 000 | 185 000 | 10 822 | 7 036 | 4,1 | 754 | 3 572 | ||||
| Value centres | 153 378 | 2 225 000 | 2 178 200 | 133 972 | 83 213 | 12 222 | 66 377 | ||||||
| Shopping centres | 673 244 | 19 973 000 | 17 906 494 | 904 928 | 606 398 | 90 699 | 249 629 | ||||||
| Stand-alone offices | Johannesburg and Pretoria | 52 206 | 749 000 | 749 000 | 53 424 | 34 034 | 4,8 | 7 532 | 17 983 | ||||
| Development property(1) | Johannesburg | 35 950 | 1 187 000 | 1 187 000 | 44 745 | 19 953 | 4 213 | 3 157 | |||||
| Held for sale(2) | Johannesburg | -185 | |||||||||||
| Investment property | 761 400 | 21 909 000 | 19 842 494 | 1 003 097 | 660 200 | 102 444 | 270 769 | ||||||
| Listed property securities(4) | 2 279 253 | 2 279 253 | 74 939 | 74 939 | |||||||||
| Atterbury Africa | 111 109 | 336 994 | 1 434 | ||||||||||
| Hyprop Mauritius | 21 | 1 536 | |||||||||||
| Word4Word Marketing | 5 574 | 1 120 | 4 861 | 7 295 | |||||||||
| Fund management | (26 212) | 116 849 | 74 202 | 5 384 486 | |||||||||
| Net interest | (195 237) | ||||||||||||
| Straight-line rental income accrual | 15 879 | ||||||||||||
| Non-core income | 1 009 | ||||||||||||
| 761 400 | 24 299 362 | 22 458 741 | 1 099 489 | 517 253 | 224 175 | 353 802 | 5 384 486 | ||||||
| Reconciliation to statement of financial position | |||||||||||||
| Held for sale — investment in associate | 121 569 | ||||||||||||
| Other non-current assets | 102 636 | ||||||||||||
| Other current assets | 298 996 | ||||||||||||
| 22 981 942 | 1 099 489 | 517 253 | 224 175 | 353 802 | 5 384 486 | ||||||||
| Note | 28 | 11 | 21 | 18 | |||||||||
| (1) Rosebank Mall and Mall Offices — transferred to development property from September 2012 |
| (2) Southern Sun Hyde Park |
| (3) Based on 2013 net property income for six months and December 2012 valuations |
| (4) Investments in Sycom — held for sale |