105 / 156
2.
Investment property
continued
2.5 Investment property valuation
continued
Group and company
Non-
recurring
fair value
measure-
ments
– level 3
Non-
recurring
fair value
measure-
ments
– level 3
June 2015
Valuation
R000
June 2014
Valuation
R000
Assets held for sale
1 225 775
1 731 000
Total group and company
1 225 775
1 731 000
There are interrelationships between unobservable inputs. Expected vacancy rates may impact the yield, with higher vacancy
rates resulting in higher yields. For investment property under construction, increases in construction costs that enhance the
property’s rental stream may result in an increase in property values. An increase in future rental income may be linked with
higher costs. If the remaining lease term increases, the yield may decrease.
3.
Building appurtenances and tenant installations
Note
GROUP
June 2015
R000
GROUP
June 2014
R000
COMPANY
June 2015
R000
COMPANY
June 2014
R000
3.1 Cost
Building appurtenances
84 053
104 518
83 316
54 620
Tenant installations
42 715
37 216
42 715
35 434
126 768
141 734
126 031
90 054
3.2 Accumulated depreciation
Building appurtenances
29 098
43 684
28 621
18 774
Tenant installations
20 370
15 358
20 370
14 608
49 468
59 042
48 991
33 382
3.3 Net carrying value
Building appurtenances
54 955
60 834
54 695
35 846
Tenant installations
22 345
21 858
22 345
20 826
77 300
82 692
77 040
56 672
3.4 Movement for the year
Net carrying value – 1 July
82 692
63 065
56 672
62 899
Capital expenditure
42 718
13 541
42 505
20 051
Acquired through business combination
(African Land)
34.2
35 447
Foreign currency translation difference
428
Disposal of building appurtenances and tenant
installations
(965)
(2 468)
(703)
(2 457)
Disposal in respect of subsidiary
4.3
(25 552)
Classified as held for sale
(1 539)
(7 390)
(1 539)
(7 390)
Depreciation
(20 054)
(19 931)
(19 895)
(16 431)
Net carrying value
77 300
82 692
77 040
56 672
103
Hyprop Investments Limited
Integrated Report 2015