109 / 156
5.
Joint operations
The following is a summary of Hyprop’s undivided share in co-owned shopping centres at year-end
#
:
GROUP
June 2015
R000
GROUP
June 2014
R000
COMPANY
June 2015
R000
COMPANY
June 2014
R000
Canal Walk – 80% – Western Cape, South Africa
Carrying value of investment property
6 732 800
6 064 000
6 732 800
6 064 000
Current assets
63 972
12 923
63 972
12 923
Current liabilities
61 495
52 340
61 495
52 340
Net property income
Investment property income
579 188
545 252
579 188
545 252
Property expenses
(166 880)
(165 998)
(166 880)
(165 998)
Net property income
412 308
379 254
412 308
379 254
The Glen – 75,15% – Gauteng, South Africa
Carrying value of investment property
2 329 830
2 059 269
2 329 830
2 059 269
Current assets
17 403
2 102
17 403
2 102
Current liabilities
22 941
22 982
22 941
22 982
Net property income
Investment property income
218 999
214 218
218 999
214 218
Property expenses
(65 203)
(71 020)
(65 203)
(71 020)
Net property income
153 796
143 198
153 796
143 198
#
Excludes Stoneridge which is disclosed in the held for sale note. Refer to note 13
107
Hyprop Investments Limited
Integrated Report 2015