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NOTES TO THE FINANCIAL STATEMENTS
continued
for the year ended 30 June 2015
17. Debentures and debenture premium
GROUP
June 2015
R000
GROUP
June 2014
R000
COMPANY
June 2015
R000
COMPANY
June 2014
R000
Issued
Nil (2014: 243 256 092) unsecured unsubordinated variable rate
debentures of 493 cents each
1 199 253
1 199 253
Premium on debentures
4 519 866
4 530 934
Upon issue of combined units
5 787 082
5 787 082
Debentures included in treasury shares
(11 068)
Debenture premium amortised
(1 256 148)
(1 256 148)
5 719 119
5 730 187
Movement for the year
Balance at 1 July
5 719 119
5 822 497
5 730 187
5 822 497
Capital restructure
(5 719 119)
(5 730 187)
New issue of combined units
10 496
10 496
Transferred to treasury shares
(11 068)
Current period premium amortisation
(102 806)
(102 806)
Balance at end of year
5 719 119
5 730 187
On 18 August 2014 the capital of the company was restructured to convert the debentures and debenture premium to stated capital.
Refer to note 14.
122
Hyprop Investments Limited
Integrated Report 2015
FINANCIAL STATEMENTS