129 / 156
24. Net operating income
GROUP
June 2015
R000
GROUP
June 2014
R000
COMPANY
June 2015
R000
COMPANY
June 2014
R000
Net operating income is stated after accounting for the
following:
Contingent rental income (turnover rental)
(50 459)
(50 503)
(50 459)
(43 396)
Depreciation
20 054
19 931
19 895
16 431
Loss on write-off of assets
82
2 468
82
2 457
Employee remuneration
118 312
109 137
89 016
81 918
Share-based payments (CUP) (refer to note 26)
6 707
1 649
6 707
1 649
Forex gains
(7 804)
(2 951)
(728)
(180)
Key management remuneration
The following key management remuneration was paid/
provided for during the year:
Prescribed officers other than directors:
A
3 033
2 825
3 033
2 825
B
2 250
2 061
2 250
2 061
C
2 227
2 021
2 227
2 021
Directors’ remuneration
Independent non-executive
2 117
1 691
2 117
1 691
Ethan Dube (paid to Vunani Capital Proprietary Limited)
284
223
284
223
Lindie Engelbrecht
471
400
471
400
Gavin Tipper
490
439
490
439
Louis van der Watt (paid to Atterbury Property Holdings
Limited)
235
183
235
183
Mike Lewin
284
223
284
223
Thabo Mokgatlha
353
223
353
223
Non-executive
847
644
847
644
Kevin Ellerine
252
188
252
188
Louis Norval
245
188
245
188
Stewart Shaw-Taylor
350
268
350
268
Executive
13 685
10 396
13 685
10 396
Pieter Prinsloo (CEO)
9 699
6 667
9 699
6 667
Basic salary
3 464
3 139
3 464
3 139
Pension fund contributions
141
127
141
127
Performance bonus (paid in December)
2 625
2 200
2 625
2 200
Other benefits
33
31
33
31
Incentive scheme
3 436
1 170
3 436
1 170
Laurence Cohen (FD)
3 986
3 729
3 986
3 729
Basic salary
1 958
1 798
1 958
1 798
Pension fund contributions
296
270
296
270
Performance bonus (paid in December)
1 650
1 600
1 650
1 600
Other benefits
82
61
82
61
127
Hyprop Investments Limited
Integrated Report 2015