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SEGMENTAL ANALYSIS
for the year ended 30 June 2015
PROPERTY PORTFOLIO
Business segment
Location
Rentable area
m
2
Total value
R000
Value attributable
to Hyprop
R000
30 June 2015
Canal Walk
Cape Town
156 689
8 416 000
6 732 800
Super regional
156 689
8 416 000
6 732 800
Clearwater
Johannesburg
86 081
3 944 000
3 944 000
The Glen
Johannesburg
79 665
3 100 000
2 329 830
Somerset Mall
Cape Town
66 354
2 450 000
2 450 000
Woodlands Boulevard
Pretoria
71 659
2 296 000
2 296 000
Rosebank Mall
Johannesburg
80 712
2 495 000
2 495 000
CapeGate Regional
Cape Town
63 700
1 534 000
1 534 000
Large regional
448 171
15 819 000
15 048 830
Hyde Park
Johannesburg
38 117
2 009 000
2 009 000
Regional
38 117
2 009 000
2 009 000
Atterbury Value Mart
Pretoria
47 785
1 112 000
1 112 000
Value centres
47 785
1 112 000
1 112 000
Shopping centres
690 762
27 356 000
24 902 630
Standalone offices
Johannesburg
4 510
98 000
98 000
Held for sale
(1)
84 800
1 225 775
1 225 775
Sold during 2015
Investment property
780 072
28 679 775
26 226 405
Manda Hill Mauritius
70 893
African Land
10 103
Hyprop Mauritius
2 258 125
Hyprop Investment Employee Incentive Scheme
Word4Word
Fund management
Net interest
Straight-line rental income accrual
780 072
28 679 775
28 565 526
Reconciliation to statement of financial position
Centre management assets
2 274
Held for sale
(3)
9 287
Investment in associate
827
Derivative instruments
53 132
Other current assets
224 750
28 855 796
Reconciliation to statement of comprehensive income
A reconciliation of distributable earnings to net income after
taxation is as follows:
Distributable earnings
Change in fair value of investment property
Change in fair value of derivatives
Profit on disposal of investment property
Loss on disposal of investments
Impairment of goodwill
Net income – Hyprop Mauritius
– African Land
– South African subsidiaries
– Joint ventures
– Associates
Dividends received – Hyprop Mauritius
– Word4Word
Capital items not included for distribution purposes
Taxation
Net income after taxation
Shares in issue for distribution per share (excludes treasury shares)
Refer to note 14
Distribution per share (based on distributable earnings)
Note
(1)
Willowbridge, Somerset Value Mart, Lakefield Office Park, Glenwood Office Park and Glenfield Office Park
(2)
Based on 2015 net property income
(3)
Working capital held for sale
148
Hyprop Investments Limited
Integrated Report 2015
FINANCIAL STATEMENTS