Hyprop Integrated Report 2015

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and sufficiently addresses all material issues, and fairly presents the
integrated performance of Hyprop, its subsidiaries, joint ventures and
associates for the period, within the scope set out above.
The board has approved this integrated report.
Pieter Prinsloo Laurence Cohen Lindie Engelbrecht
Chief executive Financial director Audit committee
officer chairman
Forward-looking statement
This integrated report contains forward-looking statements that, unless
otherwise indicated, reflect our expectations as at 30 June 2015. Actual
results may differ materially from the group’s expectations if known
and unknown risks or uncertainties affect its business, or if estimates
or assumptions prove inaccurate. The group cannot guarantee that any
forward-looking statement will materialise and, accordingly, readers
are cautioned not to place undue reliance on these statements. The
group assumes no obligation to update or revise any forward-looking
statement if new information becomes available, other than as
stipulated by the JSE Listings Requirements.
Hyprop has applied many of the recommendations in the International
Integrated Reporting Committee’s 2013 framework. We have also
considered and applied, where practical, the latest guidelines and
disclosure standards of the Global Reporting Initiative (GRI G4).
In this reporting period, Hyprop compiled its second submission to
the Carbon Disclosure Project (CDP), a voluntary and comprehensive
international benchmark on environmental reporting, and its second
submission to the Global Real Estate Sustainability Benchmark (GRESB).
Materiality
As detailed on our website, the board has considered matters
deemed material to the business of Hyprop and its stakeholders, and
addressed issues that:
Q Have significant direct short, medium and long-term financial
impacts
Q Are agreed strategic policy items
Q Are peer-based norms
Q Are considered social norms, as indicated by current and likely
future regulations, and institutionalised norms and standards.
Assurance
Hyprop’s external auditors, Grant Thornton, have audited the financial
statements for the year ended 30 June 2015. Their unqualified audit
report is on page 78. The scope of the audit was limited to information
in the financial statements on pages 82 – 151. In line with best practice,
we take a combined view of our assurance activities to ensure all
material aspects are covered.
Board approval
The audit committee acknowledges its responsibility on behalf of the
board to ensure the integrity of the Hyprop integrated report 2015.
The committee has reviewed the report and believes it appropriately
Canal Walk, Cape Town
Contact point
We welcome your feedback on this report. Please direct this to:
Viki Jane Watson, Investor relations, +27 11 447 0090 or
1 Hyprop Investments Limited
Integrated Report 2015