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STATEMENTS OF COMPREHENSIVE INCOME
for the year ended 30 June 2015
Note
GROUP
June 2015
R000
GROUP
June 2014
R000
COMPANY
June 2015
R000
COMPANY
June 2014
R000
Revenue
2 703 034
2 514 779
2 677 227
2 421 819
Investment property income
2 642 949
2 432 459
2 617 142
2 339 499
Straight-line rental income accrual
60 085
45 055
60 085
45 055
Listed property securities income
37 265
37 265
Property expenses
(887 918)
(837 822)
(864 955)
(809 799)
Net property income
1 815 116
1 676 957
1 812 272
1 612 020
Other operating expenses
(64 611)
(82 480)
(59 880)
(56 404)
Operating income
1 750 505
1 594 477
1 752 392
1 555 616
Net interest
(351 647)
(394 721)
(417 178)
(401 484)
Received
22
157 344
65 645
10 328
19 678
Paid
23
(508 991)
(460 366)
(427 506)
(421 162)
Net operating income
24
1 398 858
1 199 756
1 335 214
1 154 132
Change in fair value
2 426 584
1 532 852
2 442 673
1 492 693
Investment property
2
2 467 113
1 655 897
2 467 113
1 613 720
Straight-line rental income accrual
2
(60 085)
(45 055)
(60 085)
(45 055)
Listed property securities (on disposal)
(82 266)
(82 266)
Derivative instruments
19
19 556
4 276
35 645
6 294
(Loss)/profit on disposal
(5 768)
190 760
24 243
194 729
Investment property
24 243
4 460
24 243
4 460
Listed property securities
13
168 869
168 869
Associate
13
17 431
21 400
Subsidiary
4.3
(30 011)
Amortisation of debenture premium
17
102 806
102 806
Impairment of investment in subsidiary
(4 280)
(7 779)
Impairment of goodwill
9
(4 280)
(7 779)
Impairment of intercompany loan
(5 682)
Gain on bargain purchase (African Land)
34
102 895
Income before debenture interest and taxation
3 815 394
3 121 290
3 797 850
2 930 899
Debenture interest
(1 147 443)
(1 147 798)
Net income before equity-accounted investments
3 815 394
1 973 847
3 797 850
1 783 101
Share of loss from joint ventures
6
(17 447)
Share of income from associate
7
652
462
Dividends received
4.2
44 872
36 943
Profit before taxation
3 798 599
1 974 309
3 842 722
1 820 044
Taxation
27
(19 023)
(17 719)
(6 637)
(15 959)
Current taxation
(12 386)
(1 982)
(62)
Deferred taxation
(6 637)
(15 737)
(6 637)
(15 897)
Profit for the year
3 779 576
1 956 590
3 836 085
1 804 085
Other comprehensive income
Items that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operations
16
5 329
8 894
Total comprehensive income for the year
3 784 905
1 965 484
3 836 085
1 804 085
Total profit for the year attributable to:
Shareholders (2014: unitholders) of the company
3 779 576
1 948 487
3 836 085
1 804 085
Non-controlling interest
8 103
Profit for the year
3 779 576
1 956 590
3 836 085
1 804 085
Total comprehensive income for the year attributable to:
Shareholders (2014: unitholders) of the company
3 784 905
1 956 248
3 836 085
1 804 085
Non-controlling interest
9 236
Total comprehensive income for the year
3 784 905
1 965 484
3 836 085
1 804 085
Basic and diluted earnings per share (2014: combined unit) (cents)
29
1 553,7
1 273,0
83
Hyprop Investments Limited
Integrated Report 2015