NOTES TO THE FINANCIAL STATEMENTS – NOTE 10

10. Loans receivable
    GROUP
June 2015
R000		   GROUP
June 2014
R000		   COMPANY
June 2015
R000		   COMPANY
June 2014
R000		  
  AttAfrica – Rand equivalent of US Dollar loan 1 739 053   812 459          
  The loan repayment date is 30 June 2020 and represents Hyprop’s shareholder loan funding to AttAfrica.                
  The loan is unsecured and bears interest at an initial rate of 8%, escalating at 4% per annum.                
  Hyprop Mauritius has a 37,5% equity interest in AttAfrica.                
  Manda Hill Mauritius – Rand equivalent of US Dollar loan 519 072              
  The loan is unsecured, bears interest at a variable rate which equates to Hyprop Mauritius’ 50% share of distributable income from Manda Hill Mauritius. The loan is not payable in the next 12 months.                
  African Land         3 318      
  The loan is unsecured, bears no interest and is repayable on demand.                
  Portion 113 Weltevreden Proprietary Limited, a company associated with Abland Proprietary Limited (Abland) 7 484   47 145   7 484   47 145  
  The loan was advanced to Abland in 2008 to facilitate the acquisition by Abland of its 10% interest in Stoneridge. This loan is repayable on the transfer date of Stoneridge Shopping Centre, bears interest at a rate linked to the prime rate. Interest is payable monthly in arrears.                
  Redefine Properties Limited 45 904       45 904      
  Redefine entered into an agreement with Hyprop to purchase Stoneridge Shopping Centre. The effective date of the transaction was 1 April 2015, when all risks and rewards relating to the shopping centre were transferred to Redefine. Transfer has not yet taken place and the amount outstanding at year-end will be received on transfer date. Hyprop earns interest on the outstanding amount at 8% per annum, from the effective date to the transfer date.                
  Hyprop Mauritius – wholly owned subsidiary of Hyprop         9 993   188  
  The loan is unsecured, bears no interest and is repayable on demand.                
  Hyprop Investments Employee Incentive Scheme – wholly owned subsidiary of Hyprop         382      
  The loan is unsecured and bears no interest. The loan relates to a dividend declared on 30 June 2015 to Hyprop.                
  Attacq 369   341   369   341  
  The loan relates to Attacq’s portion of a claim relating to the African Land acquisition. The loan bears interest at 8,3% per annum and is repayable when the claim is settled, which is anticipated to be within the next 12 months.                
    2 311 882   859 945   67 450   47 674  
  Reconciliation to the statements of financial position                
  Non-current loans receivable 2 258 125   812 459          
  Current loans receivable 53 757   47 486   67 450   47 674  
  Total 2 311 882   859 945   67 450   47 674