| 16. |
Foreign currency translation reserve
The foreign currency translation reserve arises from the conversion of Hyprop Mauritius (and African Land as at 30 June 2014) from
their functional currency, US Dollar, to South African Rand on consolidation. Refer to note 4.
| |
GROUP
June 2015
R000 |
|
GROUP
June 2014
R000 |
|
COMPANY
June 2015
R000 |
|
COMPANY
June 2014
R000 |
|
| Opening balance |
8 074 |
|
313 |
|
|
|
|
|
| Movement |
5 329 |
|
8 894 |
|
|
|
|
|
| Non-controlling interest |
|
|
(1 133) |
|
|
|
|
|
|
13 403 |
|
8 074 |
|
|
|
|
|
The closing exchange rate at 30 June 2015 was R12,28:USD1 (2014: R10,58:USD1).
The average exchange rate for the 12 months ended 30 June 2015 was R11,45:USD1 (2014: R10,37:USD1). |