NOTES TO THE FINANCIAL STATEMENTS – NOTE 31

31. Commitments
    GROUP
June 2015
R000		   GROUP
June 2014
R000		   COMPANY
June 2015
R000		   COMPANY
June 2014
R000		  
31.1 Capital commitments                
  Approved and committed 135 442   334 470   135 442   334 470  
  Approved but not yet committed 145 493   80 895   145 493   67 534  
    280 935   415 365   280 935   402 004  
  Capital commitments approved and committed comprise the following:                
  Development costs                
  – Clearwater 37 270   7 526   37 270   7 526  
  – Somerset Mall 36 627       36 627      
  – Hyde Park 28 062   20 565   28 062   20 565  
  – Rosebank Mall 10 735   287 502   10 735   287 502  
  – Woodlands Boulevard 7 530       7 530      
  – Canal Walk 7 288   13 073   7 288   13 073  
  – Mall Offices 5 522       5 522      
  – The Glen 1 716   1 748   1 716   1 748  
  – Atterbury Value Mart 317   4 056   317   4 056  
  – CapeGate Regional 251       251      
  – Willowbridge 101       101      
  – Somerset Value Mart 23       23      
    135 442   334 470   135 442   334 470  
  Capital commitments approved but not yet committed 145 493   80 895   145 493   67 534  
  The above expenditure will be financed out of available cash resources, banking facilities and debt capital market funding.
31.2 Operating expense commitments

Hyprop has entered into various service contracts for the cleaning, upkeep and general maintenance of its investment property portfolio.
  Contracts which can be terminated on one month’s notice have been included for one month only.
      GROUP
June 2015
R000		   GROUP
June 2014
R000		   COMPANY
June 2015
R000		   COMPANY
June 2014
R000		  
    Operating expense commitments payable to service providers in future years have been classified as follows:                
    – Short-term contracts (up to one year) 1 534   1 730   1 534   1 257  
    – Medium-term contracts (greater than one year and up to five years) Nil   Nil   Nil   Nil