NOTES TO THE FINANCIAL STATEMENTS – NOTE 5

5. Joint operations

The following is a summary of Hyprop’s undivided share in co-owned shopping centres at year-end#:

  GROUP
June 2015
R000		   GROUP
June 2014
R000		   COMPANY
June 2015
R000		   COMPANY
June 2014
R000		  
Canal Walk – 80% – Western Cape, South Africa                
Carrying value of investment property 6 732 800   6 064 000   6 732 800   6 064 000  
Current assets 63 972   12 923   63 972   12 923  
Current liabilities 61 495   52 340   61 495   52 340  
Net property income                
Investment property income 579 188   545 252   579 188   545 252  
Property expenses (166 880)   (165 998)   (166 880)   (165 998)  
Net property income 412 308   379 254   412 308   379 254  
The Glen – 75,15% – Gauteng, South Africa                
Carrying value of investment property 2 329 830   2 059 269   2 329 830   2 059 269  
Current assets 17 403   2 102   17 403   2 102  
Current liabilities 22 941   22 982   22 941   22 982  
Net property income                
Investment property income 218 999   214 218   218 999   214 218  
Property expenses (65 203)   (71 020)   (65 203)   (71 020)  
Net property income 153 796   143 198   153 796   143 198  

# Excludes Stoneridge which is disclosed in the held for sale note. Refer to note 13