Five-year review
at 30 June 2016
| 30 June 2016(2) R000 |
30 June 2015(2) R000 |
30 June 2014(2) R000 |
30 June 2013(1) R000 |
31 December 2012(2) R |
|||
|---|---|---|---|---|---|---|---|
|
Revenue |
3 078 221 | 2 703 034 | 2 514 779 | 1 099 489 | 2 177 625 | ||
|
Investment property income |
2 976 420 | 2 642 949 | 2 432 459 | 1 008 671 | 2 016 184 | ||
|
Straight-line rental income accrual |
101 801 | 60 085 | 45 055 | 15 879 | 9 208 | ||
|
Listed property securities income |
37 265 | 74 939 | 152 233 | ||||
|
Property expenses |
(993 861) | (887 918) | (837 822) | (347 277) | (714 284) | ||
|
Net property income |
2 084 360 | 1 815 116 | 1 676 957 | 752 212 | 1 463 341 | ||
|
Other operating expenses |
(76 593) | (64 611) | (82 480) | (27 729) | (53 885) | ||
|
Net interest |
(366 176) | (351 647) | (394 721) | (191 723) | (404 827) | ||
|
Received |
323 759 | 157 344 | 65 645 | 17 234 | 22 180 | ||
|
Paid |
(689 935) | (508 991) | (460 366) | (208 957) | (427 007) | ||
|
Net operating income |
1 641 591 | 1 398 858 | 1 199 756 | 532 760 | 1 004 629 | ||
|
Change in fair value |
1 217 049 | 2 426 584 | 1 532 852 | 1 403 721 | 1 273 905 | ||
|
Investment property |
1 382 134 | 2 467 113 | 1 655 897 | 1 198 105 | 1 137 924 | ||
|
Straight-line rental income accrual |
(101 801) | (60 085) | (45 055) | (15 879) | (9 208) | ||
|
Investment in joint venture |
(10 102) | ||||||
|
Listed property securities (on disposal) |
(82 266) | (2 842) | 315 259 | ||||
|
Derivative instruments |
(53 182) | 19 556 | 4 276 | 224 337 | (170 070) | ||
|
(Loss)/profit on disposal |
(5 768) | 190 760 | 28 061 | (15 221) | |||
|
Investment in subsidiary |
(30 011) | ||||||
|
Investment property |
24 243 | 4 460 | 90 | (11 886) | |||
|
Listed property securities |
168 869 | 27 971 | (3 335) | ||||
|
Associate |
17 431 | ||||||
|
Amortisation of debenture premium |
102 806 | 49 119 | 487 925 | ||||
|
Impairment of goodwill |
(4 280) | (7 779) | |||||
|
Gain on bargain purchase (African Land) |
102 895 | ||||||
|
Non-core income |
1 009 | ||||||
|
Income before debenture interest |
2 858 640 | 3 815 394 | 3 121 290 | 2 014 670 | 2 751 238 | ||
|
Debenture interest |
(1 147 443) | (517 831) | (994 333) | ||||
|
Net income before equity-accounted investments |
2 858 640 | 3 815 394 | 1 973 847 | 1 496 839 | 1 756 905 | ||
|
Share of loss from joint ventures |
(41 007) | (17 447) | |||||
|
Share of income from associate |
457 | 652 | 462 | 4 262 | 144 | ||
|
Profit before taxation |
2 818 090 | 3 798 599 | 1 974 309 | 1 501 101 | 1 757 049 | ||
|
Taxation |
(50 930) | (19 023) | (17 719) | 2 239 008 | (753 169) | ||
|
Profit for the year/period |
2 767 160 | 3 779 576 | 1 956 590 | 3 740 109 | 1 003 880 | ||
|
Non-controlling interest |
(16 313) | (8 103) | |||||
|
Total profit/(loss) for the year/period attributable to shareholders (2011 to 2014: unitholders) of the company |
2 750 847 | 3 779 576 | 1 948 487 | 3 740 109 | 1 003 880 | ||
|
Investment property at fair value(3) |
28 822 198 | 25 000 630 | 22 230 404 | 18 655 496 | 17 480 030 | ||
|
Distribution per share (2012 to 2014: combined unit) (cents) |
619,9 | 543,0 | 472,0 | 213,0 | 409,0 |
| (1)Six months (2)12 months (3)Excludes investment property held-for-sale |