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GROUP
June 2016
R000 |
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GROUP
June 2015
R000 |
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| Shareholder loan — AttAfrica — Rand equivalent of US Dollar loan |
2 633 939 |
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1 739 053 |
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| The loan represents Hyprop Mauritius’ shareholder loan funding to AttAfrica, and is repayable in June 2020. |
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| The loan is unsecured and bears interest at an initial rate of 8%, escalating at 4% per annum. HypropMauritius has a preferential right to receive interest on the loan to AttAfrica. |
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| Hyprop Mauritius has a 37,5% equity interest in AttAfrica. |
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| Shareholder loan — Manda Hill Mauritius — Rand equivalent of US Dollar loan |
624 617 |
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519 072 |
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| 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. |
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| Vondelvlag Holding loan — Rand equivalent of Euro loan |
12 844 |
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| The EUR1,02 million loan facility, of which EUR782 659 has been drawn down, is unsecured, bearsinterest at 3,15% payable quarterly and is repayable in April 2021. |
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| Vondelvlag Stichting loan — Rand equivalent of Euro loan |
1 889 |
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| The EUR150 000 loan facility, of which EUR115 097 has been drawn down, is unsecured, bearsinterestat 3,15% payable quarterly and is repayable in April 2021. |
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| Attacq Limited |
400 |
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369 |
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| 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 tobe within the next 12 months. |
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| Redefine Properties Limited |
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| Redefine entered into an agreement with Hyprop to purchase Stoneridge Shopping Centre. The amount was settled by Redefine on transfer of Stoneridge to Redefine. |
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45 904 |
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| Portion 113 Weltevreden Property Limited, a company associated with Abland Proprietary Limited(Abland) |
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7 484 |
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| The loan was advanced to Abland in 2008 to facilitate the acquisition by Abland of its 10% interest in Stoneridge. The loan was settled upon transfer of Stoneridge to Redefine. |
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3 273 689 |
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2 311 882 |
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| Reconciliation to the statement of financial position |
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| Non-current shareholder loans receivable* |
3 258 557 |
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2 258 125 |
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| Non-current loans receivable |
14 732 |
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| Current loans receivable |
400 |
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53 757 |
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| Total |
3273689 |
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2 311 882 |
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