126 / 148
Notes to the consolidated
financial statements
continued
for the year ended 30 June 2017
124
Hyprop Investments Limited
Integrated annual report and consolidated financial statements
2017
19.
Deferred taxation
Note
June 2017
R000
June 2016
R000
Arising on:
Building appurtenances and tenant installations
152 307
154 636
Taxation loss
(78 122)
(78 960)
Investment property
72 618
91 479
Shareholder loans – Gruppo Investments Nigeria Limited
4 105
(16 523)
Other temporary differences
(11 309)
(4 123)
139 599
146 509
Reconciliation of the movement in the deferred taxation liability
Opening balance – 1 July
146 509
52 798
Reallocation from prior year
(555)
Acquired through business combination
47 909
Sale of subsidiary
(184)
FCTR adjustment
(8 352)
2 799
Movement through profit and loss
1 626
43 558
Building appurtenances and tenant installations
12 036
16 210
Reversal of wear and tear allowances on asset sales
(14 297)
Fair value on investment property
(8 154)
3 346
Prior year deferred taxation adjustment
(912)
6 099
Income received in advance and other
678
Shareholder loans – Gruppo Investments Nigeria Limited
18 694
16 562
Utilisation of taxation loss and other temporary differences
(5 741)
663
Balance at end of year
139 599
146 509
Deferred taxation on temporary differences was calculated at 28% (2016: 28%) in respect of South African amounts. (Ikeja City Mall temporary
differences: 30% (2016: 30%); Ikeja City Mall Investment property: 10% (2016: 10%)).
20.
Trade and other payables
Trade payables and accrued expenses
139 407
179 339
Tenant deposits
78 038
86 752
Gift cards
11 642
9 493
Interest payable
93 044
91 299
Rent received in advance
70 110
67 177
VAT
21 275
20 632
Municipal provisions
41 691
45 853
Other payables and provisions
34 474
25 858
489 681
526 403
21.
Interest earned
From positive bank balances
61 977
75 446
From loans receivable
232 200
248 313
294 177
323 759
22.
Interest incurred
Interest-bearing borrowings
631 551
691 966
Interest capitalised
2.2
(872)
(2 031)
630 679
689 935