Hyprop Investments Limited Integrated annual report 2017

142

Hyprop Investments Limited

Integrated annual report and consolidated financial statements

2017

Segmental

analysis

continued

for the year ended 30 June 2017

Reconciliation to statement of profit or loss and other comprehensive income

A reconciliation of distributable earnings to net income after taxation is as follows:

June 2017

R000

June 2016

R000

Distributable earnings

(1)

1 723 572

1 522 221

Adjusted for:

Antecedent dividend

(16 704)

Change in fair value of investment property

1 181 786

1 382 134

Change in fair value of derivatives

(5 074)

(53 182)

Profit on disposal of investment property

2 031

Loss on disposal of investments

(2 557)

Change in fair value of joint venture

10 103

(10 102)

Impairment of goodwill

(18 134)

Investments in sub-Saharan Africa (excluding SA)

32 642

35 487

Investments in South African subsidiaries

(1 212)

(1 560)

Investments in South-Eastern Europe

44 221

(24 572)

Impairment of loan

(25 377)

Recognition of financial guarantee

(163 855)

Loss on vesting of shares

(5 048)

Capital items not included for distribution purposes

(1 106)

(15 632)

Taxation

(4 340)

(50 930)

Total profit for the year attributable to: Shareholders of the company

2 767 652

2 767 160

Shares in issue for distribution per share (excludes treasury shares)

247 899 032

248 030 619

Refer to

note 14 – Stated capital

Distribution per share (based on distributable earnings)

695,1

619,9

(1)

This amount differs to the actual dividend due to rounding of the dividend per share. Refer to

note 27 – Dividends