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Hyprop Investments Limited
Integrated annual report and consolidated financial statements
2017
Consolidated statement of
profit or loss
and other comprehensive income
for the year ended 30 June 2017
Note
June 2017
R000
June 2016
R000
Revenue
3 167 649
3 078 221
Investment property income
3 128 062
2 976 420
Straight-line rental income accrual
39 587
101 801
Property expenses
23
(1 073 877)
(993 861)
Net property income
2 093 772
2 084 360
Other operating expenses
(78 232)
(76 593)
Operating income
2 015 540
2 007 767
Net interest
(336 502)
(366 176)
Earned
21
294 177
323 759
Incurred
22
(630 679)
(689 935)
Net operating income
23
1 679 038
1 641 591
Other income
36 931
Change in fair value
983 372
1 217 049
Investment property
2.2
1 181 786
1 382 134
Straight-line rental income accrual
2.2
(39 587)
(101 801)
Financial guarantee
7
(163 855)
Investment in joint venture
10 102
(10 102)
Derivative instruments
18
(5 074)
(53 182)
Profit/(loss) on disposal
(526)
Investment property
2 031
Subsidiary
(2 557)
Impairment of shareholder loan
(25 377)
Impairment of goodwill
9
(18 134)
Net income before equity-accounted investments
2 655 304
2 858 640
Share of loss from joint ventures
6.2
(50 380)
(41 007)
Share of income from associate
457
Dividends received
6.3
146 350
Profit before taxation
2 751 274
2 818 090
Taxation
26
(4 340)
(50 930)
Current taxation
(2 714)
(7 371)
Deferred taxation
(1 626)
(43 559)
Profit for the year
2 746 934
2 767 160
Other comprehensive income:
Items that may be reclassified subsequently to profit or loss
16
(27 623)
(1 491)
Exchange differences on translation of foreign operations
(12 380)
1 194
Exchange differences on translation of foreign operations: Non-controlling interest
16
(15 243)
(2 685)
Total comprehensive income for the year
2 719 311
2 765 669
Total profit for the year attributable to shareholders of the company
2 767 652
2 750 847
Non-controlling interest
(20 718)
16 313
Profit for the year
2 746 934
2 767 160
Total comprehensive income for the year attributable to shareholders of the company
2 755 272
2 752 041
Non-controlling interests
(35 961)
13 628
Total comprehensive income for the year
2 719 311
2 765 669
Basic earnings per share (cents)
28
1 118,5
1 139,1
Diluted earnings per share (cents)
28
1 110,8
1 131,1