Five-year review
at 30 June 2017
| 30 June 2017(2) R000 |
30 June 2016(2) R000 |
30 June 2015(2) R000 |
30 June 2014(2) R000 |
30 June 2013(1) R000 |
||
|---|---|---|---|---|---|---|
Revenue |
3 167 649 | 3 078 221 | 2 703 034 | 2 514 779 | 1 099 489 | |
Investment property income |
3 128 062 | 2 976 420 | 2 642 949 | 2 432 459 | 1 008 671 | |
Straight-line rental income accrual |
39 587 | 101 801 | 60 085 | 45 055 | 15 879 | |
Listed property securities income |
37 265 | 74 939 | ||||
Property expenses |
(1 073 877) | (993 861) | (887 918) | (837 822) | (347 277) | |
Net property income |
2 093 772 | 2 084 360 | 1 815 116 | 1 676 957 | 752 212 | |
Other operating expenses |
(78 232) | (76 593) | (64 611) | (82 480) | (27 729) | |
Net interest |
(336 502) | (366 176) | (351 647) | (394 721) | (191 723) | |
Received |
294 177 | 323 759 | 157 344 | 65 645 | 17 234 | |
Paid |
(630 679) | (689 935) | (508 991) | (460 366) | (208 957) | |
Net operating income |
1 679 038 | 1 641 591 | 1 398 858 | 1 199 756 | 532 760 | |
Change in fair value |
983 372 | 1 217 049 | 2 426 584 | 1 532 852 | 1 403 721 | |
Investment property |
1 181 786 | 1 382 134 | 2 467 113 | 1 655 897 | 1 198 105 | |
Straight-line rental income accrual |
(39 587) | (101 801) | (60 085) | (45 055) | (15 879) | |
Financial guarantee |
(163 855) | |||||
Investment in joint venture |
10 102 | (10 102) | ||||
Listed property securities (on disposal) |
(82 266) | (2 842) | ||||
Derivative instruments |
(5 074) | (53 182) | 19 556 | 4 276 | 224 337 | |
(Loss)/profit on disposal |
(526) | (5 768) | 190 760 | 28 061 | ||
Investment in subsidiary |
(2 557) | (30 011) | ||||
Investment property |
2 031 | 24 243 | 4 460 | 90 | ||
Listed property securities |
168 869 | 27 971 | ||||
Associate |
17 431 | |||||
Amortisation of debenture premium |
102 806 | 49 119 | ||||
Impairment of shareholder loan |
(25 377) | |||||
Impairment of goodwill |
(18 134) | (4 280) | (7 779) | |||
Gain on bargain purchase (African Land) |
102 895 | |||||
Other income |
36 931 | 1 009 | ||||
Income before debenture interest |
2 655 304 | 2 858 640 | 3 815 395 | 2 915 589 | 1 964 543 | |
Debenture interest |
(1 147 443) | (517 831) | ||||
Net income before equity-accounted investments |
2 655 304 | 2 858 640 | 3 798 599 | 1 973 847 | 1 446 712 | |
Share of loss from joint ventures |
(50 380) | (41 007) | (17 447) | |||
Share of income from associate |
457 | 652 | 462 | 4 262 | ||
Dividends received |
146 350 | |||||
Profit before taxation |
2 751 274 | 2 818 090 | 3 798 599 | 1 974 309 | 1 450 974 | |
Taxation |
(4 340) | (50 930) | (19 023) | (17 719) | 2 239 008 | |
Profit for the year/period |
2 746 934 | 2 767 160 | 3 779 576 | 1 956 590 | 3 689 982 | |
Non-controlling interest |
20 718 | (16 313) | (8 103) | |||
Total profit for the year/period attributable to shareholders (2013 and 2014: unitholders) of the company |
2 767 652 | 2 750 847 | 3 779 576 | 1 948 487 | 3 689 982 | |
Investment property at fair value(3) |
29 825 333 | 28 822 197 | 25 000 630 | 22 230 404 | 18 655 496 | |
Distribution per share (2013 and 2014: combined unit) (cents) |
695 | 620 | 543 | 472 | 213 |
| (1) | Six months |
| (2) | 12 months |
| (3) | Excludes investment property held-for-sale |