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