Condensed consolidated statement of comprehensive income

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    Unaudited
six months
31 December
2016
R000
   Unaudited
six months
31 December
2015
R000
  Audited
12 months
30 June
2016
R000
 
Revenue 1 621 331   1 479 642   3 078 221   
    Investment property income 1 590 208   1 412 254   2 976 420  
    Straight-line rental income accrual 31 123   67 388   101 801  
Property expenses (544 095)   (464 865)   (993 861)  
Net property income 1 077 236   1 014 777   2 084 360  
Other operating expenses (48 185)   (36 644)   (76 593)  
Operating income 1 029 051   978 133   2 007 767  
Net interest (172 406)   (158 441)   (366 176)  
    Received 160 423   124 963   323 759  
    Paid (332 829)   (283 404)   (689 935)  
Net operating income 856 645   819 692   1 641 591  
Other income 17 505          
Change in fair value 619 973   1 096 427   1 217 049  
    Investment property 590 391   994 335   1 382 134  
    Straight-line rental income accrual (31 123)   (67 388)   (101 801)  
    Investment in joint venture 10 102       (10 102)  
    Derivative instruments 50 603   169 480   (53 182)  
Loss on disposal (2 934)          
    Investment property (377)          
    Investment in subsidiary (2 557)          
Impairment of goodwill (18 134)          
Net income before equity-accounted investments 1 473 055   1 916 119   2 858 640  
Share of income/(loss) from joint ventures     30 705   (41 007)  
Share of income from associate 96   195   457  
Dividends received 82 923          
Profit before taxation 1 556 074   1 947 019   2 818 090  
Taxation (3 710)   (857)   (50 930)  
Profit for the period/year 1 552 364   1 946 162   2 767 160  
Other comprehensive income            
Exchange differences on translation of foreign operations (14 771)   63 137   (1 491)  
Total comprehensive income for the period/year 1 537 593   2 009 299   2 765 669  
Total profit for the period/year attributable to:            
Shareholders of the company 1 577 849   1 946 870   2 750 847  
Non-controlling interests (25 485)   (708)   16 313  
Profit for the period/year 1 552 364   1 946 162   2 767 160  
Total comprehensive income attributable to:            
Shareholders of the company 1 572 409   1 992 234   2 752 041   
Non-controlling interests (34 816)   17 065   13 628   
Total comprehensive income for the period/year 1 537 593   2 009 299   2 765 669   
Profit for the period/year 1 577 849   1 946 870   2 767 160  
Earnings 1 577 849   1 946 870   2 767 160  
Headline earnings adjustments (600 144)   (994 335)   (1 372 032)  
    Change in fair value of investment property (611 110)   (994 335)   (1 382 134)  
    Change in fair value of investment in joint venture (10 102)       10 102  
    Loss on disposal: Investment in subsidiary 2 557          
                              Investment property 377          
Impairment of goodwill 18 134          
Headline earnings 977 705   952 535   1 395 128  
Distributable earnings adjustments (116 281 )   (229 253)   127 093  
    Change in fair value: Derivative instruments (50 602)   (169 480)   53 182  
    Investments in sub-Saharan Africa (excluding SA) (51 221)   (65 041)   (35 131)  
    Investments in South African subsidiaries 1 118   1 597   1 205  
    Investments in South-Eastern Europe (24 572)       24 572  
    Capital items 5 286   2 814   15 632  
    Taxation 2 734   857   7 371  
    Deferred taxation 976       43 558  
    Antecedent dividend         16 704  
Distributable earnings 861 424   723 282   1 522 221  
Total shares in issue 248 441 278   243 256 092   243 256 092  
Weighted average shares in issue 246 931 585   243 256 092   242 921 081  
Total shares in issue for dividend per share (excludes treasury shares) 248 030 619   242 845 433   248 030 619  
Basic earnings per share (cents) 639,0   800,3   1 139,1  
Headline earnings per share (cents) 395,9   392,2   574,3  
Diluted earnings per share (cents) 634,0   800,3   1 131,1  
Diluted headline earnings per share (cents) 391,2   392,2   567,3