| NOTES TO THE FINANCIAL STATEMENTS l NOTE 4 |
|
4. |
Financial assets at fair value through profit and loss (listed property securities) |
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| |
|
|
GROUP
June 2014
R000 |
|
GROUP
June 2013
R000 |
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COMPANY
June 2014
R000 |
|
COMPANY
June 2013
R000 |
|
| Movement for the year |
|
|
|
|
|
|
|
|
|
|
| Balance at beginning of year |
|
|
|
|
2 282 095 |
|
|
|
2 282 095 |
|
| Change in fair value |
|
|
|
|
(2 842) |
|
|
|
(2 842) |
|
| Transfer to asset held for sale |
|
|
|
|
(2 279 253) |
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|
|
(2 279 253) |
|
| Balance at end of year |
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|
|
|
0 |
|
|
|
0 |
|
| Hyprop's % interest: number of units held |
Stock exchange |
|
% held |
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% held |
|
% held |
|
% held |
|
Sycom Property Fund - units held: nil
(2013:-84 225 688) |
JSE |
|
0 |
|
29,9 |
|
0 |
|
29,9 |
|
The remaining Sycom units were sold during the year.
In the prior year Hyprop had pledged 75 328 391 Sycom units as security against a loan facility provided by Rand Merchant Bank (RMB). Subsequent to the Somerset Mall transaction, RMB released the pledged Sycom units. Refer to notes 13 and 18.
The investment in Sycom was reclassified to non-current assets held for sale in the prior year. Refer to note 13. |
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| NOTES TO THE FINANCIAL STATEMENTS l NOTE 4 |
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