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13. Non-current assets classified as held for sale
continued
Note
GROUP
June 2015
R000
GROUP
June 2014
R000
COMPANY
June 2015
R000
COMPANY
June 2014
R000
Total investment property classified as held for sale
Assets
1 235 062
1 758 991
1 235 062
1 758 991
Investment property
2.1
1 218 899
1 731 000
1 218 899
1 731 000
Building appurtenances and tenant installations
6 876
7 390
6 876
7 390
Trade and other receivables
6 504
17 646
6 504
17 646
Cash and cash equivalents
2 783
2 955
2 783
2 955
Liabilities*
21 567
53 755
21 567
53 755
Trade and other payables
21 567
53 755
21 567
53 755
Classified as held for sale in the statements of financial
position
1 213 495
1 705 236
1 213 495
1 705 236
* Liabilities directly associated with non-current assets held for sale have been disclosed separately on the face of the statements of financial position
in accordance with IFRS 5
Non-current Assets Held for Sale
. Prior year comparatives were reclassified accordingly.
Movement in assets held for sale
Investment property, building appurtenances and
tenant installations
Opening balance
1 738 390
1 738 390
Disposal
30.6
(768 186)
(768 186)
Additions (includes cost and fair value adjustments)
74 345
74 345
Depreciation
(3 588)
(3 588)
Transfer to held for sale
184 812
1 738 390
184 812
1 738 390
Closing balance
1 225 773
1 738 390
1 225 773
1 738 390
Working capital
Opening balance
(33 154)
(33 154)
Disposal
6 100
6 100
Additions
30.2
14 740
14 740
Transfer to held for sale
36
(33 154)
36
(33 154)
Closing balance
(12 278)
(33 154)
(12 278)
(33 154)
Classified as held for sale in the statements of financial
position
1 213 495
1 705 236
1 213 495
1 705 236
Although, Willowbridge, Somerset Value Mart and the Pretoria standalone office parks were classified as held for sale at 30 June 2014,
Hyprop is confident that these properties will be sold.
No formal sale agreements are in place as at 30 June 2015, but Hyprop is in advanced discussions with potential purchasers.
The properties continue to be measured under IAS 40 and all requirements of IFRS 5 have been met.
119
Hyprop Investments Limited
Integrated Report 2015