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Hyprop Investments Limited
Group annual financial statements 2016
STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME
Note
GROUP
June 2016
R000
GROUP
June 2015
R000
Revenue
3 078 221
2 703 034
Investment property income
2 976 420
2 642 949
Straight-line rental income accrual
101 801
60 085
Property expenses
23
(993 861)
(887 918)
Net property income
2 084 360
1 815 116
Other operating expenses
(76 593)
(64 611)
Operating income
2 007 767
1 750 505
Net interest
(366 176)
(351 647)
Earned
21
323 759
157 344
Incurred
22
(689 935)
(508 991)
Net operating income
23
1 641 591
1 398 858
Change in fair value
1 217 049
2 426 584
Investment property
2.2
1 382 134
2 467 113
Straight-line rental income accrual
2.2
(101 801)
(60 085)
Investment in joint venture
(10 102)
Derivative instruments
18
(53 182)
19 556
Profit/(loss) on disposal
(5 768)
Investment property
24 243
Subsidiary
(30 011)
Impairment of investment in subsidiary
9
(4 280)
Net income before equity-accounted investments
2 858 640
3 815 394
Share of loss from joint ventures
6
(41 007)
(17 447)
Share of income from associate
7
457
652
Profit before taxation
2 818 090
3 798 599
Taxation
26
(50 930)
(19 023)
Current taxation
(7 371)
(12 386)
Deferred taxation
(43 559)
(6 637)
Profit for the year
2 767 160
3 779 576
Other comprehensive income:
Items that may be reclassified subsequently to profit or loss
16
(1 491)
5 329
Exchange differences on translation of foreign operations
1 194
5 329
Exchange differences on translation of foreign operations: Non-controlling interests
(2 685)
Total comprehensive income for the year
2 765 669
3 784 905
Profit for the year attributable to: Shareholders of the company
2 750 847
3 779 576
Non-controlling interests
16 313
Profit for the year
2 767 160
3 779 576
Total comprehensive income for the year attributable to: Shareholders of the company
2 752 041
3 784 905
Non-controlling interests
13 628
Total comprehensive income for the year
2 765 669
3 784 905
Basic earnings per share (cents)
28
1 139,1
1 553,7
Diluted earnings per share (cents)
28
1 131,1
1 553,7
for the year ended 30 June 2016