135 / 160
133
Hyprop Investments Limited
Group annual financial statements 2016
19.
Deferred taxation
Note
GROUP
June 2016
R000
GROUP
June 2015
R000
Arising on:
Building appurtenances and tenant installations
154 636
127 641
Taxation loss
(78 960)
(74 843)
Investment property
91 479
Shareholder loans – Gruppo Investments Nigeria Limited
(16 523)
Other temporary differences
(4 123)
Balance at end of year
146 509
52 798
Reconciliation of the movement in the deferred taxation liability
Opening balance – 1 July
52 798
45 747
Reallocation from prior year
(555)
Acquired through business combination
33.2
47 909
FCTR adjustment
2 799
Movement through profit or loss
43 558
7 051
Building appurtenances and tenant installations
16 210
3 358
Fair value on investment property
3 346
Prior year deferred taxation adjustment
6 099
Income received in advance and other
678
16
Shareholder loans – Gruppo Investments Nigeria Limited
16 562
Utilisation of taxation loss and other temporary differences
663
3 677
Balance at end of year
146 509
52 798
Deferred taxation on temporary differences was calculated at 28% (2015: 28%) in respect
of South African balances (Ikeja City Mall: 30% (investment property: 10%)).
20.
Trade and other payables
Trade payables and accrued expenses
179 339
123 198
Tenant deposits
86 752
51 351
Gift cards
9 493
7 317
Interest payable
91 299
49 216
Phantom share scheme liability
1 911
Receivables with credit balances
67 177
51 526
VAT
20 632
17 691
Municipal provisions
45 853
60 680
Other payables and provisions
25 858
15 027
Balance at end of year
526 403
377 917
The prior year groupings have been restated to reflect greater category detail in line with the
current year disclosures. The total payables amount has not been affected.
21.
Interest earned
From positive bank balances
75 446
5 432
From loans receivable
248 313
151 912
323 759
157 344
22.
Interest incurred
Interest-bearing borrowings
691 966
511 463
Interest capitalised
2.2
(2 031)
(2 472)
689 935
508 991