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Hyprop Investments Limited
Group annual financial statements 2016
154
SEGMENTAL ANALYSIS
continued
Reconciliation to statement of profit or loss and other comprehensive income
A reconciliation of distributable earnings to net income after taxation is as follows:
GROUP
June 2016
R000
GROUP
June 2015
R000
Distributable earnings
1 522 221
(1)
1 319 619
Adjusted for:
Antecedent dividend (refer to
note 37.3 – Issue of shares and antecedent dividend)
(16 704)
Change in fair value of investment property
1 382 134
2 467 113
Change in fair value of derivatives
(53 182)
19 556
Profit on disposal of investment property
24 243
Loss on disposal of investments
(30 011)
Change in fair value of joint venture
(10 102)
(4 280)
Investments in sub-Saharan Africa (excluding SA)
35 487
(8 444)
Investments in South African subsidiaries
(1 560)
11 424
Investments in South-Eastern Europe
(24 572)
Capital items not included for distribution purposes
(15 632)
(621)
Taxation
(50 930)
(19 023)
Net income after taxation
2 767 160
3 779 576
Shares in issue for distribution per share (excludes treasury shares)
248 030 619
242 990 433
Refer to financial director’s report on page 23
Distribution per share (based on distributable earnings)
619,9
543,0
(1)
This amount differs to the actual dividend disclosed due to rounding of the dividend per share. Refer to note 27 – Dividends
for the year ended 30 June 2016