Hyprop Investments Limited Integrated annual report 2016

Hyprop Investments Limited

Integrated annual report 2016

FIVE-YEAR REVIEW

at 30 June 2016

30 June

2016

(2)

R000

30 June

2015

(2)

R000

30 June

2014

(2)

R000

30 June

2013

(1)

R000

31 December

2012

(2)

R000

Revenue

3 078 221

2 703 034

2 514 779

1 099 489

2 177 625

Investment property income

2 976 420

2 642 949

2 432 459

1 008 671

2 016 184

Straight-line rental income accrual

101 801

60 085

45 055

15 879

9 208

Listed property securities income

37 265

74 939

152 233

Property expenses

(993 861)

(887 918)

(837 822)

(347 277)

(714 284)

Net property income

2 084 360

1 815 116

1 676 957

752 212

1 463 341

Other operating expenses

(76 593)

(64 611)

(82 480)

(27 729)

(53 885)

Net interest

(366 176)

(351 647)

(394 721)

(191 723)

(404 827)

Received

323 759

157 344

65 645

17 234

22 180

Paid

(689 935)

(508 991)

(460 366)

(208 957)

(427 007)

Net operating income

1 641 591

1 398 858

1 199 756

532 760

1 004 629

Change in fair value

1 217 049

2 426 584

1 532 852

1 403 721

1 273 905

Investment property

1 382 134

2 467 113

1 655 897

1 198 105

1 137 924

Straight-line rental income accrual

(101 801)

(60 085)

(45 055)

(15 879)

(9 208)

Investment in joint venture

(10 102)

Listed property securities (on disposal)

(82 266)

(2 842)

315 259

Derivative instruments

(53 182)

19 556

4 276

224 337

(170 070)

(Loss)/profit on disposal

(5 768)

190 760

28 061

(15 221)

Investment in subsidiary

(30 011)

Investment property

24 243

4 460

(11 886)

Listed property securities

168 869

27 971

(3 335)

Associate

17 431

Amortisation of debenture premium

102 806

49 119

487 925

Impairment of goodwill

(4 280)

(7 779)

Gain on bargain purchase (African Land)

102 895

Non-core income

1 009

Income before debenture interest

2 858 640

3 815 394

3 121 290

2 014 670

2 751 238

Debenture interest

(1 147 443)

(517 831)

(994 333)

Net income before equity-accounted

investments

2 858 640

3 815 394

1 973 847

1 496 839

1 756 905

Share of loss from joint ventures

(41 007)

(17 447)

Share of income from associate

457

652

462

4 262

144

Profit before taxation

2 818 090

3 798 599

1 974 309

1 501 101

1 757 049

Taxation

(50 930)

(19 023)

(17 719)

2 239 008

(753 169)

Profit for the year/period

2 767 160

3 779 576

1 956 590

3 740 109

1 003 880

Non-controlling interest

(16 313)

(8 103)

Total profit/(loss) for the year/period

attributable to shareholders (2011 to 2014:

unitholders) of the company

2 750 847

3 779 576

1 948 487

3 740 109

1 003 880

Investment property at fair value

(3)

28 822 198

25 000 630

22 230 404

18 655 496

17 480 030

Distribution per share (2012 to 2014: combined

unit) (cents)

619,9

543,0

472,0

213,0

409,0

(1)

Six months

(2)

12 months

(3)

Excludes investment property held-for-sale