Hyprop Investments Limited Integrated annual report 2016

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Hyprop Investments Limited
Integrated annual report 2016
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REMUNERATION REPORT continued
Disclosure of CUP* – Pieter Prinsloo and Laurence Cohen
Conditional
shares granted Date issued Vesting date
Pieter Prinsloo
Performance shares 20 153 1/1/2014 1/1/2017
Retention shares 8 637 1/1/2014 1/1/2019
Performance shares 21 845 7/1/2014 7/1/2017
Retention shares 9 362 7/1/2014 7/1/2019
Performance shares 15 794 7/1/2015 7/1/2018
Retention shares 6 769 7/1/2015 7/1/2020
Total 82 560
Laurence Cohen
Performance shares 11 105 1/1/2014 1/1/2017
Retention shares 4 759 1/1/2014 1/1/2019
Performance shares 11 769 7/1/2014 7/1/2017
Retention shares 5 044 7/1/2014 7/1/2019
Performance shares 8 509 7/1/2015 7/1/2018
Retention shares 3 647 7/1/2015 7/1/2020
Total 44 833
* To date, no shares have vested for the two executive directors
Employee earnings ratio
Performance per employee by net operating income and distributable income, as a measure of productivity, is benchmarked annually against peers.
Number of permanent employees Net operating income per employee Net distributable income per employee
2016 2015
2016
R000
2015
R000
2016
R000
2015
R000
232 199 7 076 7 029 6 561 6 631
1% increase
year on year
(1%) decrease
year on year
Total compensation paid to employees**
2016
R000
2015
R000
Total salaries paid
Total compensation paid to employees 123 295 109 519
Average annual payment per employee 455 456
** Including permanent, temporary and contract employees
Employees earning above the Basic Conditions of Employment Act (BCEA) threshold received an average 6% annual salary increase from 1 January 2016.
Employees earning below the BCEA threshold received an average 7% salary increase from 1 January 2016.