Reconciliation of attributable net profit for the year to distributable earnings

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   Audited 
12 months 
30 June 2019 
R’000 
Audited 
12 months 
30 June 2018 
R’000
 
  
Total profit for the year attributable to shareholders of the company  164 922  2 529 466    
Adjusted for:  1 737 746  (624 952)   
   Change in fair value – investment property  471 349  (646 021)   
   Change in fair value – derivative instruments  46 102  (29 085)   
   Change in fair value – financial asset  85 229  (87 761)   
   Change in fair value – loans receivable at FVTPL  105 809       
   Derecognition of financial guarantee  (185 686) (11 984)   
   Profit on disposal of investment property  (2 825) (2 697)   
   Impairment of loans receivable  1 350 727  176 544    
   Other impairments  29 964       
   Taxation  (93 028) 39 486    
   Capital and other items  (951) (5 832)   
   Income from sub-Saharan Africa*  (68 944) (57 602)   
Distributable earnings  1 902 668  1 904 514    
* Net effect of converting IFRS earnings to distributable earnings