Statement of financial position

		Audited 30 June 2014 R’000		Audited 30 June 2013 R’000
ASSETS
Non-current assets		24 931 191		20 282 124
Investment property		23 998 182		19 782 728
Building appurtenances and tenant installations		82 692		63 065
Investment in associate		600		108
Goodwill		4 280		12 059
Loan receivable		812 459		384 307
Derivative instruments		32 978		39 857
Current assets		228 525		298 996
Receivables		103 686		224 175
Loan receivable		47 486
Cash and cash equivalents		77 353		74 821
Non-current assets held-for-sale		1 705 236		2 400 822
Investment property		1 705 236
Listed property securities				2 279 253
Investment in associate				121 569
Total assets		26 864 952		22 981 942
EQUITY AND LIABILITIES		12 905 543		10 814 409
Share capital and reserves		12 772 306		10 814 409
Non-controlling interest (African Land)		133 237
Liabilities
Non-current liabilities		10 992 517		10 341 977
Debentures and debenture premium		5 719 119		5 822 497
Interest-bearing liabilities		5 185 822		4 436 486
Derivative instruments		41 829		52 984
Deferred taxation		45 747		30 010
Current liabilities		2 966 892		1 825 556
Payables		367 984		359 725
Interest-bearing liabilities		2 013 031		948 000
Combined unitholders for distribution		585 877		517 831
Total liabilities		13 959 409		12 167 533
Total equity and liabilities		26 864 952		22 981 942
Net asset value per combined unit ( R )		76.02		68.43