Reconciliation of net income/(loss) before fair value adjustments to distributable earnings
| Download (EXCEL) |
| 6 months to 31 December 2019 | ||||
|---|---|---|---|---|
| SA | EE | S-SA | GROUP | |
| R'000 | R'000 | R'000 | R'000 | |
| Net income/(loss) before fair value adjustments | 700 108 | 136 653 | (21 155) | 815 606 |
| Adjustments to calculate distributable income | 35 499 | – | 5 794 | 41 293 |
| Straightline rental income accrual | 58 600 | – | 3 036 | 61 636 |
| Non-controlling interest | – | – | 6 161 | 6 161 |
| Taxation paid | – | – | – | – |
| Net interest adjustments | – | – | (3 403) | (3 403) |
| Other fair value adjustments – Edcon | (23 603) | – | – | (23 603) |
| Capital items for distribution purposes | 502 | – | – | 502 |
| Distributable income | 735 607 | 136 653 | (15 361) | 856 899 |
| % change | (12.9%) | 0.4% | (13.0%) | |
| Weighted average number of shares for calculating distributable income per share | 255 345 725 | |||
| Distributable income per share | 288.1 | 53.5 | (6.0) | 335.6 |
| % change | (12.8%) | 0.4% | (13.0%) | |
| Dividend pay-out ratio | 92% | |||
| Dividend per share | 308.7 | |||
| 6 months to 31 December 2018 | ||||
| SA | EE | S-SA | GROUP | |
|---|---|---|---|---|
| R'000 | R'000 | R'000 | R'000 | |
| Net income/(loss) before fair value adjustments | 833 073 | 136 153 | 47 127 | 1 016 353 |
| Adjustments to calculate distributable income | 11 609 | – | (42 722) | (31 113) |
| Straightline rental income accrual | 12 397 | – | 7 002 | 19 399 |
| Non-controlling interest | – | – | 14 544 | 14 544 |
| Taxation paid | – | – | (1 916) | (1 916) |
| Net interest adjustments | – | – | (62 352) | (62 352) |
| Other fair value adjustments – Edcon | – | – | – | – |
| Capital items for distribution purposes | (788) | – | – | (788) |
| Distributable income | 844 682 | 136 153 | 4 405 | 985 240 |
| % change | ||||
| Weighted average number of shares for calculating distributable income per share | 255 540 828 | |||
| Distributable income per share | 330.6 | 53.3 | 1.7 | 385.6 |
| % change | ||||
| Dividend pay-out ratio | 100% | |||
| Dividend per share | 385.6 | |||
| 12 months to 30 June 2019 | ||||
| SA | EE | S-SA | GROUP | |
| R'000 | R'000 | R'000 | R'000 | |
| Net income/(loss) before fair value adjustments | 1 627 268 | 266 016 | (95 513) | 1 797 771 |
| Adjustments to calculate distributable income | 67 743 | – | 37 154 | 104 897 |
| Straightline rental income accrual | 81 399 | – | 6 488 | 87 887 |
| Non-controlling interest | – | – | 30 959 | 30 959 |
| Taxation paid | – | – | (427) | (427) |
| Net interest adjustments | – | – | 134 | 134 |
| Other fair value adjustments – Edcon | (12 705) | – | – | (12 705) |
| Capital items for distribution purposes | (951) | – | – | (951) |
| Distributable income | 1 695 011 | 266 016 | (58 359) | 1 902 668 |
| % change | ||||
| Weighted average number of shares for calculating distributable income per share | 255 429 272 | |||
| Distributable income per share | 663.6 | 104.1 | (22.8) | 744.9 |
| % change | ||||
| Dividend pay-out ratio | 100% | |||
| Dividend per share | 744.9 | |||