Integrated
Report

2019

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Summarised consolidated statement of profit or loss and other comprehensive income

for the year ended 30 June 2019

Audited  
30 June  
2019 
 
R'000
 
Restated 
Audited 
30 June 
2018 
R'000 
  
Gross revenue  2 283 244   1 982 374    
   Rental income  2 057 548   1 864 042    
   Straight-line lease income adjustment  197 124   88 467    
   Sale of inventory  28 572   29 865    
Property expenses  (780 690) (678 766)   
   Property expenses  (749 143) (653 848)   
   Cost of sales  (31 547) (24 918)   
Net profit from property operations  1 502 554   1 303 608    
Other income  89 532   44 970    
Operating expenses  (155 485) (170 254)   
Impairment losses  (505 148) (25 872)   
Other expenses  (170 138) (126 790)   
Operating profit  761 315   1 025 662    
Amortisation of intangible asset  (19 964) (24 037)   
Fair value adjustments  (801 735) 420 886    
   Investment properties  (665 110) 380 198    
   Other financial assets and liabilities  (135 761) 40 688    
   Other investments  (864) –    
Gain on available-for-sale financial assets    35 750    
Net income from associates and joint ventures  124 770   78 092    
Investment income  230 549   233 323    
Finance costs  (855 465) (813 868)   
(Loss) profit before taxation  (560 530) 955 808    
Income tax (expense) credit  (42 058) 1 747 472    
(Loss) profit for the year  (602 588) 2 703 280    
Attributable to: 
   Owners of the holding company  (602 588) 2 703 280    
Other comprehensive income 
Items that will be reclassified subsequently to profit and loss 
(Loss) gain on available-for-sale financial assets  (6 144) 27 686    
Taxation relating to components of other comprehensive income  (27 566)   
Realisation of available-for-sale financial assets    (32 336)   
Other comprehensive loss for the year net of taxation  (33 710) (4 648)   
Total comprehensive income for the year  (636 298) 2 698 632    
Attributable to: 
   Owners of the holding company  (636 298) 2 698 632    
Earnings per share  
   Basic (cents) (85.7)   384.5    
   Diluted (cents) (85.7)   381.5