Segmental analysis

FOR THE YEAR ENDED 30 JUNE 2015

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	South Africa
	Retail Rm	Office Rm	Industrial Rm	Australia Rm	Total as reported Rm	V&A Waterfront Rm	Other joint ventures1 Rm	Total Rm
Statement of profit or loss and other comprehensive income extracts 2015
Revenue, excluding straight-line lease income adjustment	1 995	2 752	1 149	1 844	7 740	553	19	8 312
Property expenses	(525)	(635)	(257)	(213)	(1 630)	(154)	(5)	(1 789)
Segment results	1 470	2 117	892	1 631	6 110	399	14	6 523
Material non-cash items:
Fair value adjustment — Investment property	896	772	202	1 077	2 947	480	19	3 446
Fair value adjustment — Investment property NCI	—	—	—	587	587	—	—	587
Impairment of goodwill	(949)	(569)	(40)	—	(1 558)	—	—	(1 558)
Total material non-cash items	(53)	203	162	1 664	1 976	480	19	2 475

	South Africa Rm	Australia Rm	Total as reported Rm	V&A Waterfront Rm	Other joint ventures1 Rm	Total Rm
Further extracts of statement of profit or loss and other comprehensive income
Other operating expenses and income	(222)	(81)	(303)	(16)	(3)	(322)
Finance costs	(1 663)	(423)	(2 086)	(28)	(11)	(2 125)
Finance and other investment income	909	7	916	8	—	924

	South Africa
	Retail Rm	Office Rm	Industrial Rm	Australia Rm	Total as reported Rm	V&A Waterfront Rm	Other joint ventures1 Rm	Total Rm
Statement of financial position extracts at 30 June 2015
— Investment property
Opening balance 1 July 2014	15 756	24 012	9 286	20 859	69 913	5 947	315	76 175
Acquisitions — Acucap portfolio	11 324	6 789	473	—	18 586	—	569	19 155
Acquisitions — other	—	755	21	637	1 413	25	—	1 438
Developments and capital expenditure	352	1 003	530	306	2 191	309	—	2 500
Disposals	(115)	(430)	(76)	(237)	(858)	—	(272)	(1 130)
Foreign exchange loss	—	—	—	(1 205)	(1 205)	—	—	(1 205)
Fair value adjustments	896	772	202	1 664	3 534	480	19	4 033
Fair value of total property assets — 30 June 2015	28 213	32 901	10 436	22 024	93 574	6 761	631	100 966
— Fair value of long-term property assets	28 213	32 432	10 366	22 024	93 035	6 761	631	100 427
— Investment property reclassified as held for sale	—	469	70	—	539	—	—	539

¹ Refer to notes 15.2 and 15.3

	South Africa Rm	Australia Rm	Total as reported Rm	V&A Waterfront Rm	Other joint ventures1 Rm	Total Rm
Further extracts of statement of financial position
Intangible assets	2 580	—	2 580	—	—	2 580
Opening balance 1 July 2014	1 258	—	1 258	—	—	1 258
Acquisition through business combinations	2 978	—	2 978	—	—	2 978
Impairment loss	(1 558)	—	(1 558)	—	—	(1 558)
Additions during the year	4	—	4	—	—	4
Amortisation for the year	(102)	—	(102)	—	—	(102)
Listed investments	380	—	380	—	—	380
Trade and other receivables	1 353	352	1 705	23	—	1 728
Cash and cash equivalents	253	252	505	129	3	637
Trade and other payables	(1 514)	(288)	(1 802)	(102)	(10)	(1 914)
Financial liabilities	(26 130)	(8 555)	(34 685)	(197)	(502)	(35 384)
— Nominal value — interest-bearing liabilities	(25 444)	(8 367)	(33 811)	(197)	(502)	(34 510)
— Fair value adjustment	(686)	(131)	(817)	—	—	(817)
— Foreign translation differences	—	(57)	(57)	—	—	(57)

	South Africa
	Retail Rm	Office Rm	Industrial Rm	Australia Rm	Total as reported Rm	V&A Waterfront Rm	Other joint ventures1 Rm	Total Rm
Statement of profit or loss and other comprehensive income extracts 2014
Revenue, excluding straight-line lease income adjustment	1 645	2 076	1 074	1 617	6 412	485	10	6 907
Property expenses	(459)	(494)	(235)	(196)	(1 384)	(129)	(2)	(1 515)
Segment results	1 186	1 582	839	1 421	5 028	356	8	5 392
Material non-cash items:
Fair value adjustment — Investment property	866	847	565	187	2 465	122	—	2 587
Fair value adjustment — Investment property NCI	—	—	—	101	101	—	—	101
Total material non-cash items	866	847	565	288	2 566	122	—	2 688

	South Africa Rm	Australia Rm	Total as reported Rm	V&A Waterfront Rm	Other joint ventures1 Rm	Total Rm
Further extracts of statement of profit or loss and other comprehensive income
Other operating expenses and income	(182)	(85)	(267)	(16)	—	(283)
Finance costs	(1 281)	(467)	(1 748)	(18)	(4)	(1 770)
Finance income	540	5	545	4	—	549

1 Refer to notes 15.2 and 15.3

	South Africa
	Retail Rm	Office Rm	Industrial Rm	Australia Rm	Total as reported Rm	V&A Waterfront Rm	Other joint ventures1 Rm	Total Rm
Statement of financial position extracts at 30 June 2014
— Investment property
Opening balance 1 July 2013	14 915	16 211	8 042	15 063	54 231	5 549	—	59 780
Acquisitions — Tiber portfolio	90	4 942	347	—	5 379	—	315	5 694
Acquisitions — Abseq portfolio	—	1 343	—	—	1 343	—	—	1 343
Acquisitions — other	1	284	205	3 452	3 942	—	—	3 942
Acquisitions — other developments and capital expenditure	270	543	234	416	1 463	276	—	1 739
Disposals	(386)	(158)	(107)	—	(651)	—	—	(651)
Foreign exchange gain	—	—	—	1 640	1 640	—	—	1 640
Fair value adjustments	866	847	565	288	2 566	122	—	2 688
Fair value of total property assets — 30 June 2014	15 756	24 012	9 286	20 859	69 913	5 947	315	76 175
— Fair value of long-term property assets	15 597	23 942	9 250	20 859	69 648	5 947	315	75 910
— Investment property reclassified as held for sale	159	70	36	—	265	—	—	265

	South Africa Rm	Australia Rm	Total as reported Rm	V&A Waterfront Rm	Other joint ventures1 Rm	Total Rm
Further extracts of statement of financial position
Intangible assets	1 258	—	1 258	—	—	1 258
Opening balance 1 July 2013	1 354	—	1 354	—	—	1 354
Additions during the year	6	—	6	—	—	6
Amortisation for the year	(102)	—	(102)	—	—	(102)
Listed investments	4 457	—	4 457	—	—	4 457
Trade and other receivables	874	157	1 031	32	5	1 068
Cash and cash equivalents	163	212	375	97	13	485
Trade and other payables	(1 161)	(265)	(1 426)	(81)	(5)	(1 512)
Financial liabilities	(17 239)	(8 895)	(26 134)	(196)	(131)	(26 461)
— Nominal value — interest-bearing liabilities	(16 368)	(8 677)	(25 045)	(196)	(131)	(25 372)
— Fair value adjustment	(871)	(149)	(1 020)	—	—	(1 020)
— Foreign translation differences	—	(69)	(69)	—	—	(69)

1 Refer to notes 15.2 and 15.3

	Greater Jhb Rm	Pretoria Rm	Western Cape Rm	Kwa- Zulu- Natal Rm	Eastern Cape Rm	North West Rm	Other Rm	Australia Rm	Total as reported Rm	V&A Water-front Rm	Other joint ventures Rm	Total Rm
Statement of profit or loss and other comprehensive income extracts 2015
Net property income, excluding straight-line lease income adjustment	2 571	381	830	386	151	115	45	1 631	6 110	399	14	6 523
Statement of financial position extracts 2015
Investment property
Opening fair value of property assets	27 853	5 033	8 414	4 218	1 621	1 435	480	20 859	69 913	5 947	315	76 175
Acquisitions	11 103	295	5 702	923	1 339	—	—	637	19 999	25	569	20 593
Developments and capital expenditure	1 172	36	365	236	50	25	1	306	2 191	309	—	2 500
Disposals at fair value	(399)	(152)	(45)	(16)	(9)	—	—	(237)	(858)	—	(272)	(1 130)
Foreign exchange gain	—	—	—	—	—	—	—	(1 205)	(1 205)	—	—	(1 205)
Fair value adjustments	879	249	557	127	33	54	(29)	1 664	3 534	480	19	4 033
Closing fair value of property assets	40 608	5 461	14 993	5 488	3 034	1 514	452	22 024	93 574	6 761	631	100 966
Statement of profit or loss and other comprehensive income extracts 2014
Net property income, excluding straight-line lease income adjustment	1 944	342	686	345	127	108	55	1 421	5 028	356	8	5 392
Statement of financial position extracts 2014
Investment property
Opening fair value of property assets	19 523	4 704	7 618	3 719	1 463	1 350	791	15 063	54 231	5 549	—	59 780
Acquisitions	6 968	—	122	122	—	—	—	3 452	10 664	—	315	10 979
Capital expenditure	550	121	183	103	73	14	3	416	1 463	276	—	1 739
Disposals at fair value	(194)	(71)	—	(82)	(29)	—	(275)	—	(651)	—	—	(651)
Foreign exchange gain	—	—	—	—	—	—	—	1 640	1 640	—	—	1 640
Fair value adjustments	1 006	279	491	356	114	71	(39)	288	2 566	122	—	2 688
Closing fair value of property assets	27 853	5 033	8 414	4 218	1 621	1 435	480	20 859	69 913	5 947	315	76 175