NOTES TO THE ANNUAL FINANCIAL STATEMENTS | NOTE 3

    2015
Rm
  2014
Rm
 
3. PROPERTY EXPENSES        
  Assessment rates 617   524  
  Bad debts 16   7  
  Cleaning 85   66  
  Consulting fees 55   48  
  Electricity – net (41)   (27)  
  – cost 830   699  
  – recovery (871)   (726)  
  Insurance 54   49  
  Letting commissions 22   17  
  Other property expenses 135   114  
  Personnel expenses 173   152  
  – contributions to defined contribution plan 16   13  
  – expense for equity-settled share-based payments 10   16  
  – other 147   123  
  Property management expenses 71   66  
  Promotions and marketing costs – net 17   11  
  – cost 36   30  
  – recovery (19)   (19)  
  Property management fee 2   3  
  Repairs and maintenance 149   121  
  Security 171   138  
  Tenant installation costs 71   65  
  Water and other municipal charges – net 33   30  
  – cost 160   140  
  – recovery (127)   (110)  
    1 630   1 384