Calculation of distributable earnings

  Download (EXCEL)

 

 

   31 March 
2019 
R000
 
   31 March     
2018     
R000     
Variance 
  
Property revenue  2 186 904     1 561 798      40.02    
Property expenses (net of recoveries) (312 603)    (252 723)     (23.69)   
Net profit from property operations per segmental report excluding  straight-line rental income accrual  1 874 301     1 309 075      43.18    
Corporate administration expenses  (199 371)    (127 474)     (56.40)   
Net interest from cross-currency interest rate swap  163 074     —      100.00    
Investment and sundry income  181 741     323 255      (43.78)   
Operating profit before finance costs  2 019 745     1 504 856      34.22    
Finance costs  (509 749)    (367 808)     (38.59)   
Profit before equity-accounted income  1 509 996     1 137 048      32.80    
Profit share of associate  53 585     95 485      (43.88)   
Profit before taxation  1 563 581     1 232 533      26.86    
Taxation  (18 427)    (10 668)     (72.73)   
Profit for the year  1 545 154     1 221 865      26.46    
Costs of terminating interest rate swap        (3 250)     100.00    
Net profit attributable to non-controlling interests  (102 304)    (10 303)     (100.00)   
Attributable to Vukile group  1 442 850     1 208 312      19.41    
Non-IFRS adjustments  247 223     99 064      0.23    
Shares issued cum dividend  125 399     35 019      100.00    
Accrued dividends and cum dividend on shares acquired 60 036     44 940(1)  33.59    
Dividends accrued on listed associate net of share of income  61 788     19 105      100.00    
Available for distribution  1 690 073     1 307 376      29.27    
Total dividend for the year (Rand) 1 690 073     1 301 734           
Total dividend for the year (cents per share) 181.48     168.82           
Number of shares in issue at 31 March  920 962 145     784 766 367           
(1) Shares in Castellana subsidiaries, owning 11 retail parks, acquired cum dividend on 30 June 2017.

SUMMARISED CONSOLIDATED RESULTS
for the year ended 31 March 2019 and change to the board of directors

Back to top