NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 19

19. ACCRUAL FOR STRAIGHT-LINING OF LEASES
 

All leased assets in the Group relate to operating leases of property. Below is a summary of the most significant leasing arrangements:

Property Location Start date End date Rental
per month		   Escalation
rate		  
The Boulevard, Woodstock Cape Town 1 October 2014 30 September 2019 2.8 million   8.0%  
Florida North, Roodepoort 1 December 2014 30 November 2019 1.8 million   7.5%  

  GROUP  
  June 2017
R’000		  
Balance as at 30 June 2015 11 956  
Credited to the statement of comprehensive income:    
– movements in provision 3 686  
Balance as at 30 June 2016 15 642  
Credited to the statement of comprehensive income:    
– movements in provision 230  
Balance as at 30 June 2017 15 872  

  GROUP
  June 2017 
R’000 		   June 2016 
R’000 		  
Non-current portion 18 979    21 289   
Current portion (3 107)   (5 647)  
  15 872    15 642   

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 19