| |
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 |
R3.1 million |
8.0% |
|
| Florida North, Roodepoort |
1 December 2014 |
30 November 2019 |
R1.9 million |
7.5% |
|
| |
| |
R’000 |
|
| 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 |
|
| Credited to the statement of comprehensive income: |
|
|
| – movements in provision |
(2 486) |
|
| Balance as at 30 June 2018 |
13 386 |
|
| |
| |
June
2017
R’000 |
|
| Non-current portion |
15 915 |
|
18 979 |
|
| Current portion |
(2 529) |
|
(3 107) |
|
| |
13 386 |
|
15 872 |
|
|