Consolidated statement of comprehensive income
for the year ended 31 March

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Notes 2020
R’000
2019
R’000
Revenue 14 767 644 827 786
Rental income – contractual 767 695 827 631
Rental income – straight-line accrual (51) 155
Operating expenses 17 (51 112) (76 096)
Operating profit 716 532 751 690
Other income 1 665 1 767
Insurance proceeds 1 088 655
Sundry income 577 1 112
Net finance costs (195 440) (166 988)
Finance income 18 11 069 17 206
Finance costs 18 (206 509) (184 194)
Profit before sale of fixed assets, fair value adjustments, equity-accounted profits and taxation 522 757 586 469
Profit on sale of furniture, fittings and equipment 173
Fair value adjustments 19 (2 511 309) (781 475)
Investment properties, before straight-lining adjustment (2 461 320) (787 414)
Change in fair value as a result of the straight-lining adjustment 51 (155)
Interest rate swaps (50 040) 6 094
Loss before taxation (1 988 379) (195 006)
Equity-accounted profit from associate net of tax 7 208 720
Income tax expense 20 191
Loss for the year (1 988 171) (194 095)
Other comprehensive income
Items that may not be reclassified subsequently to profit or loss:
Total comprehensive income (1 988 171) (194 095)
Loss attributable to:
Equity holders (1 988 171) (194 095)
Earnings and diluted earnings per share (cents) 15 (344.22) (33.74)

The notes form an integral part of these consolidated financial statements.