Consolidated statement of financial position
as at 31 March

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Notes 2020
R’000
2019
R’000
ASSETS
Non-current assets
Investment properties 4 9 978 983 12 023 914
Furniture, fittings and equipment 6 8 337
Investments in associates 7 979 771
Derivative asset 26.1 1 783
9 979 970 12 026 805
Current assets
Trade and other receivables 8 72 479 144 510
Cash and cash equivalents 9 290 575 95 282
363 054 239 792
Total assets 10 343 024 12 266 597
EQUITY
Capital and reserves attributable to equity holders of the Company
Stated capital 10 9 051 194 9 027 065
Non-distributable reserve 11 (553 392) 1 957 968
Common control reserve (1 106 013) (1 106 013)
Retained earnings 281 979 343 035
7 673 768 10 222 055
LIABILITIES
Non-current liabilities
Interest-bearing borrowings 12 2 546 606 1 647 358
Derivative liability 26.1 50 229 1 971
Long-term incentive liabilities non-current portion 25.2 1 337 446
2 598 172 1 649 775
Current liabilities
Trade and other payables 13 69 697 79 219
Interest-bearing borrowings 12 290 000
Long-term incentive liabilities current portion 25.2 1 387 1 419
Provision for shareholder redemption 10 24 129
71 084 394 767
Total liabilities 2 669 256 2 044 542
Total equity and liabilities 10 343 024 12 266 597

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