Index The reports and statements set out below comprise the annual financial statements presented to the shareholders Page Chai
Chairman’s Report During the current financial period the global meltdown has changed the international and local marketplace s
Report of the Company Secretary To the members of Orion Real Estate Limited We declare that, to the best of our knowledge, the
Corporate Governance Statement Orion Real Estate Limited complies in all material respects to the principles and spirit of the
Corporate Governance Statement (continued) Board meetings The board met three times during the year under review. All directors
Corporate Governance Statement (continued) • The effectiveness of risk management, controls and governance processes. z The aud
Report of the Audit Committee 1. 2. Introduction The Audit Committee has pleasure in submitting this report, as required by sec
8
Directors’ Responsibilities and Approval The directors are required by the South African Companies Act, 1973, to maintain adequ
Directors’ Report The directors have pleasure in submitting their report and the financial statements of the company and the gr
Directors’ Report (continued) Segmental reporting By gross revenue Commercial Industrial Retail Hospitality Residential Propert
Directors’ Report (continued) Rating of Tenants (Rental Income) Commercial Industrial Retail Hospitality Residential A B C A B
Property Portfolio Information Rentable area (m2) 8 123 Total Income per building 1 519 378,09 Weighted average rental per squa
Property Portfolio Information (continued) Rentable area (m2) 803 Total Income per building 289 543,40 Weighted average rental
Balance Sheet Group Figures in rand ASSETS Non-current assets Investment property Furniture, plant and equipment Investments in
Income Statement Group Figures in rand Continued operations Gross revenue Recoveries Operating costs Operating profit (loss) In
Statement of Changes in Equity GROUP Figures in rand Balance at 1 July 2007 Issue of linked units Attributable profit for the y
Cash Flow Statement Group Figures in rand Net cash flow from operating activities – Cash generated from operations – Interest r
Notes to the Financial Statements 1. Accounting Policies The financial statements are prepared in accordance with International
Notes to the Financial Statements (continued) 1.2.3 1.2.4 Debentures Debentures are held at fair value. Fair value is assessed
Notes to the Financial Statements (continued) Operating leases – lessee Operating lease payments are recognised as an expense o
Notes to the Financial Statements (continued) Current tax liabilities (assets) for the current and prior periods are measured a
Notes to the Financial Statements (continued) The geographical split is a secondary segment; the major geographical segments ar
Notes to the Financial Statements (continued) 1.11.6 Provisions Provisions were raised and management determined an estimate ba
Notes to the Financial Statements (continued) Interest and other expenses attributable to the liabilities of a disposal group c
Notes to the Financial Statements (continued) – IAS 8 (amended): Accounting policies, changes in accounting estimates and error
Notes to the Financial Statements (continued) – IAS 39 (amended): Financial Instruments: Recognition and Measurement (effective
Notes to the Financial Statements (continued) 3. Investment property Figures in Rand Carrying value at beginning of year Additi
Notes to the Financial Statements (continued) Investment properties are valued by the directors on an annual basis and in addit
Notes to the Financial Statements (continued) 4. Furniture, plant and equipment Group 2009 Figures in Rand Depreciation periods
Notes to the Financial Statements (continued) Company Figures in Rand Issued share capital 5. Investment in subsidiaries and co
Notes to the Financial Statements (continued) Group Figures in Rand 6. 6.1 Other financial assets Rental smoothing Rental smoot
Notes to the Financial Statements (continued) Group Figures in Rand 10. Ordinary share capital Authorised 2 000 000 000 shares
Notes to the Financial Statements (continued) Group Figures in Rand 12. Long-term liabilities Secured over investment propertie
Notes to the Financial Statements (continued) Group Figures in Rand 13. Loans to/(from) related parties Cape Gannet Properties
Notes to the Financial Statements (continued) Group Figures in Rand 16. 2009 2008 2009 Deferred tax Deferred tax asset(liabilit
Notes to the Financial Statements (continued) Group Figures in Rand 19. Gross revenue Rental Commissions and sundry income Admi
Notes to the Financial Statements (continued) . Figures in Rand 23. Taxation Major components of the tax expense(income) Curren
Notes to the Financial Statements (continued) Figures in Rand 24. Calculation of headline loss per share Net profit per income
Notes to the Financial Statements (continued) Group Figures in Rand 26. Directors’ emoluments Services as directors Other emolu
Notes to the Financial Statements (continued) 29. Group Company Figures in Rand 2009 2008 2009 2008 Inter-group related party t
Notes to the Financial Statements (continued) 30. Risk management The group’s activities expose it to a variety of financial ri
Notes to the Financial Statements (continued) Credit risk Credit risk is managed on a group basis. Trade receivables comprise a
Notes to the Financial Statements (continued) 31. Breakdown of Non-Public Holdings Directors and associates Gmeiner F Gmeiner F
Notice of Annual General Meeting Notice is hereby given that the Annual General Meeting of Members of Orion Real Estate Limited
Notice of Annual General Meeting (continued) 8. Ordinary Resolution number eight (Placing the unissued shares under the control
It’s happening! REAL ESTATE LIMITED (Registration number 1997/021085/06) FORM OF PROXY (For the use of members who hold certifi
Form of Proxy (continued) NOTES Members holding certificated shares or dematerialised shares registered in their own name. 1. O
Administration ORION REAL ESTATE LIMITED REGISTERED NUMBER 1997/021085/06 Registered Office 16th Floor Orion House 49 Jorissen
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It’s happening! REAL ESTATE LIMITED (Registration number 1997/0
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Index The reports and statements set out below comprise the ann
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Chairman’s Report During the current financial period the globa
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Report of the Company Secretary To the members of Orion Real Es
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Corporate Governance Statement Orion Real Estate Limited compli
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Corporate Governance Statement (continued) Board meetings The b
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Corporate Governance Statement (continued) • The effectiveness
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Report of the Audit Committee 1. 2. Introduction The Audit Comm
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Directors’ Responsibilities and Approval The directors are requ
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Directors’ Report The directors have pleasure in submitting the
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Directors’ Report (continued) Segmental reporting By gross reve
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Directors’ Report (continued) Rating of Tenants (Rental Income)
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Property Portfolio Information Rentable area (m2) 8 123 Total I
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Property Portfolio Information (continued) Rentable area (m2) 8
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Balance Sheet Group Figures in rand ASSETS Non-current assets I
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Income Statement Group Figures in rand Continued operations Gro
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Statement of Changes in Equity GROUP Figures in rand Balance at
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Cash Flow Statement Group Figures in rand Net cash flow from op
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Notes to the Financial Statements 1. Accounting Policies The fi
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Notes to the Financial Statements (continued) 1.2.3 1.2.4 Deben
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Notes to the Financial Statements (continued) Operating leases
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Notes to the Financial Statements (continued) Current tax liabi
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Notes to the Financial Statements (continued) The geographical
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Notes to the Financial Statements (continued) 1.11.6 Provisions
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Notes to the Financial Statements (continued) Interest and othe
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Notes to the Financial Statements (continued) – IAS 8 (amended)
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Notes to the Financial Statements (continued) – IAS 39 (amended
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Notes to the Financial Statements (continued) 3. Investment pro
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Notes to the Financial Statements (continued) Investment proper
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Notes to the Financial Statements (continued) 4. Furniture, pla
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Notes to the Financial Statements (continued) Company Figures i
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Notes to the Financial Statements (continued) Group Figures in
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Notes to the Financial Statements (continued) Group Figures in
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Notes to the Financial Statements (continued) Group Figures in
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Notes to the Financial Statements (continued) Group Figures in
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Notes to the Financial Statements (continued) Group Figures in
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Notes to the Financial Statements (continued) Group Figures in
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Notes to the Financial Statements (continued) . Figures in Rand
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Notes to the Financial Statements (continued) Figures in Rand 2
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Notes to the Financial Statements (continued) Group Figures in
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Notes to the Financial Statements (continued) 29. Group Company
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Notes to the Financial Statements (continued) 30. Risk manageme
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Notes to the Financial Statements (continued) Credit risk Credi
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Notes to the Financial Statements (continued) 31. Breakdown of
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Notice of Annual General Meeting Notice is hereby given that th
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Notice of Annual General Meeting (continued) 8. Ordinary Resolu
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It’s happening! REAL ESTATE LIMITED (Registration number 1997/0
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Form of Proxy (continued) NOTES Members holding certificated sh
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Administration ORION REAL ESTATE LIMITED REGISTERED NUMBER 1997
African Annual Reports
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