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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Fairvest

FTA · A2X Markets · Incorporated in South Africa · Consolidated statements

On this page
Company details
Legal name
Fairvest Limited
Incorporated in
South Africa
Listing
FTA on the A2X Markets, active · ISIN ZAE000304788 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 September

Overview

Year ended 30 September 2024 · annual report, final status not established · source

Read with these figures

  • Annual report not confirmed as final. The published copy is unsigned. The FY to 30 Sep 2024 figures come from it.
Full wording and sources

  • Annual report for 2024: final status not established

    The independent auditor's report of Forvis Mazars to the shareholders of Fairvest Limited and its subsidiaries (unmodified opinion, PDF p109) closes with the typeset text 'Forvis Mazars, Partner: Susan Truter, Registered Auditors, Johannesburg, 29 November 2024' (PDF p111); no signature is visible on the page image (name_printed_unsigned). The directors' responsibilities and approval states the consolidated and separate financial statements 'were approved by the Board of Directors on 29 November 2024 and were signed on their behalf by: N Mkhize, Chairman; DM Wilder, Chief Executive Officer' — names typeset, no visible signature (PDF p106, page image).

    Source: Fairvest Limited Integrated Annual Report 2024 (dated 2024-11-29)

  • Revenue

    ZAR 2.03 billion

    2,034,340 ZAR thousands · p113

    +5.9% vs 2023

  • Operating profit / (loss)

    ZAR 1.06 billion

    1,061,271 ZAR thousands · p113

    +5.1% vs 2023

  • Profit / (loss) for the year

    ZAR 932 million

    931,765 ZAR thousands · p113

    +629.1% vs 2023

  • Total assets

    ZAR 12.9 billion

    12,901,740 ZAR thousands · p112

    +2.1% vs 2023

  • Total equity

    ZAR 7.99 billion

    7,989,055 ZAR thousands · p112

    +3.1% vs 2023

  • Cash from operations

    ZAR 62.1 million

    62,086 ZAR thousands · p116

    +16.7% vs 2023

Large amounts are rounded for reading (ZAR million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in ZAR thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY to 30 Sep 2024 — annual report, final status not established; reported for the year · source
  • FY to 30 Sep 2023 — annual report, final status not established; comparative in the FY to 30 Sep 2024 filing · source

Income statement

Income statement, ZAR thousands. Columns: FY to 30 Sep 2024 — annual report (final status not established), as reported for the year; FY to 30 Sep 2023 — annual report (final status not established), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Sep 2024Annual reportreported for the yearFY to 30 Sep 2023Annual reportcomparative in FY to 30 Sep 2024 filing
Revenue 2,034,340 1,920,938
Straight-line rental income accrual1 5,870 (11,056)
subsidiaries*2 –3 –3
Sundry income 11,149 4,942
Property income4 2,051,359 1,914,824
Operating costs5 (862,453) (789,878)
Administration costs (127,635) (114,793)
Profit from operations 1,061,271 1,010,153
Finance income 24,523 24,330
Finance charges (414,702) (456,696)
Listed securities income6 22,788 25,901
impairments7 237,885 63,977
Capital expenses8 –9 (411)
Profit before taxation 931,765 667,254
Income tax expense –10 –10
Profit from continuing operations11 931,765 667,254
Loss from discontinued operations12 –13 (539,462)
Profit for the year 931,765 127,792
Other comprehensive income –14 –14
the year 931,765 127,792
Profit attributable to non-controlling interest (unlabelled total)15 5,457 31,485
  1. Printed “–”, read as nil: subtotal_arithmetic: is.native.co_f2xrnhay5v2j.property_income.
  2. Printed “–”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  3. Printed “–”, read as nil: subtotal_arithmetic: is.native.co_f2xrnhay5v2j.profit_continuing.
  4. Printed “–”, read as nil: subtotal_arithmetic: is.profit_for_year.
  5. Printed “–”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (10)
  1. “Straight-line rental income accrual” is an issuer-specific line, not mapped to a shared definition: Note 5; component of property income.
  2. “subsidiaries*” is an issuer-specific line, not mapped to a shared definition: Note 28; component of property income (Company columns only; Group '–').
  3. “Property income” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: revenue, straight-line rental income accrual, dividends from REIT subsidiaries and sundry income.
  4. “Operating costs” is an issuer-specific line, not mapped to a shared definition: Property operating costs, as printed.
  5. “Listed securities income” is an issuer-specific line, not mapped to a shared definition: Note 27; dividends from listed securities, printed after finance charges.
  6. “impairments” is an issuer-specific line, not mapped to a shared definition: Note 29; fair value changes (investment property, derivatives, listed securities) and impairments, as printed.
  7. “Capital expenses” is an issuer-specific line, not mapped to a shared definition: Note 30.
  8. “Profit from continuing operations” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
  9. “Loss from discontinued operations” is an issuer-specific line, not mapped to a shared definition: Note 32: Indluplace (disposed of in 2023).
  10. “Profit attributable to non-controlling interest (unlabelled total)” is an issuer-specific line, not mapped to a shared definition: Unlabelled total of the non-controlling interest attribution.

Balance sheet

Balance sheet, ZAR thousands. Columns: FY to 30 Sep 2024 — annual report (final status not established), as reported for the year; FY to 30 Sep 2023 — annual report (final status not established), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Sep 2024Annual reportreported for the yearFY to 30 Sep 2023Annual reportcomparative in FY to 30 Sep 2024 filing
Investment property 12,247,902 11,654,335
property portfolio1 12,101,696 11,517,452
rental income accrual2 146,206 136,883
Right-of-use assets 1,054 1,897
Property, plant and equipment 788 705
purchase option schemes3 87,763 62,409
Other financial assets4 234,139 199,054
Investments in subsidiaries5 –6 –6
Loans to group companies7 –6 –6
Derivative financial instruments8 73 23,477
Loans receivable9 –6 12,784
Non-current assets (unlabelled subtotal) 12,571,719 11,954,661
Loans to group companies7 –10 –10
Trade and other receivables 228,280 228,060
Derivative financial instruments11 899 11,745
Current tax receivable –10 3
Loans receivable9 22,149 26,004
Cash and cash equivalents 57,093 106,763
Current assets (unlabelled subtotal) 308,421 372,575
Non-current assets held-for-sale12 21,600 307,250
Total assets 12,901,740 12,634,486
Stated capital 5,176,096 5,169,939
Share-based payments reserve13 39,652 22,882
Retained income 2,755,647 2,520,653
Equity attributable to equity holders of parent (unlabelled subtotal) 7,971,395 7,713,474
Non-controlling interest 17,660 32,828
Total equity (unlabelled subtotal) 7,989,055 7,746,302
Deferred tax 3,915 3,915
Interest-bearing borrowings 2,696,282 3,771,559
Lease liabilities 39,962 40,465
Derivative financial instruments8 14,341 –14
Deposits received15 91,709 82,000
interests16 11,243 25,374
Non-current liabilities (unlabelled subtotal) 2,857,452 3,923,313
Loans from group companies17 –18 –18
Interest-bearing borrowings 1,515,667 430,262
Derivative financial instruments19 2,208 –18
Lease liabilities 3,387 2,287
Trade and other payables 519,689 502,269
interests16 14,282 30,053
Current liabilities (unlabelled subtotal) 2,055,233 964,871
Total liabilities 4,912,685 4,888,184
Total equity and liabilities 12,901,740 12,634,486
  1. Printed “–”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “–”, read as nil: subtotal_arithmetic: bs.current_assets.
  3. Printed “–”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  4. Printed “–”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (15)
  1. “property portfolio” is an issuer-specific line, not mapped to a shared definition: Note 4; component of investment property.
  2. “rental income accrual” is an issuer-specific line, not mapped to a shared definition: Note 5; component of investment property.
  3. “purchase option schemes” is an issuer-specific line, not mapped to a shared definition: Note 10; non-current assets.
  4. “Other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 11; non-current assets.
  5. “Investments in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 12; Company columns only (Group '–').
  6. “Loans to group companies” is an issuer-specific line, not mapped to a shared definition: Note 12; Company columns only (Group '–').
  7. “Derivative financial instruments” is an issuer-specific line, not mapped to a shared definition: Note 13.
  8. “Loans receivable” is an issuer-specific line, not mapped to a shared definition: Note 14.
  9. “Derivative financial instruments”: mapping to a shared definition is uncertain. Current derivative financial instruments (assets); the non-current ones are a native concept.
  10. “Non-current assets held-for-sale” is an issuer-specific line, not mapped to a shared definition: Note 8; printed after current assets, within total assets.
  11. “Share-based payments reserve” is an issuer-specific line, not mapped to a shared definition: Note 18; equity.
  12. “Deposits received” is an issuer-specific line, not mapped to a shared definition: Note 21; tenant deposits, non-current liabilities.
  13. “interests” is an issuer-specific line, not mapped to a shared definition: Note 22.
  14. “Loans from group companies” is an issuer-specific line, not mapped to a shared definition: Note 12; Company columns only (Group '–').
  15. “Derivative financial instruments”: mapping to a shared definition is uncertain. Current derivative financial instruments (liabilities); the non-current ones are a native concept.

Cash flow

Cash flow, ZAR thousands. Columns: FY to 30 Sep 2024 — annual report (final status not established), as reported for the year; FY to 30 Sep 2023 — annual report (final status not established), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Sep 2024Annual reportreported for the yearFY to 30 Sep 2023Annual reportcomparative in FY to 30 Sep 2024 filing
Cash generated from operations 1,107,242 1,033,564
discontinued operations1 –2 161,379
Finance charges3 (409,765) (451,126)
Finance income received 21,950 17,743
Dividends received4 22,788 25,901
Tax received 3 6
interest5 –2 (32,534)
Dividends paid (680,132) (701,726)
Net cash from/(used in) operating activities 62,086 53,207
equipment (1,405) (282)
investment property6 (344,981) (190,265)
property (including held-for-sale)7 271,524 334,370
Disposal of Indluplace8 –9 537,561
Loans to group companies repaid10 –9 –9
Loans advanced to group companies11 –9 –9
Advances paid to loans receivable12 (9,082) (1,286)
Proceeds from repayments of loans receivable13 9,704 9,050
Amounts owing by non-controlling interests raised14 –9 (508)
Net cash outflow from investing activities – discontinued operations15 –9 (13,401)
Net cash from/(used in) investing activities (74,240) 675,239
Buy back of share capital16 –17 (100,008)
companies18 –17 –17
companies18 –17 –17
Proceeds from borrowings 1,499,304 3,625,770
Repayment of borrowings (1,496,098) (4,196,217)
interests raised19 84 417
interests repaid20 (8,221) (11,575)
Payment on lease liabilities21 (1,474) (40,842)
activities – discontinued operations22 –17 (10,486)
subsidiary23 (31,111) (23,311)
Net cash (used in)/from financing activities (37,516) (756,252)
Total cash movement for the period (49,670) (27,806)
Cash at the beginning of the period 106,763 134,569
Total cash at the end of the period 57,093 106,763
  1. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  3. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (20)
  1. “discontinued operations” is an issuer-specific line, not mapped to a shared definition: Note 32; operating activities.
  2. “Finance charges”: mapping to a shared definition is uncertain. Printed 'Finance charges' (paid), operating activities (p116).
  3. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  4. “interest” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  5. “investment property” is an issuer-specific line, not mapped to a shared definition: Note 4; investing activities.
  6. “property (including held-for-sale)” is an issuer-specific line, not mapped to a shared definition: Notes 4 and 8; investing activities.
  7. “Disposal of Indluplace” is an issuer-specific line, not mapped to a shared definition: Note 32; investing activities.
  8. “Loans to group companies repaid” is an issuer-specific line, not mapped to a shared definition: Investing; Company columns only (Group '–').
  9. “Loans advanced to group companies” is an issuer-specific line, not mapped to a shared definition: Investing; Company columns only (Group '–').
  10. “Advances paid to loans receivable” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  11. “Proceeds from repayments of loans receivable” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  12. “Amounts owing by non-controlling interests raised” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  13. “Net cash outflow from investing activities – discontinued operations” is an issuer-specific line, not mapped to a shared definition: Note 32; investing activities.
  14. “Buy back of share capital” is an issuer-specific line, not mapped to a shared definition: Financing activities.
  15. “companies” is an issuer-specific line, not mapped to a shared definition: Note 36; financing; Company columns only (Group '–').
  16. “interests raised” is an issuer-specific line, not mapped to a shared definition: Note 36; financing activities.
  17. “interests repaid” is an issuer-specific line, not mapped to a shared definition: Note 36; financing activities.
  18. “Payment on lease liabilities”: mapping to a shared definition is uncertain. Printed 'Payment on lease liabilities' (financing); not stated to be principal only.
  19. “activities – discontinued operations” is an issuer-specific line, not mapped to a shared definition: Note 32; financing activities.
  20. “subsidiary” is an issuer-specific line, not mapped to a shared definition: Note 37; financing activities.

Per share and shares

Per share and shares. Columns: FY to 30 Sep 2024 — annual report (final status not established), as reported for the year; FY to 30 Sep 2023 — annual report (final status not established), comparative reported in the annual report for 2024.
Line (as printed) FY to 30 Sep 2024Annual reportreported for the yearFY to 30 Sep 2023Annual reportcomparative in FY to 30 Sep 2024 filing
Earnings / (loss) per share (per share)41 1.52232 0.89123
Profit / (loss) attributable to shareholders (ZAR thousands)5 926,308 96,307
  1. Printed as 152.23 cents; value converted to ZAR at 100 cents = 1 ZAR.
  2. Printed as 89.12 cents; value converted to ZAR at 100 cents = 1 ZAR.
Notes and alternative reported figures (3)
  1. “Basic earnings per A share in issue”: mapping to a shared definition is uncertain. Earnings per A share, in total (note 33, 'In total:'); diluted per A share is printed equal (152.23; 89.12). B shares (FTB, not this listing) are printed separately (58.00; 2.80).
  2. Earnings / (loss) per share: printed as “Basic earnings per A share in issue”.
  3. Profit / (loss) attributable to shareholders: printed as “Profit attributable to owners of the parent (unlabelled total)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
30 Sep 2024 Dividends paid (cash flow statement) Dividends paid (680,132) ZAR thousands Annual report, p116
30 Sep 2023 Dividends paid (cash flow statement) Dividends paid (701,726) ZAR thousands Annual report, p116

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Fairvest Limited Integrated Annual Report 2024

    Year ended 30 September 2024 · Annual report · final status not established

    Audit: Forvis Mazars, unmodified opinion

    Auditor's sign-off: Forvis Mazars, Partner: Susan Truter, Registered Auditors (typeset; no visible signature)

    Final status: The independent auditor's report of Forvis Mazars to the shareholders of Fairvest Limited and its subsidiaries (unmodified opinion, PDF p109) closes with the typeset text 'Forvis Mazars, Partner: Susan Truter, Registered Auditors, Johannesburg, 29 November 2024' (PDF p111); no signature is visible on the page image (name_printed_unsigned). The directors' responsibilities and approval states the consolidated and separate financial statements 'were approved by the Board of Directors on 29 November 2024 and were signed on their behalf by: N Mkhize, Chairman; DM Wilder, Chief Executive Officer' — names typeset, no visible signature (PDF p106, page image).

    Document date
    29 Nov 2024
    Auditor's report
    29 Nov 2024
    Board approval
    29 Nov 2024
    Retrieved by us
    17 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Sep 2024, FY to 30 Sep 2023
    Basis
    consolidated statements · ZAR thousands (printed “Figures in Rand thousand”)
    • Directory name 'Fairvest Limited A' (A2X listing FTA, ISIN ZAE000304788); the document prints 'FAIRVEST LIMITED (Incorporated in the Republic of South Africa) Company Registration number 2007/032604/06 JSE share code: FTA ISIN: ZAE000304788 JSE share code: FTB ISIN: ZAE000304796' (PDF p173). The listing is the A share of Fairvest Limited; the statements are those of Fairvest Limited (A and B shares).
    • Property income (revenue, straight-line rental income accrual, dividends from REIT subsidiaries and sundry income) is printed above operating and administration costs; finance charges, listed securities income, changes in fair values and impairments and capital expenses are printed between profit from operations and profit before taxation; income tax and other comprehensive income are '–' (p113). Footnote *: dividends received from REIT subsidiaries (Company columns) were previously reported below profit before taxation and are now part of property income, 'with the 2023 presentation adjusted to reflect this change' (p113); the Group columns print '–' on that line.
    • The statement of financial position prints unlabelled subtotals for non-current assets, current assets, equity attributable to equity holders of parent, total equity, non-current liabilities and current liabilities (p112). Dividends paid and finance charges are presented within operating activities (p116). Earnings per share are printed per A share and per B share without a unit on the statement (p113); note 33 prints them under 'Cents' (p149).
    • Discontinued operations (2023 comparative only): Indluplace, disposed of in 2023 (note 32); profit for 2023 includes a loss from discontinued operations of (539 462).
    Technical details
    File
    174 pages, with a text layer
    SHA-256
    66d3342bd4c30c30351349ec294517862169bede7cc0c69e76306a2c5d859be8
    Entity as printed
    Fairvest Limited and its subsidiaries (the Group and Company) (auditor's report, PDF p109)
    Issuer copy
    retrieved 2026-10-17T13:56:19Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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