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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) (9 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

N V Properties

4NVP · Cape Town Stock Exchange (incl. former 4AX) · Incorporated in South Africa · Consolidated statements

On this page
Company details
Legal name
N V Properties Limited
Incorporated in
South Africa
Listing
4NVP on the Cape Town Stock Exchange (incl. former 4AX), active · ISIN ZAE400000242 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
28 February

Overview

Year ended 29 February 2024 · audited financial statements, signed / final · source

Read with these figures

  • Issued under a former name. Same legal entity converted from a private to a public company: the CTSE listing particulars of 20 Feb 2025 (para 27.1) state the company was incorporated as a private company on 8 February 1991 and converted to a public company on 28 August 2024; registration 1991/000649/07 (private) became 1991/000649/06 (public), same tax reference 9421/068/84/3.
Full wording and sources

  • Issued under a former name

    Same legal entity converted from a private to a public company: the CTSE listing particulars of 20 Feb 2025 (para 27.1) state the company was incorporated as a private company on 8 February 1991 and converted to a public company on 28 August 2024; registration 1991/000649/07 (private) became 1991/000649/06 (public), same tax reference 9421/068/84/3. These FY2024 statements were issued as N V Properties (Pty) Ltd. Former name: N V Properties (Pty) Ltd (until 28 August 2024). Source: docs/companies/filings/editorial/identity-resolutions.json.

    Source: N V Properties (Pty) Ltd and its subsidiaries Consolidated Annual Financial Statements for the year ended 29 February 2024 (dated 2024-08-05)

  • Revenue

    ZAR 220 million

    220,047,356 ZAR units · p10

    +43.3% vs 2023

  • Operating profit / (loss)

    ZAR 120 million

    120,260,057 ZAR units · p10

    −2.1% vs 2023

  • Profit / (loss) for the year

    ZAR 251 million

    250,539,543 ZAR units · p10

    Moved from loss to profit (FY to 28 Feb 2023: (3,119,051) ZAR units)

  • Total assets

    ZAR 2.97 billion

    2,972,698,690 ZAR units · p9

    +14.3% vs 2023

  • Total equity

    ZAR 1.02 billion

    1,024,093,932 ZAR units · p9

    +32.4% vs 2023

  • Cash from operations

    −ZAR 12.2 million

    (12,150,078) ZAR units · p12

    −200.8% 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 units 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 29 Feb 2024 — audited financial statements, signed / final; reported for the year · source
  • FY to 28 Feb 2023 — audited financial statements, signed / final; comparative in the FY to 29 Feb 2024 filing · source

Income statement

Income statement, ZAR units. Columns: FY to 29 Feb 2024 — audited financial statements (signed / final), as reported for the year; FY to 28 Feb 2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY to 29 Feb 2024Audited financial statementsreported for the yearFY to 28 Feb 2023Audited financial statementscomparative in FY to 29 Feb 2024 filing
Rental income 220,047,356 153,561,831
Other income 3,236,268 8,271,088
Other operating expenses (unlabelled total) (103,023,567) (39,028,777)
Operating profit 120,260,057 122,804,142
Fair value adjustments1 386,303,650 –2
Investment income3 2,170,856 3,725,776
Finance costs (182,512,041) (142,343,176)
Profit (loss) before taxation 326,222,522 (15,813,258)
Taxation (75,682,979) 12,694,207
Profit (loss) for the year 250,539,543 (3,119,051)
Other comprehensive income –4 –4
Total comprehensive income (loss) for the year 250,539,543 (3,119,051)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (2)
  1. “Fair value adjustments” is an issuer-specific line, not mapped to a shared definition: Note 15 (investment property); 2023 printed '-'.
  2. “Investment income”: mapping to a shared definition is uncertain. Printed 'Investment income' (note 16); the cash-flow statement shows it as 'Interest income'.

Balance sheet

Balance sheet, ZAR units. Columns: FY to 29 Feb 2024 — audited financial statements (signed / final), as reported for the year; FY to 28 Feb 2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY to 29 Feb 2024Audited financial statementsreported for the yearFY to 28 Feb 2023Audited financial statementscomparative in FY to 29 Feb 2024 filing
Biological assets1 –2 6,566,194
Deferred tax asset 140,528,232 141,821,389
Financial assets3 5,519,633 4,712,216
Investment property 2,721,561,552 2,315,647,450
Loans to related parties4 6,837,607 27,348,356
Property, plant and equipment 29,323,564 24,879,401
Non-current assets (unlabelled subtotal) 2,903,770,588 2,520,975,006
Cash and cash equivalents 9,243,656 28,770,814
Trade and other receivables 59,684,446 51,974,181
Current assets (unlabelled subtotal) 68,928,102 80,744,995
Total Assets 2,972,698,690 2,601,720,001
Share capital5 1,980,100 1,980,100
Retained income 1,022,113,832 771,574,291
Equity (unlabelled subtotal) 1,024,093,932 773,554,391
Deferred tax liability 412,285,523 339,038,652
Loans from related parties 1,056,219,651 935,402,065
Financial liabilities6 368,474,670 484,194,414
Non-current liabilities (unlabelled subtotal) 1,836,979,844 1,758,635,131
Current tax payable 470,877 –7
Financial liabilities6 77,310,020 48,480,560
Trade and other payables 33,844,017 21,049,919
Current liabilities (unlabelled subtotal) 111,624,914 69,530,479
Total Liabilities 1,948,604,758 1,828,165,610
Total Equity and Liabilities 2,972,698,690 2,601,720,001
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (5)
  1. “Biological assets” is an issuer-specific line, not mapped to a shared definition: Note 3; 2024 printed '-'.
  2. “Financial assets” is an issuer-specific line, not mapped to a shared definition: Note 5.
  3. “Loans to related parties” is an issuer-specific line, not mapped to a shared definition: Note 7; non-current.
  4. “Share capital”: mapping to a shared definition is uncertain. Printed 'Share capital' (note 11); the statement of changes in equity shows it as share capital 496 plus share premium 1,979,604 ('Total share capital').
  5. “Financial liabilities” is an issuer-specific line, not mapped to a shared definition: Note 13.

Cash flow

Cash flow, ZAR units. Columns: FY to 29 Feb 2024 — audited financial statements (signed / final), as reported for the year; FY to 28 Feb 2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY to 29 Feb 2024Audited financial statementsreported for the yearFY to 28 Feb 2023Audited financial statementscomparative in FY to 29 Feb 2024 filing
Cash generated from operations 168,863,181 150,705,044
Interest income 2,170,856 3,691,327
Finance costs1 (182,512,041) (142,343,176)
Tax paid (672,074) –2
Net cash from operating activities (12,150,078) 12,053,195
Purchase of property, plant and equipment (14,959,424) (7,519,831)
Purchase of investment property3 21,763,051 (21,228,990)
Purchase of biological assets4 (386,366) –5
Net movement in loans to related parties6 20,510,749 209,690,675
Net movement in financial assets7 (807,417) 863,174
Net cash from investing activities 26,120,593 181,805,028
Net movement in loans from related parties8 117,780,244 –9
Net movement in financial liabilities10 (86,890,284) (188,915,126)
Net cash from financing activities 30,889,960 (188,915,126)
Total cash movement for the year (19,527,158) 4,943,097
Cash and cash equivalents at the beginning of the year 28,770,814 23,827,717
Cash and cash equivalents at the end of the year 9,243,656 28,770,814
  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 (7)
  1. “Finance costs”: mapping to a shared definition is uncertain. Printed 'Finance costs' in operating activities (finance costs paid, note 17).
  2. “Purchase of investment property” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 6; the 2024 amount is printed as an inflow (no brackets) under this label.
  3. “Purchase of biological assets” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 3; 2023 printed '-'.
  4. “Net movement in loans to related parties” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 7.
  5. “Net movement in financial assets” is an issuer-specific line, not mapped to a shared definition: Investing activities, note 5.
  6. “Net movement in loans from related parties” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 12; 2023 printed '-'.
  7. “Net movement in financial liabilities” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 13.

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.

No dividend statement or amount collected.

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.

  • N V Properties (Pty) Ltd and its subsidiaries Consolidated Annual Financial Statements for the year ended 29 February 2024

    Year ended 29 February 2024 · Audited financial statements · signed / final

    Audit: Birch Chartered Accountants Inc., unmodified opinion · signed

    Auditor's sign-off: Birch Chartered Accountants Inc., Nicole Susan Channon, Registered Auditor

    Final status: Independent auditor's report of Birch Chartered Accountants Inc. (Nicole Susan Channon, Registered Auditor) on the consolidated annual financial statements: opinion PDF p7 (unmodified), closing PDF p8 with a handwritten signature 'Birch CA Inc.' above the typeset firm and auditor name, dated 05 August 2024, East London (scanned page image). Approved by the director on 05 August 2024 with V Nassimov's handwritten signature (PDF p4, scanned page image). The cover (PDF p1-2) states the statements were compiled by Eugene Samuel George Birch, Registered Auditor.

    Document date
    5 Aug 2024
    Auditor's report
    5 Aug 2024
    Board approval
    5 Aug 2024
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 29 Feb 2024, FY to 28 Feb 2023
    Basis
    consolidated statements · ZAR units (printed “Figures in Rand”)
    • Statement of cash flows (PDF p12, page image): the 2024 'Total cash movement for the year' (19,527,158) negative does not equal the sum of the printed section totals ((12,150,078) + 26,120,593 + 30,889,960 = 44,860,475); it does equal the change in cash and cash equivalents (28,770,814 to 9,243,656). The 2023 column adds up. Printed figures kept.
    • Income statement (PDF p10): 29 expense lines are printed as positive amounts (bad debts 2023: (300)) above an unlabelled total of 103,023,567 (2023: 39,028,777) that is deducted; only the total is transcribed, negated. Balance-sheet section totals are unlabelled (PDF p9). No EPS is printed.
    • Statement of cash flows (PDF p12): 'Purchase of investment property' is printed as an inflow of 21,763,051 in 2024 (no brackets; 2023 (21,228,990)); the investing total adds up with it as printed.
    • The entity is printed as N V Properties (Pty) Ltd, a private company with one shareholder (Craighall Finance Incorporated, 100%; PDF p2, p5). The directory lists the CTSE issuer as N V PROPERTIES LIMITED, listed 2025-02-25; the document was published on the issuer's investor-relations page. The conversion to a public company is not shown in this document.
    Technical details
    File
    40 pages, with a text layer
    SHA-256
    1a873b676de5245b764b1649f06bc248779400de5a673ef74803ac3f361a99e4
    Entity as printed
    N V Properties (Pty) Ltd and its subsidiaries (registration number 1991/000649/07)
    Issuer copy
    retrieved 2026-10-08T18:52:52Z

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) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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