| |
| |
Motor
vehicles
R’000 |
Computer
equipment
R’000 |
Land and
building
R’000 |
Furniture
and fittings
R’000 |
Property
and
equipment
R’000 |
Investment
property
R’000 |
Total
R’000 |
|
| Year ended 30 June 2018 |
|
|
|
|
|
|
|
|
| Opening carrying amount/fair value |
9 816 |
74 730 |
31 972 |
63 763 |
31 423 |
15 418 |
227 122 |
|
| Additions |
4 955 |
51 000 |
90 215 |
59 248 |
8 372 |
– |
213 790 |
|
| Disposals |
(518) |
(663) |
– |
(526) |
(132) |
– |
(1 839) |
|
| Depreciation charge |
(1 942) |
(30 140) |
(1 701) |
(10 857) |
(6 469) |
– |
(51 109) |
|
| Take on balances |
50 |
164 |
86 |
474 |
190 |
– |
964 |
|
| Reclassification |
– |
2 139 |
– |
(246) |
246 |
– |
2 139 |
|
| Closing carrying amount/fair value |
12 361 |
97 230 |
120 572 |
111 856 |
33 630 |
15 418 |
391 067 |
|
| At 30 June 2018 |
|
|
|
|
|
|
|
|
| Cost/fair value |
18 656 |
234 894 |
123 647 |
166 803 |
69 589 |
15 418 |
629 007 |
|
| Accumulated depreciation |
(6 295) |
(137 664) |
(3 075) |
(54 947) |
(35 959) |
– |
(237 940) |
|
| Closing carrying amount/fair value |
12 361 |
97 230 |
120 572 |
111 856 |
33 630 |
15 418 |
391 067 |
|
| Year ended 30 June 2017 |
|
|
|
|
|
|
|
|
| Opening carrying amount/fair value |
4 088 |
78 512 |
31 936 |
47 461 |
27 365 |
15 000 |
204 362 |
|
| Additions/fair value gain |
7 208 |
23 946 |
40 |
27 314 |
12 385 |
418 |
71 311 |
|
| Disposals |
(12) |
(487) |
– |
(817) |
(2 137) |
– |
(3 453) |
|
| Depreciation charge |
(1 468) |
(27 241) |
(4) |
(10 195) |
(6 190) |
– |
(45 098) |
|
| Closing carrying amount/fair value |
9 816 |
74 730 |
31 972 |
63 763 |
31 423 |
15 418 |
227 122 |
|
| At 30 June 2017 |
|
|
|
|
|
|
|
|
| Cost/fair value |
14 998 |
186 268 |
32 568 |
110 360 |
60 625 |
15 418 |
420 237 |
|
| Accumulated depreciation |
(5 182) |
(111 538) |
(596) |
(46 597) |
(29 202) |
– |
(193 115) |
|
| Closing carrying amount/fair value |
9 816 |
74 730 |
31 972 |
63 763 |
31 423 |
15 418 |
227 122 |
|
Investment property consists of land, portion 108 (a portion of portion 27) of the farm Weltevreden 202 Roodepoort,
South Africa. It is held for capital appreciation and is not occupied by the Group.
The valuation was prepared by an independent valuer, J van der Hoven, a property practitioner from ARC Properties.
J van der Hoven obtained his post-graduate master’s degree in architecture (recognised by RIBA and ARB) and has more
than 10 years’ experience as a property practitioner.
Refer to note 8.6 for further detail on the valuation process of the investment property.
The fair value of investment property was determined based on comparable sales method. The valuers have measured
the fair values at R15.4 million as at 30 June 2018.
|