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Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
10. PROPERTY, PLANT AND EQUIPMENT
Freehold
land and
buildings
R'000
Leasehold
improve-
ments
R'000
Plant,
equipment
and vehicles
R'000
Computer
equipment
R'000
Furniture
and
fittings
R'000
Work in
progress
R'000
Total
R'000
2016
Carrying value at beginning of
year
Cost
885 616
99 728
893 411
196 587
55 833
34 138 2 165 313
Accumulated depreciation
(93 360)
(48 454)
(343 411)
(157 853)
(31 407)
– (674 485)
Net book value at beginning of
year
792 256
51 274
550 000
38 734
24 426
34 138 1 490 828
Current year movements – cost
Additions
2 852
461
22 262
355
608
68 904
95 442
Transfer
19 077
1 446
31 894
16 262
1 914
(70 593)
–
Exchange rate adjustments
11 094
971
10 137
2 762
2 204
(50)
27 118
Reclassification to assets held-for-
sale (note 2.2)
(20 988)
(6 710)
(9 529)
(17 336)
(17 750)
–
(72 313)
Disposals
(195)
–
(13 572)
(7 322)
(850)
–
(21 939)
Cost movement for current year
11 840
(3 832)
41 192
(5 279)
(13 874)
(1 739)
28 308
Current year movements –
accumulated depreciation
Depreciation*
(21 210)
(9 247)
(79 212)
(24 125)
(5 110)
– (138 904)
Exchange rate adjustments
(1 191)
(241)
(7 209)
(2 296)
(914)
–
(11 851)
Impairment
(15 892)
(1 086)
(1 248)
(89)
(467)
–
(18 782)
Reclassification to assets held-for-
sale (note 2.2)
16 391
2 879
10 309
14 729
8 771
–
53 079
Disposals
161
–
12 643
7 095
596
–
20 495
Accumulated depreciation
movement for current year
(21 741)
(7 695)
(64 717)
(4 686)
2 876
–
(95 963)
Carrying value at end of year
Cost
897 456
95 896
934 603
191 308
41 959
32 399 2 193 621
Accumulated depreciation
(115 101)
(56 149)
(408 128)
(162 539)
(28 531)
– (770 448)
Net book value at end of year
782 355
39 747
526 475
28 769
13 428
32 399 1 423 173
Property, plant and equipment with a carrying value of R40.5 million in Datlabs have been pledged as security for the bank overdraft of
the Zimbabwean operation. Refer note 17.
*Depreciation split as follows:
21 210
9 247
79 212
24 125
5 110
–
138 904
Continuing operations
20 863
9 215
78 128
24 105
5 080
137 391
Discontinued operations
347
32
1 084
20
30
1 513
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS