NOTES TO THE ANNUAL FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2007

 
« Note 1 Note 3 »
   

2. 

 PROPERTY, PLANT AND EQUIPMENT 
    Land and   Machinery    Office   
  buildings  and equipment   Vehicles  equipment  Total 
  R million  R million  R million  R million  R million 
Carrying value at 1 April 2005  2 289  1 521  104  81  3 995 
   Cost  2 673  3 123  244  225  6 265 
   Accumulated depreciation  (384) (1 602) (140) (144) (2 270)
Additions  245  361  43  40  689 
Disposals  (17) (5) (7) –  (29)
Depreciation  (31) (214) (23) (25) (293)
Businesses acquired  126  29  102  18  275 
Businesses disposed  –  (1) –  (1) (2)
Medi-Clinic*  (1 730) (481) –  (100) (2 311)
Other  (8) 2  –  –  (6)
Carrying value at 31 March 2006  874  1 212  219  13  2 318 
   Cost  1 267  2 312  376  39  3 994 
   Accumulated depreciation  (393) (1 100) (157) (26) (1 676)
Additions  102  300  78  22  502 
Disposals  (5) (4) (6) –  (15)
Depreciation  (27) (167) (26) (3) (223)
Other  (153) 13  –  –  (140)
           
Carrying value at 31 March 2007  791  1 354  265  32  2 442 
Cost  1 199  2 582  429  47  4 257 
Accumulated depreciation  (408) (1 228) (164) (15) (1 815)
           
* Since 1 January 2006, Medi-Clinic has been accounted for as an associated company, while it was consolidated previously. 
           
        2007  2006 
Depreciation rates are as follows:        %  % 
Buildings        0 – 50  0 – 50 
Machinery and equipment        3 – 100  2 – 100 
Vehicles        4 – 33  5 – 33 
Office equipment        5 – 33  5 – 33 
           

Liabilities resulting from mortgage loans, finance leases and instalment sale agreements are secured by vehicles with a book value of R1 million (2006: R2 million).

The registers containing details of land and buildings are available for inspection by members or their proxies at the registered offices of the companies to which the relevant properties belong.