Notes to the annual financial statements
FOR THE YEAR ENDED 31 MARCH 2008
| « 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 2006 | 874 | 1 211 | 219 | 13 | 2 317 | |
| Cost | 1 267 | 2 311 | 376 | 39 | 3 993 | |
| 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) | |
| Transfer to assets held for sale | (123) | (17) | – | – | (140) | |
| Other | (30) | 30 | – | – | – | |
| Carrying value at 31 March 2007 | 791 | 1 353 | 265 | 32 | 2 441 | |
| Cost | 1 199 | 2 581 | 429 | 47 | 4 256 | |
| Accumulated depreciation | (408) | (1 228) | (164) | (15) | (1 815) | |
| Additions | 225 | 187 | 49 | 3 | 464 | |
| Disposals | (5) | (2) | (6) | (1) | (14) | |
| Depreciation | (30) | (188) | (31) | (2) | (251) | |
| Businesses acquired | – | 1 | – | – | 1 | |
| Transfer to assets held for sale | (40) | (19) | (12) | – | (71) | |
| Other | (45) | 40 | 2 | 1 | (2) | |
| Carrying value at 31 March 2008 | 896 | 1 372 | 267 | 33 | 2 568 | |
| Cost | 1 320 | 2 740 | 421 | 51 | 4 532 | |
| Accumulated depreciation | (424) | (1 368) | (154) | (18) | (1 964) | |
| 2008 | 2007 | |||||
| Depreciation rates are as follows: | % | % | ||||
| Buildings | 0 – 50 | 0 – 50 | ||||
| Machinery and equipment | 3⅓ – 100 | 3⅓– 100 | ||||
| Vehicles | 4 – 33⅓ | 4 – 33⅓ | ||||
| Office equipment | 5 – 33⅓ | 5 – 33⅓ | ||||
Liabilities resulting from mortgage loans, finance leases and instalment sale agreements are secured by assets with a book value of 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. |
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