AFRICAN DAWN ANNUAL REPORT 2017 Notes to the Financial Statements Annual Financial Statements For the year ended 28 February 2017 continued Reconciliation of property, plant and equipment - Group – 2016 R’000 Opening balance Additions Disposals Depreciation 52 Closing balance Furniture and fixtures 146 28 - (39) 135 Motor vehicles 289 214 (120) (83) 300 Office equipment 187 169 - (94) 262 IT equipment 271 159 (114) (161) 155 Leasehold improvements 43 - - (16) 27 Telephone equipment 1 - - (1) - 937 570 (234) (394) 879 Reconciliation of property, plant and equipment - Company – 2017 R’000 Opening balance Additions Disposals Depreciation Closing Balance Furniture and fixtures 75 - - (20) 55 Office equipment - - - - - IT equipment 27 - - (18) 9 Leasehold improvements 27 - - (21) 6 129 - - (59) 70 Reconciliation of property, plant and equipment - Company – 2016 R’000 Opening balance Additions Disposals Depreciation Closing Balance Furniture and fixtures 95 - - (20) 75 Office equipment - - - - - IT equipment 45 - - (18) 27 Leasehold improvements 43 - - (16) 27 183 - - (54) 129 Motor vehicles with a cost of R128,900 (2016:R128,900) and a carrying amount of R- (2016: R41,600) were held as security under the finance lease indicated in note 16.
AFRICAN DAWN 2017
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