AFRICAN DAWN ANNUAL REPORT 2018 Notes to the Financial Statements continued Annual Financial Statements For the year ended 28 February 2018 Reconciliation of property, plant and equipment - Group – 2017 R’000 Opening balance Additions Disposals Depreciation 53 Closing balance Furniture and fixtures 135 - - (37) 98 Motor vehicles 300 - - (28) 272 Office equipment 262 10 (12) (95) 165 IT equipment 155 34 (25) (100) 64 Leasehold improvements 27 - - (21) 6 879 44 (37) (282) 605 Reconciliation of property, plant and equipment - Company – 2018 R’000 Opening balance Additions Disposals Depreciation Closing Balance Furniture and fixtures 55 - - (20) 35 IT equipment 9 - - (8) 1 Leasehold improvements 6 - - (6) - 70 - - (34) 36 Reconciliation of property, plant and equipment - Company – 2017 R’000 Opening balance Additions Disposals Depreciation Closing Balance Furniture and fixtures 75 - - (20) 55 IT equipment 27 - - (18) 9 Leasehold improvements 27 - - (21) 6 129 - - (59) 70 During the year property, plant and equipment with a book value of nil were scrapped for nil. The original cost and accumulated depreciation of the scrapped property, plant and equipment were, furniture and fittings R36 thousand, Office Equipment R8 thousand and IT equipment R358 thousand.
AFRICAN DAWN 2018 Annual Report
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