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AFRICAN DAWN ANNUAL REPORT 2020

Notes to the Financial Statements
Annual Financial Statements For the year ended 29 February 2020

3. Property, plant and equipment

Group 2020 2019
R’000 R’000
Accumulated Accumulated
depreciation depreciation
and Carrying and Carrying
Cost impairment amount Cost impairment amount
Land and buildings right-of-use assets* 2,354 (658) 1,696 - - -
Furniture and fixtures 354 (334) 20 354 (323) 31
Motor vehicles 642 (422) 220 642 (394) 248
Office equipment 593 (567) 26 593 (542) 51
IT equipment 493 (485) 8 493 (480) 13
Total 4,436 (2,466) 1,970 2,082 (1,739) 343

Company 2020 2019
R’000 R’000
Accumulated Accumulated
depreciation depreciation
and Carrying and Carrying
Cost impairment amount Cost impairment amount
Furniture and fixtures 110 (104) 6 110 (94) 16
Total 110 (104) 6 110 (94) 16

* The land and buildings consist of several premises that are lease by the group and were raised in terms of IFRS 16 – refer to note 15 lease
liability. The leases range between 3 to 6 years.

Reconciliation of property, plant and equipment - Group – 2020 R’000

Opening Raised in terms Closing
balance of IFRS 16* Additions Depreciation balance
Land and buildings right-of-use asset - 1,797 557 (658) 1,696
Furniture and fixtures 31 - - (11) 20
Motor vehicles 248 - - (28) 220
Office equipment 51 - - (25) 26
IT equipment 13 - - (5) 8
343 1,797 557 (727) 1,970

Reconciliation of property, plant and equipment - Group – 2019 R’000

Opening Closing
balance Additions Depreciation balance
Furniture and fixtures 53 - (22) 31
Motor vehicles 254 - (6) 248
Office equipment 76 - (25) 51
IT equipment 17 2 (6) 13
400 2 (59) 343

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