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AFRICAN DAWN ANNUAL REPORT 14

Notes to the Financial Statements continued 2014 2013 Reconciliation of property, Opening plant and equipment - balance Disposals Depreciation Total Company - 2014 R'000 R'000 R'000 R'000 Furniture and fixtures 80 - (4) 76 Office equipment 5 - (5) - IT equipment 49 (3) (37 9 Total 134 (3) (46) 85 Reconciliation of property, Opening Impairment plant and equipment - balance Additions Depreciation loss Total Company - 2013 R'000 R'000 R'000 R'000 Furniture and fixtures 147 (30) (58) 21 80 Office equipment 13 - (8) - 5 IT equipment 134 67 (21) (131) 49 Total 294 37 (87) (110) 134 AFRICAN DAWN 4 8 ANNUAL REPORT 2014 Pledged as security Motor vehicles which have been included in the Non-current asset held for sale during the current year with a cost of R753,241 (2013: R753,241) are held as security under the finance lease indicated in note 17. A register containing the information required by Regulation 25(3) of the Companies Regulations, 2011 is available for inspection at the registered office of the company. 2014 2013 4. Intangible assests Accumulated Carrying Accumulated Carrying Group Cost amortisation value Cost amortisation value R '000 R '000 R '000 R '000 R '000 R '000 Micro finance software - - - 829 (10) 819 Medical finance software - - - 973 - 973 Total - - - 1,802 (10) 1,792 Reconcilliation of intangible assests Opening Classified as Group - 2014 balance Additions held for sale Toatal Micro finance software 819 171 (990) - Medical finance software 973 880 (1,853) - Total 1,792 1,051 (2,843) - Reconcilliation of intangible assests Opening Classified as Group - 2013 balance Additions held for sale Toatal Micro finance software - 829 (10) 819 Medical finance software - 973 - 973 Total - 1,802 (10) 1,792 The computer software relate to internally generated computer systems that were specifically developed to support and upkeep the unsecured and medical finance business model. The costs are amortised over the period of the expected use from the related project on a straight-line basis. The carrying value is reviewed for impairment on an annual basis. Included in computer software is the cost of R1,262,220 (2013: R 1,441,991) attributable to software, relating to an asset under construction and not yet amortised.


AFRICAN DAWN ANNUAL REPORT 14
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