Page 64

AFRICAN DAWN Annual Report 2016

continued Notes to the Financial Statements Annual Financial Statements For the year ended 29 February 2016 3. Property, plant and equipment (continued) Reconciliation of property, plant and equipment - Company – 2015 R’000 Opening Balance Additions Disposals Depreciation Closing balance R ‘000 R ‘000 R ‘000 R ‘000 R ‘000 Furniture and fixtures 76 100 (67) (14) 95 Office equipment - 2 (2) - - IT equipment 9 51 8 (24) 45 Leasehold improvements - 55 - (11) 43 85 208 (61) (49) 183 Motor vehicles with a cost of R128,900 (2015:R753,241) and a carrying amount of R41,600 (2015: R289,000) are held as security under the finance lease indicated in note 16. 4. Goodwill 2016 Cost Accumulated impairment Carrying amount Group Goodwill 8,076 - 8,076 Reconciliation of goodwill - Group - 2016 Opening balance Additions through business combinations Closing balance Goodwill 8,076 - 8,076 2015 Cost Accumulated impairment Carrying amount Group Goodwill 8,076 - 8,076 Reconciliation of goodwill - Group - 2015 Opening balance Additions through business combinations Closing balance Goodwill - 8,076 8,076 62 AFRICAN DAWN ANNUAL REPORT 2016


AFRICAN DAWN Annual Report 2016
To see the actual publication please follow the link above