| |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED |
| for the year ended 30 June 2007 |
| |
All monetary amounts are expressed
in millions of Rands |
Immovable
property |
Owner-occupied
headlease
property |
Plant and
machinery |
Other
equipment |
Total |
| 1. |
PROPERTY, PLANT AND EQUIPMENT (continued) |
|
|
|
|
|
|
Accumulated depreciation and impairment: (continued) |
|
|
|
|
|
|
At 30 June 2006 |
29,2 |
1,8 |
1 127,8 |
93,4 |
1 252,2 |
|
Charge for the year |
8,3 |
– |
294,1 |
28,8 |
331,2 |
|
Impairment loss |
– |
– |
2,5 |
– |
2,5 |
|
Reversal of impairment loss |
– |
– |
(1,3) |
– |
(1,3) |
|
Disposals |
(0,2) |
– |
(45,8) |
(3,1) |
(49,1) |
|
Disposals of businesses |
(2,9) |
– |
(242,4) |
(8,8) |
(254,1) |
|
Reclassification |
4,9 |
– |
(2,1) |
(2,8) |
– |
|
Scrappings |
– |
– |
(18,6) |
(10,7) |
(29,3) |
|
Transfer to headlease property |
– |
(1,8) |
– |
– |
(1,8) |
|
Transfer to assets classified as
held-for-sale |
– |
– |
(3,1) |
– |
(3,1) |
|
Exchange rate adjustment |
– |
– |
5,1 |
– |
5,1 |
|
At 30 June 2007 |
39,3 |
– |
1 116,2 |
96,8 |
1 252,3 |
|
Carrying amount:
At 30 June 2007 |
244,2 |
29,6 |
1 557,4 |
180,0 |
2 011,2 |
|
At 30 June 2006 |
237,4 |
41,6 |
1 296,5 |
138,9 |
1 714,4 |
|
Net carrying amount of capitalised leased assets included in the above is:
At 30 June 2007 |
0,2 |
29,6 |
124,7 |
11,5 |
166,0 |
|
At 30 June 2006 |
4,6 |
41,6 |
171,8 |
10,5 |
228,5 |
Details in respect of immovable property are set out in a register which may be inspected at the Company’s registered office.
The Group has pledged certain plant and machinery as security for certain interest bearing borrowings. (Refer note 15,
Secured liabilities).
During the year, a subsidiary company discontinued the use of certain plant and equipment. This led to an impairment charge of
R2,5 million (2006: R4,3 million) that has been recognised in earnings for the year (note 26). In addition, an amount of R1,3 million
(2006: R2,6 million) raised as an impairment provision against plant and equipment in the prior year, was released.
The following average depreciation periods are used for the depreciation of property, plant and equipment: |
| – |
immovable property – land |
Not depreciated |
|
| – |
immovable property – building |
20 to 40 years |
on a straight-line basis |
| – |
owner occupied headlease property |
30 to 40 years |
on a straight-line basis |
| – |
plant and machinery |
3 to 30 years |
on a straight-line basis |
| – |
other equipment |
3 to 10 years |
on a straight-line basis |
|
|
| |
| |
|
|
