CAV Annual Report 2021

CENTURION AEROSPACE VILLAGE NPC Registration Number: 2000/006996/08 ANNUAL FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

NOTES TO THE ANNUAL FINANCIAL STATEMENTS

2021

2020

R

R

3. Property, Plant and Equipment

2021

2020

Cost

Accumulated depreciation

Carrying value

Cost

Accumulated depreciation

Carrying value

Assets under construction

90 259 666 27 385 119 2 659 812

-

90 259 666 18 610 306

87 918 262 27 306 098 2 659 812

-

87 918 262 19 901 149

Buildings

(8 774 813) (2 659 812) (327 418) (381 470) (26 625) (393 301)

(7 404 949) (2 659 812) (310 857) (333 806) (24 837) (385 367)

Training equipment Furniture and fixtures Computer equipment

-

-

406 853 697 422 30 200 417 105

79 435 315 952

376 907 364 832 30 200 417 105

66 049 31 026

Motor vehicle

3 575

5 363

Plant and machinery

23 804

31 738

Total

121 856 176 (12 563 439) 109 292 738 119 073 215 (11 119 628) 107 953 587

Reconciliation of Property, Plant and Equipment – 2021 Opening Balance

Additions

Disposals

Depreciation

Total

Assets under construction

87 918 262 19 901 149

2 341 404

- - - - - - -

-

90 259 666 18 610 306

Buildings

79 021 29 947 343 005

(1 369 864)

Furniture and fixtures Computer equipment

66 049 31 026

(16 560) (58 080) (1 788) (7 934)

79 435 315 952

Motor vehicle

5 363

- -

3 575

Plant and machinery

31 738

23 804

107 953 587

2 793 376

(1 454 225)

109 292 738

Reconciliation of Property, Plant and Equipment- 2020 Opening Balance

Additions

Disposals

Depreciation

Total

Assets under construction

72 396 744 18 639 928

15 521 518 2 387 394

- - - - - - -

-

87 918 262 19 901 149

Buildings

(1 126 173)

Furniture and fixtures Computer equipment

23 636 61 920 11 403 66 548

56 024

(13 611) (30 893) (6 040) (34 810)

66 049 31 026

- - -

Motor vehicle

5 363

Plant and machinery

31 738

91 200 179

17 964 935

(1 211 528)

107 953 587

Details of property Buildings and assets under construction are for the development of an aerospace and defence Supplier Park, on Portions 11, 19, 34, 97 and 28R of the FarmWaterkloof 378 JR, Pierre van Ryneveld ext 33. The property is built on land which is registered in the name of the Department of Public Works.

CENTURION AEROSPACE VILLAGE NPC I ANNUAL REPORT I 2020/21

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