CIPC Annual Report V1

Companies and Intellectual Property Commission Annual Financial Statements for the year ended 31 March 2021 Notes to the Annual Financial Statements

2021

2020

R '000

R '000

26. Operating lease commitments

March 2021

0-1 Years

2-5 Years

Total

The dtic Campus - Office

22 293

24 522

46 815

Katanga parking

111 223 336 360

- -

111 223

Hollard street: Johannesburg Norton Rose House: Cape Town

729 733

1 065 1 093 4 173

Suncardia Mall: Pretoria

Iron Mountain - Off-site file storage Iron mountain - Backup storage facility

4 173

-

65

63

128 311

Bytes - Printers

311

-

27 872

26 047

53 919

March 2020

0-1 Years

2-5 Years

Total

The dtic Campus - Office

20 266

- -

20 266

Katanga parking

111 520

111 743

Hollard street: Johannesburg Johannesburg Stock Exchange Norton Rose House: Cape town

223

66 24

- -

66 24

Suncardia Mall: Pretoria

333

1 093

1 426 9 931

Iron Mountain - Off-site file storage Iron Mountain - Backup storage facility

9 931

-

60

128

188 746 440

Bytes - Printers Pakhisa Fleet

746 440

- -

32 497

1 444

33 941

The dtic Campus - Office The offices are based at 77 Mentjies street, in Sunnyside, Pretoria. The lease term is two years, from 01 April 2021 to 31 March 2023. The lease rental escalates at 10% per annum. Katanga Parking Relates to the lease of parking bays at the dtic campus. The lease term is 12 months from 01 October 2020 to 30 September 2021. There is no annual escalation applicable. Hollard Street: Johannesburg - Offices The offices are based in Hollard street, Johannesburg. The lease term is three years from, 01 September 2018 to 31 August 2021. The lease rental escalates at 8% per annum. Norton Rose House: Cape Town - Offices The office is based at Norton Rose House, Cape Town. The lease term is 60 months from 01 April 2019 to 31 March 2024 and escalates at 5.5% per annum. Suncardia Mall: Pretoria - Offices The offices are based at Suncardia Mall, Pretoria. The lease term is five years from 01 February 2019 to 31 January 2024. The lease rental escalates at 8% per annum Iron Mountain - Off-site file storage The lease is for an off-site file storage facility. The lease term is based on an extension period from 01 March 2021 - 31 August 2021. The commitment is based on the maximum estimated storage space which may be utilised by the CIPC. However, the expense is based on the actual storage space utilised and results in differing monthly costs. Iron Mountain - Backup storage facility The lease is for a backup storage facility. The lease period is three years, from 01 March 2020 to 28 February 2023. The lease rental escalates at 7.4% per annum. Bytes - Printers Relates to a lease for printers at the CIPC offices in Pretoria. The lease termis based on an extension period from 01 March 2021 - 31 August 2021. There is no escalation clause applicable.

30

COMPANIES AND INTELLECTUAL PROPERTY COMMISSION I Annual Report 2020/21

100