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

6.

Property, plant and equipment

2021

2020

Cost

Accumulated depreciation and accumulated impairment

Carrying value Cost

Accumulated depreciation and accumulated impairment

Carrying value

Computer equipment

84 889 10 489

(60 519) (7 500)

24 370

78 278 10 269

(53 480) (6 490)

24 798

Office furniture and equipment

2 989

3 779

Leasehold improvements

519

(454)

65

570

(408)

162

Total

95 897

(68 473)

27 424

89 117

(60 378)

28 739

Reconciliation of property, plant and equipment - 2021

Opening balance

Additions Disposals Derecognition Depreciation Impairment loss

Total

Computer equipment Office furniture and equipment Leasehold improvements

24 798

9 565

(6)

(47)

(9 862)

(78) (19)

24 370

3 779

219

-

-

(990)

2 989

162

-

-

(5)

(92)

-

65

28 739

9 784

(6)

(52)

(10 944)

(97)

27 424

Reconciliation of property, plant and equipment - 2020

Opening balance

Additions Disposals Derecognition Depreciation Impairment loss

Total

Computer equipment Office furniture and equipment

31 229

4 708

(60)

- -

(11 011) (1 005)

(68) (19)

24 798

4 563

240

-

3 779

Leasehold improvements

662

83

-

(152)

(431)

-

162

36 454

5 031

(60)

(152)

(12 447)

(87)

28 739

Expenditure incurred to repair and maintain property, plant and equipment

Expenditure incurred to repair and maintain property, plant and equipment included in Statement of Financial Performance General expenses

592

408

21

COMPANIES AND INTELLECTUAL PROPERTY COMMISSION I Annual Report 2020/21

91