ECIC IR 2023

ANNUAL Financial Statements for the year ended 31 March 2023

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

Notes to the Financial Statements

Reconciliation of property and equipment – 2023

Opening balance R’000

Translation effect R’000

Closing balance R’000

Additions R’000

Write-off R’000

Disposals R’000

Depreciation R’000

Owned assets Furniture and fittings

326

-

-

-

(121)

(7)

198

Office equipment Computer equipment

369

121

-

-

(95)

30

425

1 856 2 551

1 620 1 741

- -

- -

(932)

268 291

2 812 3 435

(1 148)

Leased assets Building

-

24 003

-

-

(1 789)

670

22 884

Computer equipment

127 127

-

- -

- -

(130)

3

-

24 003

(1 919)

673

22 884

2 678

25 744

-

-

(3 067)

964

26 319

Reconciliation of property and equipment – 2022

Opening balance R’000

Translation effect R’000

Closing balance R’000

Additions R’000

Write-off R’000

Disposals R’000

Depreciation R’000

Owned assets Furniture and fittings

770

-

-

-

(311)

(133)

326

Office equipment Computer equipment

869

-

(190)

-

(134)

(176)

369

1 586 3 225

1 072 1 072

(27)

(26) (26)

(606)

(143) (452)

1 856 2 551

(217)

(1 051)

Leased assets Building

2 734

-

-

-

(2 805)

71

-

Computer equipment

303

- -

- -

- -

(172)

(4) 67

127 127

3 037

(2 977)

6 262 2 678 The lease contract for the printers (computer equipment) came to an end during the current financial year, the leased assets have since been derecognised on expiry of these lease contracts. 1 072 (217) (26) (4 028) (385)

Property and equipment encumbered as security None of the property and equipment is pledged as security for liabilities.

YOUR EXPORT RISK PARTNER

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