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

6. Intangible assets

2023

2022

Accumulated amortisation R’000

Carrying value R’000

Accumulated amortisation R’000

Carrying value R’000

Cost R’000

Cost R’000

Computer software and models

-

-

-

5 479

(5 194)

285

Reconciliation of intangible assets – 2023

Opening balance R’000

Translation effect R’000

Closing balance R’000

Derecognised R’000

Computer software and models

285

(252)

(33)

-

Reconciliation of intangible assets – 2022

Opening balance R’000

Translation effect R’000

Closing balance R’000

Amortisation R’000

Computer software and models

1 117

(691)

(141)

285

Pledged as security None of the intangible assets are pledged as security for liabilities. The computer software was derecognised in the current financial year as the Corporation does not have control over the resources as these are hosted on cloud.

7. Property and equipment

2023

2022

Accumulated depreciation R’000

Carrying value R’000

Accumulated depreciation R’000

Carrying value R’000

Cost R’000

Cost R’000

Owned assets Furniture and fittings Motor vehicles Office equipment

11 027

(10 829)

198

8 957

(8 631)

326

235

(235)

-

191

(191)

-

2 992

(2 567)

425

2 325

(1 956)

369

Computer equipment

7 652

(4 840)

2 812 3 435

4 879

(3 023)

1 856 2 551

21 906

(18 471)

16 352

(13 801)

Leased assets Building

24 727

(1 843)

22 884

-

-

-

Computer equipment

-

-

-

454 454

(327) (327)

127 127

24 727

(1 843)

22 884

Total

46 633

(20 314)

26 319

16 806

(14 128)

2 678

YOUR EXPORT RISK PARTNER

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