ELRC 202324 Annual Report

Financial Statements for the year ended 31 March 2024 EDUCATION LABOUR RELATIONS COUNCIL | 2023/24 ANNUAL REPORT

L EDUCATION LABOUR RELATIONS COUNCI

Additions Disposals Depreciation Total

Furniture and fittings 2 183 321 (1 844 787) 338 534 2 159 662 (1 837 812) 321 850 Motor vehicles 499 000 (488 546) 10 454 499 000 (484 271) 14 729

Furniture and fittings 321 850 121 663 (21 956) (83 023) 338 534 Motor vehicles 14 729 - - (4 275) 10 454

Office equipment 1 040 002 (577 611) 462 391 947 241 (498 246) 448 995

Lifts 702 669 (228 028) 474 641 702 669 (199 831) 502 838

Generators 599 576 (207 390) 392 186 599 576 (183 326) 416 250

Generators 416 250 - - (24 064) 392 186 Lifts 502 838 - - (28 197) 474 641

Office equipment 448 995 110 122 (2 528) (94 198) 462 391

Carrying Value

Computer equipment 5 616 914 (3 866 834) 1 750 080 5 575 583 (3 578 056) 1 997 527 45 271 805 (22 799 031) 22 472 774 45 025 054 (21 285 758) 23 739 296

Land 1 000 000 - 1 000 000 1 000 000 - 1 000 000

Land 1 000 000 - - - 1 000 000

Computer equipment 1 997 527 467 404 (16 905) (697 946) 1 750 080 23 739 296 788 189 (41 389) (2 013 323) 22 472 774

Buildings 33 630 323 (15 585 835) 18 044 488 33 541 323 (14 504 215) 19 037 108

Buildings 19 037 108 89 000 - (1 081 620) 18 044 488

depreciation

March 2024 March 2023 Cost

Accumulated

Carrying Value

Balance

Opening

depreciation

Accumulated

Cost

Reconciliation of property and equipment: 31 March 2024

Property and equipment

NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Note 2

144