GPW_AR_2013_Final_v10.pdf

125 year anniversary

NOTES TO THE ANNUAL FINANCIAL STATEMENTS Annual Financial Statements for the year ended 31 March 2013

16. OPERATING LEASES

The GPW leases of ½ ces under lease agreements.The leases have varying terms, escalation clauses and renewal rights.

The future aggregate minimum lease payments under operating leases are as follows:

6´

6´

6´

Up to 1 year

1 to 5 years

More than 5 years

R 4,078

R 6,578

R nil

17. DEPRECIATION AND AMORTISATION - OPERATING EXPENDITURE

2013

2012

R ‘000

R ‘000

Depreciation - operating expenditure Plant and machinery

77

52

Motor vehicles Of ½ ce equipment

-

124 691

667

Computer equipment

7,693 8,437

2,558 3,425

Amortisation - operating expenditure Computer software

2,090

-

Depreciation - operating expenditure Amortisation - operating expenditure

8,437 2,090

3,425

-

10,527

3,425

18. EMPLOYEE BENEFITS

2013

2012

R ‘000

R ‘000

Salaries and wages

109,458

92,059

Employer contributions: Pension

8,524 4,400 6,580

7,432 3,798 6,228

Housing Medical

Public Service Co-ordinate Bargaining Council General Public Service Bargaining Council

3

3

28

26

128,993

109,546

56