HDA Annual Report

ANNUAL REPORT 2023/24 Notes to the Annual Financial Statements

Restated 2023

Figures in R’000

2024

1. Property, plant and equipment

2023 Carrying value

2024 Carrying value

Accumulated depreciation

Accumulated depreciation

Cost

Cost

Assets ^Land

92 143 55 877

-

92 143 41 693

41 436

- -

41 436

*Buildings

14 184

-

-

Furniture and fittings Electronic hardware

3 525 3 374 1 152 8 259 3 531 1 832

2 000 1 871

1 525 1 503

4 827 2 156 1 948 5 983 3 531

2 515

2 312 1 649

507

Office equipment

752

400

1 348 2 980 3 499

600

Computer equipment Leasehold improvements Capitalised leased assets

4 851 3 531

3 408

3 003

-

32 35 61

51

1 781

940

905

Paintings

35

-

35

61

-

169 728

27 240 142 488 60 882

11 754 49 128

^Land ^SABC Seapoint Land valued at R46,2m was registered in the name of the agency in September 2023. Upon transfer to the name of the agency, that land was classified as property plant and the equipment which is in line with GRAP 17. ^During financial the year, the HDA Board approved the donation of various erven in Knysna Local Municipality (erven RE/ 17845, 17847, RE/18093 and 20524 measuring 31.0019 hectares) valued at R1.7m to the municipality for human settlements development. The land parcels will be removed from the Agency’s books upon transfer and registration of the land parcels in the name of the municipality, the process is underway. *Building * Eskom Building valued at R60,3m was registered in the name of the agency in August 2023. Upon transfer to the name of the agency, that land was classified as property plant and the equipment which is in line with GRAP 17.

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