MHSC ANNUAL REPORT 2020

MINE HEALTH AND SAFETY COUNCIL ▪ ANNUAL REPORT 2019/20

Mine Health and Safety Council for the year ended March 31, 2020

Notes to the Financial Statements

2020 R

2019 R

3. Property, plant and equipment

2020

2019

Carrying value

Carrying value

Cost / Valuation

Accumulated depreciation and accumulated impairment

Cost / Valuation

Accumulated depreciation and accumulated impairment

Furniture and fixtures

1,946,062 (1,040,524)

905,538

1,946,065

(883,645) (301,381) (930,405)

1,062,420

Motor vehicles

1,663,360

(534,083)

1,129,277

448,873

147,492 843,433

Office equipment

1,843,363 (1,183,850) 6,347,497 (4,971,960)

659,513

1,773,838

IT equipment

1,375,537

6,113,335 (4,280,833)

1,832,502

Leasehold improvements

4,892,997 (4,140,337)

752,660

4,892,997 (2,666,598)

2,226,399

Research Equipment

4,856,000 (4,717,584)

138,416

4,856,000

(957,235)

3,898,765

Leased Office Equipment

1,425,489 (1,153,071)

272,418

1,425,489

(677,908)

747,581

Total

22,974,768 (17,741,409)

5,233,359 21,456,597 (10,698,005)

10,758,592

Reconciliation of property, plant and equipment ‑ 2020 Opening balance Additions

Disposals Depreciation

Total

-

-

Furniture and fixtures

1,062,420

(156,882) (232,702) (253,445) (724,628)

905,538

-

Motor vehicles

147,492 843,433

1,214,487

1,129,277

-

Office equipment

69,525

659,513

IT equipment

1,832,502

296,781

(29,118)

1,375,537

Leasehold improvements

-

-

2,226,399

(1,473,739)

752,660

-

Research Equipment

3,898,765

(26)

(3,760,323)

138,416

Leased Office Equipment

-

-

747,581

(475,163)

272,418

10,758,592

1,580,793

(29,144)

(7,076,882)

5,233,359

85

“EVERY MINE WORKER RETURNING FROM WORK UNHARMED EVERYDAY”