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

Reconciliation of property, plant and equipment ‑ 2019 Opening balance Additions

Disposals Depreciation disposal Depreciation Total

-

Furniture and fixtures

1,204,236

82,477

(65,935)

(158,358)

1,062,420

-

-

-

Motor vehicles

218,382 996,297

(70,890)

147,492 843,433

Office equipment

68,599 549,03

(156,879) (265,902)

178,920 212,020

(243,504) (806,027)

IT equipment

2,143,380

1,832,502

Leasehold improvements

-

-

3,614,646

88,900

(1,477,147)

2,226,399

-

Research Equipment

627,010

4,180,143

(293,143)

(615,245)

3,898,765

Leased Office Equipment

-

1,118,897

548,170

(394,461)

(525,025)

747,581

9,922,848

5,517,320 (1,176,320)

390,940 (3,896,196)

10,758,592

4. Intangible assets

2020

2019

Carrying value

Carrying value

Cost / Valuation

Accumulated amortisation and accumulated impairment

Cost / Valuation

Accumulated amortisation and accumulated impairment

Intangible assets

4,782,438 (2,117,011)

2,665,427

4,136,324 (3,963,816)

172,508

Reconciliation of intangible assets ‑ 2020

Opening balance

Additions Amortisation

Total

Intangible assets

172,508 3,894,86

(1,401,948)

2,665,427

Reconciliation of intangible assets ‑ 2019

Opening balance

Additions Amortisation

Total

Intangible assets

1,158,572

172,500

(1,158,564)

172,508

5. Operating lease liability (accrual) Non‑current liabilities

-

(183,770) (213,225) (396,995)

Current liabilities

(229,230) (229,230)

86

“EVERY MINE WORKER RETURNING FROM WORK UNHARMED EVERYDAY”