Printing SA Annual Report 2024/2025

Printing Industries Federation Of South Africa (PIFSA) NPC (Registration number: 1990/001772/08) Annual Financial Statements for the year ended 31 December 2024 Notes to the Annual Financial Statements Figures in Rand 2024 2023 2. Property, plant and equipment 2024 2023 Cost Cost

Accumulated depreciation

Carrying value

Accumulated depreciation

Carrying value

Buildings

4 600 000 1 201 251

(92 000) 4 508 000 4 600 000

- 4 600 000

Furniture and fixtures

(904 420) (337 946) (1 135 624) (398 763)

296 831 1 191 951

(787 395) (319 106) (1 067 405) (397 588)

404 556 37 262 124 647

Office equipment

349 585

11 639

356 368

Computer equipment Computer software

1 171 162

35 538 1 192 052

398 771 47 192

8 4

398 771 47 192

1 183 1 967

Learning material

(47 188)

(45 225)

Total

7 767 961

(2 915 941) 4 852 020 7 786 334

(2 616 719) 5 169 615

Reconciliation of property, plant and equipment - 2024 Opening balance

Additions DisposalsDepreciation Closing balance

Buildings

4 600 000

-

- -

(92 000) 4 508 000

Furniture and fixtures

404 556 37 262 124 645

9 299

(117 024) (22 118) (89 107)

296 831 11 639 35 538

Office equipment

- - - -

(3 505)

Computer equipment Computer software

- - -

1 183 1 967

(1 175) (1 963)

8 4

Learning material

5 169 613

9 299

(3 505)

(323 387) 4 852 020

Reconciliation of property, plant and equipment - 2023

Opening balance 4 600 000

Additions Depreciation Closing balance

Buildings

-

- 4 600 000

Furniture and fixtures

503 512 31 758 136 427 47 152 25 562

16 801 26 916 106 891

(115 757) (21 412) (118 671) (45 969) (23 595)

404 556 37 262 124 647

Office equipment

Computer equipment Computer software

- -

1 183 1 967

Learning material

5 344 411

150 608

(325 404) 5 169 615

Details of properties ERF 253 Halfway House Township Extension 12 - Purchase price

3 201 754 1 398 246 (92 000) 4 508 000

3 201 754 1 398 246

-Revaluation -Depreciation

-

4 600 000 The accounting treatment used in prior years was not consistent with the accounting policy stated on the annual financial statements In accordance with the International Financial Reporting Standards for Small and Medium Sized Firms the property will be accounted for using the cost model

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