RTIA Annual Report E-Book

Road Traffic Infringement Agency Annual Financial Statements for the year ended 31 March 2024 __________________________________________________________________________________________________________________________________________________________ Notes to the Annual Financial Statements Figures in Rand 7. Property, plant and equipment 2024 2023 Cost / Accumulated Carrying value Cost / Accumulated Carrying Valuation depreciation Valuation depreciation value and Accumulated and Accumulated impairment impairment Furniture and fixtures 2 841 908 (2 654 582) 187 326 2 841 908 (2 420 009) 421 899 Motor vehicles 2 157 988 (2 157 988) - 2 157 988 (2 157 988) - Office equipment 1 265 277 (979 733) 285 544 1 230 088 (779 777) 450 311 IT equipment 10 377 161 (9 326 342) 1 050 819 10 333 033 (7 475 284) 2 857 749 Total 16 642 334 (15 118 645) 1 523 689 16 563 017 (12 833 058) 3 729 959

Reconciliation of property, plant and equipment - 2024

Opening Ballance

Additions

Retired-Cost

Retired-

Depreciation

Total

Accumelated depreciation

Furniture and fixtures

421 899 450 311

-

- -

- -

(234 573) (199 955) (1 886 395) (2 320 923)

187 326 285 544 1 050 819 1 523 689

Office equipment

35 188 111 628 146 816

IT equipment

2 857 748 3 729 958

(67 500) (67 500)

35 338 35 338

151

Road Traffic Infringement Agency • Annual Report 2023/24