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

Reconciliation of property, plant and equipment - 2023

Opening Ballance

Additions

Retired-Cost

Retired-

Depreciation

Total

Accumelated depreciation

Furniture and fixtures

680 771 84 682 505 920 6 261 568 7 532 941

- -

(26 794) (226 054) (171 939) (848 171) (1 272 958)

26 794 219 185 171 630 814 914

(258 872)

421 899

Motor vehicles

(77 813)

-

Office equipment

151 145 261 749 412 894

(206 445) (3 632 311) (4 175 441)

450 311

IT equipment

2 857 749 3 729 959

1 232 523

8. Intangible assets

2024

2023

Cost /

Accumulated Carrying value

Cost /

Accumulated depreciation

Carrying

Valuation

depreciation

Valuation

value

and Accumulated

and Accumulated

impairment

impairment

Computer software

8 906 800

(5 715 184)

3 191 616

5 066 918

(2 869 282)

2 197 636

152

Road Traffic Infringement Agency • Annual Report 2023/24