SACAA Annual Report 2022_23

S

Annual Financial Statements for the year ended 31 March 2023

R

A

Y

E

Notes to the Annual Financial Statements

8. Intangible assets

2023

2022

Cost

Accumulated amortisation

Carrying value

Cost

Accumulated amortisation

Carrying value

Computer software

81 726 414 (27 367 492) 54 358 922 77 492 335 (23 194 901) 54 297 434

Work in progress*

7 119 737

-

7 119 737 12 740 676

- 12 740 676

Total

88 846 151 (27 367 492) 61 478 659 90 233 011 (23 194 901) 67 038 110

Reconciliation of intangible assets - 2023 Opening balance

Disposals

Transfers Amortisation

Total

Computer software Work in progress*

54 297 434 (369 537) 5 620 939 (5 189 914) 54 358 922

12 740 676

- (5 620 939)

-

7 119 737

67 038 110 (369 537)

-

(5 189 914) 61 478 659

Reconciliation of intangible assets - 2022 Opening balance

Additions

Disposals

Transfers Amortisation

Total

Computer software 53 062 239

-

(50 530) 6 740 682 (5 454 957) 54 297 434

Work in progress

14 283 815 5 197 543

- (6 740 682)

- 12 740 676

67 346 054 5 197 543 (50 530) (5 454 957) 67 038 110 ** Work in progress includes Electronic Documents and Records Management System (EDRMS) “Shanduka Project” of R2 769 669 as well as software licence and installation costs of the Enterprise Business System (EBS) of R4 350 068. As the phases of these projects are completed, they are transferred to computer software. -

Annual Financial Statements I Annual Report 2022/23 I 205