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Tiger Brands Limited Integrated Annual Report
2014
Annual financial statements
GROUP
(R’million)
2014
Restated*
2013
11 Property, plant and equipment
11.1
Freehold land and buildings
1 165,4
1 061,1
Cost
1 521,1
1 368,8
Accumulated depreciation
(355,7)
(307,7)
11.2
Leasehold land and buildings
520,7
491,6
Cost
625,9
556,0
Accumulated depreciation
(105,2)
(64,4)
Total land and buildings
1 686,1
1 552,7
11.3
Plant, vehicles and equipment
4 170,5
3 931,5
Cost
9 000,7
7 965,7
Accumulated depreciation
(4 830,2)
(4 034,2)
11.4
Capitalised leased assets
11,0
14,5
Cost
28,4
28,4
Accumulated depreciation
(17,4)
(13,9)
11.5
Land and buildings and plant and machinery having a book value of R1 323,3 million
(2013: R1 307,8 million), are mortgaged/pledged as security for long-term loans of R721,8 million
(2013: R963,8 million) included in note 31.1 and capitalised finance leases of R7,0 million
(2013: R11,6 million) as per note 31.3.
*
The amounts have been restated due to the adoption of IAS 19R.