| Notes to the financial statements | Note 12 |
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| |
Group |
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|
|
|
|
|
| |
(R’million) |
Freehold
land and
buildings |
Leasehold
land and
buildings |
Plant,
vehicles and
equipment |
Capitalised
leased
assets |
Total |
|
| 12 |
Property, plant and equipment |
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|
|
|
|
|
| 12.1 |
Movement of the group property, plant and equipment |
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|
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| |
2017 |
|
|
|
|
|
|
| |
Carrying value at beginning of the year |
|
|
|
|
|
|
| |
Cost |
1 673,4 |
182,7 |
7 249,0 |
19,9 |
9 125,0 |
|
| |
Accumulated depreciation and impairment |
(441,2) |
(51,7) |
(4 074,5) |
(15,7) |
(4 583,1) |
|
| |
Net balance at beginning of the year |
1 232,2 |
131,0 |
3 174,5 |
4,2 |
4 541,9 |
|
| |
Current year movements – cost |
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|
|
|
|
|
| |
Additions |
170,9 |
1,9 |
740,4 |
5,8 |
919,0 |
|
| |
Disposals |
(31,1) |
– |
(231,3) |
– |
(262,4) |
|
| |
Disposal of subsidiary |
– |
(115,0) |
(157,3) |
– |
(272,3) |
|
| |
Transfer to assets held for sale (refer to note 35) |
– |
(48,5) |
(159,5) |
– |
(208,0) |
|
| |
Exchange rate adjustments |
1,8 |
(10,3) |
(3,5) |
– |
(12,0) |
|
| |
Cost movements for the current year |
141,6 |
(171,9) |
188,8 |
5,8 |
164,3 |
|
| |
Current year movements – accumulated depreciation and impairment |
|
|
|
|
|
|
| |
Depreciation* |
(57,5) |
(5,1) |
(494,7) |
(5,1) |
(562,4) |
|
| |
Disposals |
14,0 |
– |
224,2 |
– |
238,2 |
|
| |
Disposal of subsidiary |
– |
30,4 |
66,4 |
– |
96,8 |
|
| |
Transfer to assets held for sale (refer to note 35) |
– |
14,1 |
90,4 |
– |
104,5 |
|
| |
Exchange rate adjustments |
3,4 |
1,9 |
(0,2) |
– |
5,1 |
|
| |
Accumulated depreciation and impairment movement for the current year |
(40,1) |
41,3 |
(113,9) |
(5,1) |
(117,8) |
|
| |
Carrying value at end of the year |
|
|
|
|
|
|
| |
Cost |
1 815,0 |
10,8 |
7 437,8 |
25,7 |
9 289,3 |
|
| |
Accumulated depreciation and impairment |
(481,3) |
(10,4) |
(4 188,4) |
(20,8) |
(4 700,9) |
|
| |
Net balance at end of the year |
1 333,7 |
0,4 |
3 249,4 |
4,9 |
4 588,4 |
|
| |
* Relates to depreciation for total operations. |
| |
Group |
|
|
|
|
|
|
| |
(R’million) |
Freehold
land and
buildings |
Leasehold
land and
buildings |
Plant,
vehicles and
equipment |
Capitalised
leased
assets |
Total |
|
| |
2016 |
|
|
|
|
|
|
| |
Carrying value at beginning of the year |
|
|
|
|
|
|
| |
Cost |
1 607,7 |
665,7 |
9 272,6 |
19,9 |
11 565,9 |
|
| |
Accumulated depreciation and impairment |
(396,4) |
(105,7) |
(6 408,9) |
(13,7) |
(6 924,7) |
|
| |
Net balance at beginning of the year |
1 211,3 |
560,0 |
2 863,7 |
6,2 |
4 641,2 |
|
| |
Current year movements – cost |
|
|
|
|
|
|
| |
Additions |
74,5 |
1,7 |
869,2 |
– |
945,4 |
|
| |
Acquisition of business |
30,0 |
– |
22,0 |
– |
52,0 |
|
| |
Disposals |
(3,7) |
– |
(106,9) |
– |
(110,6) |
|
| |
Disposal of subsidiary |
– |
(481,8) |
(2 729,1) |
– |
(3 210,9) |
|
| |
Exchange rate adjustments |
(35,1) |
(2,9) |
(78,8) |
– |
(116,8) |
|
| |
Cost movements for the current year |
65,7 |
(483,0) |
(2 023,6) |
– |
(2 440,9) |
|
| |
Current year movements – accumulated depreciation and impairment |
|
|
|
|
|
|
| |
Depreciation |
(51,9) |
(9,1) |
(495,8) |
(2,0) |
(558,8) |
|
| |
Disposals |
2,9 |
– |
103,1 |
– |
106,0 |
|
| |
Disposal of subsidiary |
– |
62,0 |
2 733,9 |
– |
2 795,9 |
|
| |
Impairment |
– |
– |
(34,8) |
– |
(34,8) |
|
| |
Exchange rate adjustments |
4,2 |
1,1 |
28,0 |
– |
33,3 |
|
| |
Accumulated depreciation and impairment movement for the current year |
(44,8) |
54,0 |
2 334,4 |
(2,0) |
2 341,6 |
|
| |
Carrying value at end of the year |
|
|
|
|
|
|
| |
Cost |
1 673,4 |
182,7 |
7 249,0 |
19,9 |
9 125,0 |
|
| |
Accumulated depreciation and impairment |
(441,2) |
(51,7) |
(4 074,5) |
(15,7) |
(4 583,1) |
|
| |
Net balance at end of the year |
1 232,2 |
131,0 |
3 174,5 |
4,2 |
4 541,9 |
|
| 12.2 |
Land and buildings and plant and machinery having a book value of R38,2 million (2016: R96,4 million),
are mortgaged/pledged as security for long-term loans of R38,2 million (2016: R38,3 million) included in
note 26.1. Borrowing costs of R29,1 million relating to plant was capitalised during the year (2016: R5,3
million) at an average effective rate of 8% (2016: 8,25%).
The fair value of property, plant and equipment is not materially different from the cost. |
| Notes to the financial statements | Note 12 |
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