Page 42 - UKZN Foundation AR 2024

UNIVERSITY OF KWAZULU-NATAL FOUNDATION TRUST Trust Deed number: IT 589/2003
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
2. PLANT AND EQUIPMENT
Reconciliation of plant and equipment - 31 December 2024
Computer equipment
Furniture and equipment
Total
R
R
R
Cost
335 725
122 757
458 482
Accumulated depreciation
(292 560)
(96 229)
(388 789)
Carrying value
43 165
26 528
69 692
Opening carrying value
34 588
36 646
71 234
Additions
33 592
-
33 592
Depreciation charge
(25 015)
(10 118)
(35 133)
Closing carrying value
43 165
26 528
69 692
Reconciliation of plant and equipment - 31 December 2023
Cost
302 133
122 757
424 890
Accumulated depreciation
(267 545)
(86 111)
(353 656)
Carrying value
34 588
36 646
71 234
Opening carrying value
46 116
7 456
53 572
Additions
16 584
37 524
54 108
Depreciation charge
(28 112)
(8 334)
(36 446)
Closing carrying value
34 588
36 646
71 234
40 UKZN FOUNDATION ANNUAL REPORT 2024