Page 17 - CAO Annual Report 2023-24

CENTRAL APPLICATIONS OFFICE
CENTRAL APPLICATIONS OFFICE NPC (RF) REGISTRATION NUMBER: 2007/002819/08
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024 (Continued)
2. INTANGIBLE ASSETS
2024 COST
Opening balance R
Additions R
Disposals R
Closing balance R
Computer software
2 950 290
-
-
2 950 290
New IT upgrade
63 960 241
12 497 067
-
76 457 308
Develop Retainer WIP
147 200
220 800
-
368 000
67 057 731
12 717 867
-
79 775 598
ACCUMULATED DEPRECIATION
Opening balance R
Current amortisation R
Disposals R
Closing balance R
Computer software
2 950 290
-
-
2 950 290
New IT upgrade
20 714 579
13 287 892
-
34 002 471
Total
23 664 869
13 287 892
-
36 952 761
2023 COST
Opening balance R
Additions R
Disposals R
Closing balance R
Computer software
2 950 290
-
-
2 950 290
New IT upgrade
39 106 201
12 707 500
-
51 813 701
Develop Retainer WIP
-
147 200
-
147 200
54 763 991
12 293 740
-
67 057 731
ACCUMULATED DEPRECIATION
Opening balance R
Current amortisation R
Disposals R
Closing balance R
Computer software
2 950 290
-
-
2 950 290
New IT upgrade
9 379 387
11 335 192
-
20 714 579
Total
12 329 677
11 335 192
-
23 664 869
ANNUAL REPORT 2023/2024 15