Page 71 - Playhouse Annual Report 2021:22

Notes to the Annual Financial Statements (continued)
Annual Financial Statements for the year ended 31 March 2022
Software
Total
2.3 Intangible assets
Carrying amount 1 April 2020
Gross carrying amount Accumulated amortisation Additions
Amortisation
Amortisation write-back
Disposals
Cost
Accumulated amortisation
Carrying amount 31 March 2021
Gross carrying amount
Accumulated amortisation Additions
Amortisation
Amortisation write-back
Disposals
Cost
Accumulated amortisation
Carrying amount 31 March 2022
Gross carrying amount
Accumulated amortisation
Amortisation is included with depreciation.
2.4 Change in estimate
Depreciation and amortisation write back
R 772 149
978 350
1 099 434
R 772 149
978 350
1 099 434
R
12 227 790
2 073 583 (1 301 435)
605 244
(465 078) 66 036
-
- -
2 073 583 (1 301 435)
605 244
(465 078) 66 036
-
- -
2 678 827 (1 700 477)
429 106
(670 496) 364 097
(1 622)
(282 094) 280 471
2 678 827 (1 700 477)
429 106
(670 496) 364 097
(1 622)
(282 094) 280 471
2 825 839 (1 726 405)
The Playhouse Company assesses the useful life of assets at the end of each reporting date. Where assets are fully depreciated since the preceding reporting date, the useful life of the assets is deemed to be extended by 3 years. The change in estimate results in a reduction in depreciation charge in the year of the write back. The change affects the future years resulting in an increase in depreciation over the next 3 years when the assets are in use.
10 844 321
2022
R
2 825 839 (1 726 405)
March
March
2021
36 184
254 803
94 022
161 983
546 992
494 805
2 380
1 186 553
1 683 738
(482 094)
1 201 644
-
-
11 627
1 190 017
1 201 644
521 116
500
(18 067)
(21 455)
-
482 094
3. INVENTORIES
Catering Workshop Wardrobe General stores
Total
4. TRADE AND OTHER RECEIVABLES
Trade receivables Staff debtors Other receivables
Less: Debtors impairment
Total
Analysis of trade and other receivables for reporting purposes: 90 days and over
60 days
30 days
Current
4.1 Movement in the provision for impairment of trade receivables Balance at 1 April
Provision for debtors impairment
Receivables written off during the year as uncollectible Unused amounts reversed
Unwinding of discount
Balance at 31 March
48 744 258 749
94 085 150 419 551 997
519 583 1 533 058 848 1 579 964
(521 116)
1 058 848
- - -
1 058 848
1 058 848
445 079 292 593 (47 444)
(169 112) -
521 116
1
Annual Report 2021/2022 69