Page 176 - WCPP Annual Report 2021-22_Draft #7.6.2
P. 176
Annual Report for the 2021/22 Financial Year
Vote 2: Western Cape Provincial Parliament
Part E: Financial Information for the year ended 31 March 2022
Notes to the Annual Financial Statements
Figures in Rand 2022 2021
11. Intangible assets
2022 2021
Cost / Accumulated Carrying value Cost / Accumulated Carrying value
Valuation amortisation Valuation amortisation
and and
accumulated accumulated
impairment impairment
Computer software 4,846,421 (2,492,428) 2,353,993 4,922,044 (2,296,215) 2,625,829
-
Reconciliation of intangible assets 2022
Opening Additions Disposals Amortisation Total
balance
Computer software 2,625,829 1,810,102 - (2,081,938) 2,353,993
-
Reconciliation of intangible assets 2021
Opening Additions Disposals Amortisation Total
balance
Computer software 2,556,595 1,629,503 - (1,560,269) 2,625,829
Pledged as security
No intangible asset was pledged as security.
Intangibles subject to finance leases
The Y-software for the photocopiers is accounted for as a finance lease, refer to note 15 for the finance lease obligation. The
carrying value of the intangible asset is as follows:
Y-Software - 5,986
Other information
During the current financial year intangible assets which have expired with a cost of R 1,885,724 (2021: R 930,310) and
accumulated amortisation of R 1,885,724 (2021: R 930,310) have been removed from th e asset register.
Annual Report for 2021/22 Financial Year Page 161
