Page 53 - SABN AR 2021

Reconciliation of property, plant and equipment – 2020
Opening
balance Additions
Land 148 – Buildings 109 749 3 024
R’000
Classified
as inventory Transfers Depreciation
–––
Total
148
110 873 925 476 18 044 901 9 429 10 660 664 80 873
1 157 068
Plant and machinery Furniture and fixtures Motor vehicles
Key point assets Tools and equipment Canteen equipment Work in progress Total
961 680 56 987 18 947 8 432 613 605 9 137 5 428 8 511 5 964 1 100 – 15 502 65 371
1 125 387 145 811
– (4 389) –
– – – – –
(4 389)
– (1 496) –
– – – – –
(1 496)
(1 900)
(87 306)
(9 335) (317) (5 136) (3 815) (436)
–
(108 245)
The SABN’s assets are leased to the SARB in terms of an operating lease agreement.
The gross value of property, plant and equipment still in use, with a net book value of zero, is R85.9 million.
Additions to property, plant and equipment which are not available for use at acquisition date are allocated to work in progress until the asset is available for use. As soon as the asset is available for use, the asset is transferred from the work in progress account into the respective asset account, and depreciation commences.
The residual value of the buildings is R49.1 million (2020: R49.1 million).
Details of property, plant and equipment additions
Replacement of property, plant and equipment to expand operations
Plant and machinery
Replacement of property, plant and equipment to maintain operations
Buildings
Plant and machinery
Furniture and fixtures
Motor vehicles 605
2021
R’000
47 219
Work in progres
Total additions
65 371 145 811
2020
R’000
45 762
1 671
3 050
16 133
–
–
3 610
1 013
6 238
78 934
Key point assets
Tools and equipment
Canteen equipment –
3 024 11 225 8 432
5 428 5 964
South African Bank Note Company (RF) Proprietary Limited
Annual Report 2021
53