Page 54 - SABN AR 2021

3. Intangible assets
2021 – R’000
Cost
Accumulated amortisation
Carrying value
51 844
(43 927)
7 917
9 213
–
9 213
61 057
(43 927)
17 130
Computer software Work in progress Total
Reconciliation of intangible assets – 2021
Computer software Work in progress Total
Reconciliation of intangible assets – 2020
Computer software Work in progress Total
Cost
63 740
2 199
65 939
2020 – R’000
Accumulated amortisation
(52 278) –
(52 278)
Carrying value
11 462
2 199
13 661
R’000
Opening balance
Additions
Disposals
Work in progress capitalised
Amortisation
Closing balance
11 462
246
(38)
–
(3 753)
7 917
2 199
7 260
–
(246)
–
9 213
13 661
7 506
(38)
(246)
(3 753)
17 130
R’000
Opening balance
10 977 1 016
11 993
Additions
5 914
7 097
13 011
Work in progress capitalised
– (5 914)
(5 914)
Amortisation
(5 429)
–
(5 429)
Closing balance
11 462 2 199
13 661
The gross value of intangible assets still in use, with a net book value of zero, is R15.1 million. Work in progress consists of costs that do not yet qualify for capitalisation as the computer software are not yet available for use.
2021
R’000
205 736
81 743
96 770
134 997
13 985
533 231
4. Inventories
Raw materials and components Work in progress
Finished goods
Maintenance spares Consumables
2020
R’000
176 719 130 458 22 831 120 763 16 217 466 988
During the year, inventory to the value of R605 643 (2020: R347 685), consisting of expired inks and chemicals, was written off.
5. Trade and other receivables
Trade receivables Value-added taxation
Financial instrument and non-financial instrument components of trade and other receivables
At amortised cost Non-financial instruments
All trade and other receivables are outstanding for a period less than 30 days.
– 14 259 14 259
– 14 259
14 259
South African Bank Note Company (RF) Proprietary Limited
45
17 567
17 612
45
17 567
17 612
54
Annual Report 2021