Page 17 - CAO Annual Report 2024/2025
P. 17
CENTRAL APPLICATIONS OFFICE NPC (RF) REGISTRATION NUMBER: 2007/002819/08
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025 (Continued)
CENTRAL APPLICATIONS OFFICE
2. INTANGIBLE ASSETS
2025 COST
Opening balance R
Additions R
Disposals R
Closing balance R
Computer software
2 950 290
-
-
2 950 290
New IT upgrade
76 457 308
15 697 006
-
92 154 314
Develop Retainer WIP
368 000
488 750
-
856 750
79 775 598
16 185 756
-
95 961 354
ACCUMULATED DEPRECIATION
Opening balance R
Current amortisation R
Disposals R
Closing balance R
Computer software
2 950 290
-
-
2 950 290
New IT upgrade
34 002 471
16 300 357
-
50 302 828
Total
36 952 761
16 300 357
-
53 253 118
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
ANNUAL REPORT 2024/2025 | 15
