Page 18 - CAO Annual Report 2024/2025

CENTRAL APPLICATIONS OFFICE
CENTRAL APPLICATIONS OFFICE NPC (RF) REGISTRATION NUMBER: 2007/002819/08
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025 (Continued)
2. INTANGIBLE ASSETS (Continued)
2025 R
2024 R
Carrying value
Computer software
-
-
New IT upgrade
41 851 486
42 454 837
Development Retainer - WIP
856 750
368 000
42 708 236
42 822 837
Equipment reconciliation
Opening carrying value
42 822 837
43 434 314
Additions
16 185 756
12 717 867
Disposals
-
-
Current year amortisation
(16 300 357)
(13 287 892)
Closing carrying value
42 708 236
42 822 837
3. TRADE & OTHER RECEIVABLES
Trade and other receivables is made up as follows:
Trade debtors
4 501 723
223 861
Less: Provision for bad debts
(2 152)
(2 152)
Net trade debtors
4 499 571
221 709
Deposits paid
25 047
25 047
Prepaid expenses
314 881
265 360
Sundry debtors
64 636
10 980
4 904 135
3 396 528
ANNUAL REPORT 2024/2025 | 16