Page 91 - CON Boardpack July 20200708 Final_Neat

SA Pork Producers Organisation
Financial Statements for the year ended 31 December 2019

Notes to the Financial Statements
2019 2018
R R

2. Property, plant and equipment

2019 2018
Cost or
Cost or
revaluation Accumulated Carrying value revaluation Accumulated Carrying value
depreciation
depreciation

Buildings 11 722 810 (781 521) 10 941 289 11 722 810 (195 380) 11 527 430
Furniture and fixtures 693 814 (300 689) 393 125 693 814 (168 307) 525 507

Motor vehicles 832 820 (221 662) 611 158 309 903 (36 155) 273 748
Off ice equipment 170 602 (70 993) 99 609 170 602 (41 223) 129 379

IT equipment 281 249 (140 204) 141 045 235 345 (98 872) 136 473
Business development - IT 553 432 (553 423) 9 505 360 (505 357) 3

equipment

Business development - Motor 1 825 170 (979 773) 845 397 1 825 170 (371 383) 1 453 787
vehicles

Total 16 079 897 (3 048 265) 13 031 632 15 463 004 (1 416 677) 14 046 327

Re conciliation of property, plant and equipment - 2019

Opening Additions Disposals Depreciation Closing
balance
balance

Buildings 11 527 430 - - (586 141) 10 941 289
Furniture and fixtures 525 507 - - (132 382) 393 125

Motor vehicles 273 748 522 916 - (185 506) 611 158

Electrical equipment 129 379 - - (29 770) 99 609
IT equipment 136 473 45 904 (1) (41 331) 141 045

Business development - IT equipment 3 48 072 - (48 066) 9

Business development - Motor vehicles 1 453 787 - - (608 390) 845 397
14 046 327 616 892 (1) (1 631 586) 13 031 632

Reconciliation of property, plant and equipment - 2018

Opening Additions Depreciation Closing
balance balance
Buildings - 11 722 810 (195 380) 11 527 430

Furniture and fixtures 562 388 90 417 (127 298) 525 507
Motor vehicles - 309 903 (36 155) 273 748

Office equipment 8 092 135 974 (14 687) 129 379

IT equipment 73 445 92 064 (29 036) 136 473
Business development - IT equipment 12 55 861 (55 870) 3

Business development - Motor vehicles - 1 825 170 (371 383) 1 453 787
643 937 14 232 199 (829 809) 14 046 327

Property, plant and equipment encumbered as security

Motor vehicles have been encumbered as security for the secured long-term borrowings 7:

3. Other financial assets

At fair value
Momentum Investments 3 151 431 2 871 946

This includes various investments that generate interest and dividends. The

investments are held at fair value.

Non-current assets

At fair value 3 151 431 2 871 946
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