150 / 280
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
148
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
Computer
equipment
R’000
Furniture
and fittings
R’000
Motor
vehicles
R’000
4.
PROPERTY, PLANT AND EQUIPMENT
Year ended 31 May 2014
Opening carrying amount
13 772
3 157
7 509
Additions
11 755
438
2 558
Acquisition of subsidiary
503
116
—
Disposals
(337)
(18)
(226)
Depreciation charge
(9 114)
(1 337)
(2 499)
Impairment charges*
(18)
(111)
—
Closing carrying amount
16 561
2 245
7 342
At 31 May 2014
Cost
54 808
9 551
13 492
Accumulated depreciation
(38 077)
(6 602)
(6 150)
Accumulated impairments
(170)
(704)
—
Carrying amount
16 561
2 245
7 342
Year ended 31 May 2013
Opening carrying amount
11 184
4 588
7 154
Additions
10 616
344
4 608
Acquisition of subsidiary
132
23
9
Disposals
(338)
(385)
(2 033)
Depreciation charge
(7 822)
(1 413)
(2 229)
Impairment charges**
—
—
—
Closing carrying amount
13 772
3 157
7 509
At 31 May 2013
Cost
43 498
9 327
12 192
Accumulated depreciation
(29 574)
(5 577)
(4 683)
Accumulated impairments
(152)
(593)
—
Carrying amount
13 772
3 157
7 509
* All impairment charges in the current year relate to Datacel Direct Proprietary Limited, the fixed assets of which were considered
not recoverable and scrapped at net book value. These impairment charges solely relate to the Solutions segment.
** The impairment charges in the prior year mainly relate to the scrapping of terminals and vending machines. These terminals
were scrapped due to technological redundancy, non-locatable devices and uneconomical for repair. These were scrapped
at net book value. These impairment charges solely relate to the South African distribution segment.
There are no property, plant and equipment assets that are encumbered.
The residual values of buildings are estimated to be higher than the carrying value and therefore there is no
depreciation charge.