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BUSINESS MODEL
AND STRATEGIC
OBJECTIVES
LEADERSHIP
GOVERNANCE
OPERATING
PERFORMANCE
SHAREHOLDERS’
INFORMATION AND
ADMINISTRATION
FINANCIAL
PERFORMANCE
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
235
NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
Computer Furniture
Office Leasehold
equip-
and Motor
equip- improve-
ment fittings vehicles
ment
ments
Total
R’000 R’000 R’000 R’000 R’000 R’000
3.
PROPERTY, PLANT AND
EQUIPMENT
Year ended 31 May 2014
Opening carrying amount
69
665
907
539
21 421
23 601
Additions
81
36
— 24
— 141
Disposals
(1)
— (39)
— — (40)
Depreciation charge
(57)
(313)
(248)
(452)
(5 716)
(6 786)
Closing carrying amount
92
388
620
111
15 705
16 916
At 31 May 2014
Cost
886 2 062 1 196 2 337 39 008 45 489
Accumulated depreciation
794 1 674
576 2 226 23 303 28 573
Carrying amount
92
388
620
111 15 705
16 916
Year ended 31 May 2013
Opening carrying amount
127
965
761 1 386 27 112 30 351
Additions
34
8
782
10
34
868
Disposals
— — (401)
— — (401)
Depreciation charge
(92)
(308)
(235)
(857)
(5 725)
(7 217)
Closing carrying amount
69
665
907
539 21 421 23 601
At 31 May 2013
Cost
810 2 030 1 327 2 313 39 007 45 487
Accumulated depreciation
(741)
(1 365)
(420)
(1 774)
(17 586)
(21 886)
Carrying amount
69
665
907
539 21 421 23 601
There are no property, plant and equipment assets that are encumbered.