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Group Company
2003 2002 2003 2002
R000 R000 R000 R000
2. FIXED ASSETS (continued)
Land and buildings comprise:
Erf 136, Rantjespark Extension 62, situated at 59 16th Road,
Midrand, measuring 35 259 square metres.
At cost – 2000 36 562 36 562 – –
Additions at cost – 2001 7 718 7 718 – –
Additions at cost – 2002 14 969 14 969 – –
Additions at cost – 2003 1 177 – – –
Portion 6, erf 2315, situated at
157 Pietermaritz Street, Pietermaritzburg,
measuring 2 174 square metres.
Remaining portion 6 (of 2) of erf 2315,
situated at 108 Chapel Street, Pietermaritzburg,
measuring 735 square metres.
At cost – 2001 1 269 1 269 – –
Portion 4 (of 1), erf 2314, remainder of erf 2314 and erf 2313,
situated at 135 Pietermaritz Street, Pietermaritzburg.
Portion 8 (of 7) of erf 2313, remainder of portion 7 erf 2313,
situated at 135 Pietermaritz Street, Pietermaritzburg,
measuring 2 876 square metres.
At cost – 2003 2 900 – – –
Portion 3, erf 52, Rosebank, situated at
9 Arnold Road, Rosebank, measuring 752 square metres.
At cost – 1994 1 433 1 433 – –
Additions at cost – 1995 205 205 – –
– 1997 2 375 2 375 – –
– 1998 1 500 1 500 – –
– 1999 1 880 1 880 – –
Provision for permanent diminution in value (3 549) (2 228) – –
Total accumulated depreciation to date (6 104) (3 930) – –
Total land and buildings 62 335 61 753 – –
Capital commitments
Authorised and contracted for 6 723 19 150 – –
Authorised and not contracted for – – – –
Total 6 723 19 150 – –
The full current year balance that is authorised and contracted for will be financed from internal cash resources.
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African Bank Investments Limited