Download the Annual report 2011 - Unisa

Land included in the above land and buildings
UNISA ANNUAL REPORT 2011
| 92 |
2011 2010
R’000 R’000
Cost
Balance as at 1 January 127 271 126 460
Acquisitions 700 811
Disposal (400) 0
Balance as at 31 December 127 571 127 271
Leased assets included in the above comprise certain computer equipment, purchased in terms of financial lease agreements.
Opening net carrying value 56 155 59 329
Net acquisitions 39 289 26 741
Depreciation (29 506) (29 915)
Balance as at 31 December 65 938 56 155
Capitalised leased assets are encumbered in terms of finance lease agreements (refer note 11)
NOTE 2: INTANGIBLE ASSETS
Computer Software
Cost
Balance as at 1 January 40 273 31 345
Acquisitions 21 001 8 928
Balance as at 31 December 61 274 40 273
Accumulated amortisation
Balance as at 1 January (17 456) (11 567)
Amortisation for the year (7 895) (5 889)
Balance as at 31 December (25 351) (17 456)
Carrying value
At 31 December 35 923 22 817
NOTE 3: INVESTMENT PROPERTY
Cost
Balance as at 1 January 77 793 87 458
Transferred to property, plant and equipment (9 665)
Balance as at 31 December 77 793 77 793
Accumulated depreciation and impairment losses
Balance as at 1 January (11 276) (11 543)
Transferred to property, plant and equipment 1 276
Depreciation for the year (1 009) (1 009)