annual report 2010 - 2011 - Intsika Yethu Municipality
annual report 2010 - 2011 - Intsika Yethu Municipality
annual report 2010 - 2011 - Intsika Yethu Municipality
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<strong>Intsika</strong> <strong>Yethu</strong> <strong>Municipality</strong><br />
NOTES TO THE FINANCIAL STATEMENTS<br />
for the year ended 30 June <strong>2010</strong><br />
8<br />
PROPERTY, PLANT AND<br />
EQUIPMENT<br />
8.1<br />
Reconciliation of Carrying<br />
Value<br />
Land Buildings Infrastructure Community Other Assets Total<br />
R R R R R R<br />
as at 1 July 2009<br />
Cost/Revaluation<br />
- -<br />
- -<br />
- - - -<br />
- - - -<br />
Acquisitions 537 739 8 806 125 14 330 964 3 150 214 1 776 088 28 601 130<br />
Capital under Construction<br />
- 2 313 315 719 575 57 046 - 3 089 936<br />
as at 30 June <strong>2010</strong> 537 739 8 806 125 14 330 964 3 150 214 1 776 088 28 601 130<br />
Cost/Revaluation<br />
Accumulated depreciation<br />
and impairment<br />
losses<br />
537 739<br />
8 806 125 14 330 964 3 150 214 1 776 088 28 601 130<br />
- -<br />
- - - -<br />
Refer to Appendix B for more detail on property,<br />
plant and equipment<br />
8.2 Other information<br />
The <strong>Municipality</strong> has<br />
taken advantage of the<br />
transitional provisions<br />
for Medium and Low<br />
Capacity Municipalities<br />
as set out in Directive<br />
4 paragraph .73 to .83<br />
issued by the Accounting<br />
Standards Board.<br />
Municipalities who take<br />
advantage of the transitional<br />
provisions are<br />
not required to measure<br />
property, plant and<br />
equipment for <strong>report</strong>ing<br />
periods beginning on or<br />
after a date within three<br />
years following the date<br />
of initial adoption of<br />
the Standard of GRAP<br />
on Property, Plant and<br />
Equipment.<br />
INTSIKA YETHU LOCAL MUNICIPALITY / 66
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