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6PROPERTY, PLANT AND EQUIPMENT (continued)
Land and buildings are unencumbered and full details of the titles are available at the registered offi ce of the CSIR.
A change in the depreciation estimate due to a change in the useful lives of equipment resulted in a R1,6 million
(2010: R3,4 million) decrease in the depreciation amount for the current fi nancial year.
Included on the previous page are assets with a cost of R306,1 million (2010: R301,5 million) that are fully
depreciated as the remaining useful life is incidental.
During the current fi nancial year, assets to the value of R28,5 million (2010: R83,9 million) were purchased with
government grant funds. At year-end the cumulative value of assets purchased with government grant funds and shown
at a nil cost is R244,2 million (2010: R216,9 million).
6.1 Non-current asset held for sale
A building of R94,89 million is in the process of being transferred to the Department of Public Works.
The sale of the building is subject to the fi nalisation of all conveyancing documentation and registration of the transfer
by the relevant authorities.
7INTANGIBLE ASSETS
Cost
2011 2010
Accumulated
amortisation
& impairment
Carrying
value
Cost Accumulated
amortisation
& impairment
Carrying
value
R’000 R’000 R’000 R’000 R’000 R’000
GROUP
Investments in technology 10 555 10 537 18 9 697 9 651 46
GROUP
R’000
Carrying value 31 March 2009 10
Additions 406
Impairment (305)
Amortisation (65)
Carrying value 31 March 2010 46
Additions 858
Impairment (831)
Amortisation (55)
Carrying value 31 March 2011 18
143
ANNUAL FINANCIAL STATEMENTS