2007 / 2008 Annual Report - Eastern Cape Development Corporation

EASTERN CAPE DEVELOPMENT CORPORATION 2007/08NOTES TO THECONSOLIDATED ANNUAL FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 20083 Property, plant and equipment (CONTINUED)Reconciliation of property, plant and equipment - Group - 2007LandBuildings and infrastructurePlant and machineryFurniture and fixturesMotor vehiclesOffice equipmentIT equipmentOther equipmentOpeningbalance17,153209,775699071573883,901881Additions-380,035-3052731072,091204Transfers anddisposals(232)(191,220)(7)---(6)(18)Depreciation Impairment loss Total-(6,298)(20)(225)(53)(172)(2,007)(459)-3,433-(4)(7)(2)(1)-16,921395,725429833703213,978608233,231 383,015 (191,483) (9,234) 3,419 418,948Reconciliation of property, plant and equipment - Corporation - 2008LandBuildingsFurniture and fixturesMotor vehiclesOffice machinery and equipmentIT equipmentOther equipmentOpeningbalance3,00012,186466591502,656397Additions Transfers Depreciation Total-781545-453638265935------(299)(230)(25)(111)(1,720)(199)3,26513,60378134841,29920618,914 1,742 1,200 (2,584) 19,272Reconciliation of property, plant and equipment - Corporation - 2007LandBuildingsFurniture and fixturesMotor vehiclesOffice machinery and equipmentIT equipmentOther equipmentOpeningbalance3,00011,274528832603,454549Additions Disposals Depreciation Total-1,194104-20793169-----(5)(13)-(282)(166)(24)(130)(1,586)(308)3,00012,186466591502,65639719,148 2,280 (18) (2,496) 18,9144 Investments in subsidariesGroupCorporation2008R’0002007R’0002008R’0002007R’000Investments in subsidiaries at costImpairment of investments in subsidiaries27,405(1,334)27,402(1,334)26,071 26,068Details of the Corporations subsidiaries are disclosed in Annexure 1.86