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FINANCIAL STATEMENTS AND NOTES 2007NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2007GROUPMINTEKOpening Closing Opening ClosingBalance Additions Disposals Balance Balance Additions Disposals Balance2007 R R R R R R R R11.1 PROPERTY, PLANTAND EQUIPMENTCostLand 55,408,800 – – 55,408,800 55,408,800 – – 55,408,800Buildings 28,859,940 66,167 – 28,926,107 28,859,940 66,167 – 28,926,107Plant 32,578,228 2,107,171 (114,795) 34,570,604 32,578,228 2,107,171 (114,795) 34,570,604Equipment 91,422,171 11,074,533 (9,170,246) 93,326,458 91,422,171 11,074,533 (9,170,246) 93,326,458Vehicles 990,581 – (1) 990,580 990,581 – (1) 990,580 Finance-leased assets 1,995,394 317,250 – 2,312,644 1,995,394 317,250 – 2,312,644Capital work in progress 1,462,886 862,239 – 2,325,125 1,462,886 862,239 – 2,325,125214,670,339 14,580,215 (9,485,837) 219,764,717 214,670,339 14,580,215 (9,485,837) 219,764,717Accumulated Opening Depreciation Disposals Closing Opening Depreciation Disposals ClosingDepreciation R R R R R R R RLand – – – – – – – –Buildings 9,760,176 577,199 – 10,337,375 9,760,176 577,199 – 10,337,375Plant 12,627,878 3,018,379 (106,126) 15,540,131 12,627,878 3,018,379 (106,126) 15,540,131Equipment 48,519,881 10,209,470 (8,773,619) 49,955,732 48,519,881 10,209,470 (8,773,619) 49,955,732Vehicles 592,516 167,604 (1) 760,119 592,516 167,604 (1) 760,119 Finance-leased assets 198,801 332,636 – 531,437 198,801 332,636 – 531,437Capital work in progress – – – – – – – –72,030,851 14,451,701 (9,056,727) 77,425,826 72,030,851 14,451,701 (9,056,727) 77,425,826GROUPMINTEK2007 2007Net book value R RLand 55,408,800 55,408,800Buildings 18,588,732 18,588,732Plant 19,030,473 19,030,473Equipment 43,370,726 43,370,726Vehicles 230,461 230,461 Finance-leased assets 1,781,207 1,781,207Capital work in progress 2,325,125 2,325,125142,338,891 142,338,89173annual report 2007