2005/2006 - SANParks

ANNUAL FINANCIAL STATEMENTSfor the year ended 31 March 20062006South African National Parks31 March 2006R’00031 March 2005R’0006.4 Surplus from operationsSurplus from operations has been arrived at after taking into account thefollowing:Auditors’ remuneration (Note 6.1)External audit fees 2,508 915Special audits 198 4392,706 1,354Auditors’ remuneration for special audits in 2005 related to an audit conductedon Special Projects as approved by the Auditor-General.Write-down of inventories recognised as an expense 479 2,488Depreciation (Notes 6.1 & 9)Buildings and infrastructure 8,206 7,934Vehicles, Aircraft and Mechanical equipment 6,806 5,716Furniture, Offi ce equipment and Computer software 10,302 11,25125,314 24,901Net (profit) / loss on sale of property, plant and equipment (Note 6.1) (165) 1,4712005 -The net loss on sale of property, plant and equipment relates primarilyto a land swap transaction at Addo on which a loss of R1,542 million wasrealised. The swap transaction was important for South African National Parksinsofar a portion of land, although smaller in size, but of larger biological diversityimportance was obtained.Amortisation of deferred income in respect of depreciable assets acquiredwith government special grants (Note 6.1) 3,326 734Operating lease payments (Note 6.1) 40,149 36,926Total future minimum lease payments- Current 16,699 17,837- Between 1 and 5 years 5,304 21,91022,003 39,747119