3. PPECB Annual Report 2009-2010

2010R2009RDurban - Portion 1 of Erf 1736, Wentworthwith office building thereon2,790,460 2,837,494Book value as at 1 AprilCostAccumulated surpluses on revaluation of land and buildingsAccumulated depreciationAdditions in the yearRevaluation of land and buildingsCostAccumulated depreciation2,837,494753,0582,146,942(62,506)----2,884,528753,0582,146,942(15,472)----Depreciation for the year(47,034) (47,034)CostAccumulated surpluses on revaluation of land and buildingsAccumulated depreciation753,0582,146,942(109,540)753,0582,146,942(62,506)Book value as at 31 March2,790,460 2,837,494The property was revalued by C Hearn, a registered valuer as at 1 January 2008. Valuations were made on the basis of recentmarket transactions, rentals of similar properties in the area and an insurance valuation of the property.5.2 Motor Vehicles2010R2009RMotor vehicles- 326Book value as at 1 AprilCostLess: Accumulated depreciationDisposal in the yearCostLess: Accumulated depreciation326103,454(103,128)-(1,754)1,75424,310103,454(79,144)---Depreciation for the year(326) (23,984)CostLess: Accumulated depreciation101,700(101,700)103,454(103,128)Book value as at 31 March- 32680PPECB | annual report | 2009 - 2010