Download Annual Report 2006 - Foskor

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INCOME NOTES TO STATEMENTTHE FINANCIAL STATEMENTSfor the year ended 31 March 2006COMPANYGROUP12 months 9 months 12 months 9 monthsended ended ended endedMarch March March MarchR’000 2006 2005 2006 20055 PROPERTY, PLANT AND EQUIPMENTAt costLand and buildings 338,228 338,340 339,766 339,878Plant, equipment and vehicles 2,689,069 2,304,193 2,689,918 2,636,999Capital work in progress 79,634 63,816 79,634 63,8163,106,931 2,706,349 3,109,318 3,040,693Accumulated depreciationLand and buildings 96,161 83,722 96,286 83,831Plant, equipment and vehicles 1,331,772 1,218,783 1,332,431 1,258,3151,427,933 1,302,505 1,428,717 1,342,146Net carrying amountLand and buildings 242,067 254,618 243,480 256,047Plant, equipment and vehicles 1,357,297 1,085,410 1,357,487 1,378,684Capital work in progress 79,634 63,816 79,634 63,816Net carrying amount 1,678,998 1,403,844 1,680,601 1,698,547Property, plant and equipment includes thefollowing amounts where Foskor (Pty) Ltdis a lessee under a finance lease.Cost – capitalised finance lease 41,567 41,567 41,567 41,567Accumulated depreciation (3,637) (1,559) (3,637) (1,559)Net book value 37,930 40,008 37,930 40,008Details of land and buildings are available forinspection at the registered office of thecompany.36
NOTES BALANCE TO SHEET THE FINANCIAL STATEMENTSfor the year ended 31 March 2006Plant,CapitalLand and equipments work inR’000 buildings and vehicles progress Total5 PROPERTY, PLANT AND EQUIPMENT (continued)for the year ended 31 March 2006Movement in carrying value for the yearCompanyOpening balance 254,618 1,085,411 63,815 1,403,844Additions 4,226 85,195 15,891 105,240Depreciation (13,192) (80,697) – (93,889)Disposals (3,585) (25,576) – (29,161)Transfers – 292,964 – 292,964Closing balance 242,067 1,357,297 79,634 1,678,998GroupOpening balance 256,048 1,378,684 63,815 1,698,547Additions 4,226 85,202 15,891 105,247Depreciation (13,209) (80,823) – (94,032)Disposals (3,585) (25,576) – (29,161)Transfers – – – –Closing balance 243,480 1,357,487 79,634 1,680,6019 Months ended 31 March 2005Movement in carrying value for the yearCompanyOpening balance 246,185 1,355,743 66,068 1,667,996Additions 1,594 124,163 772 126,529Impairment of assets – (300,000) – (300,000)Depreciation (9,873) (51,266) – (61,139)Disposals (1,876) (130) – (2,006)Transfers 18,588 (43,099) (3,025) (27,536)Closing balance 254,618 1,085,411 63,815 1,403,844GroupOpening balance 247,627 1,623,695 66,068 1,937,390Additions 1,594 131,054 772 133,420Impairment of assets – (300,000) – (300,000)Depreciation (9,885) (60,264) – (70,149)Disposals (1,876) (238) – (2,114)Transfers 18,588 (15,563) (3,025) –Closing balance 256,048 1,378,684 63,815 1,698,54737
Page 2 and 3: MISSION• We accept our responsibi
Page 4 and 5: DIRECTORS AND MANAGEMENTList of Dir
Page 6 and 7: CHAIRMAN’S REVIEWOur focus is ong
Page 8 and 9: CHIEF EXECUTIVE OFFICER’S REVIEWW
Page 10 and 11: CHIEF EXECUTIVE OFFICER’S REVIEWW
Page 12 and 13: CHIEF FINANCIAL OFFICER’S REVIEWT
Page 14 and 15: CORPORATE REVIEWBOARD AND BOARD SUB
Page 16 and 17: We take from the earth,and we put b
Page 18 and 19: AUDITORS’ REPORTIndependent audit
Page 20 and 21: REPORT OF THE DIRECTORStechnical, o
Page 22 and 23: BALANCE SHEETas at 31 March 2006COM
Page 24 and 25: STATEMENT OF CHANGES IN EQUITYfor t
Page 26 and 27: PRINCIPAL ACCOUNTING POLICIESThe pr
Page 28 and 29: PRINCIPAL ACCOUNTING POLICIESAssets
Page 30 and 31: PRINCIPAL ACCOUNTING POLICIESHedge
Page 32 and 33: PRINCIPAL ACCOUNTING POLICIESExplan
Page 34 and 35: PRINCIPAL ACCOUNTING POLICIES23.2.4
Page 36 and 37: INCOME NOTES TO STATEMENTTHE FINANC
Page 52 and 53: NOTES INCOME TO STATEMENTTHE FINANC
Page 54 and 55: NOTES INCOME TO STATEMENTTHE FINANC
Page 56 and 57: FIVE YEAR REVIEWFoskor GroupAnnuali
Page 58 and 59: FIVE YEAR REVIEWFoskor Group3,0Rock
Page 60: ADMINISTRATIONSECRETARY AND REGISTE

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