Office of the Premier Annual Report 2009-2010 - Gauteng Online

e facilitated by the Office of the Premier but were carried out bycontractors of the Department of Infrastructure Development.Asset ManagementThe department does not own any fixed property, as all land andbuildings currently occupied by the department are owned bygovernment and administered by the DID. All assets have beenfair valued as required by the Standards of Generally RecognisedAccounting Practices (GRAP) and the fixed asset register has beenupdated accordingly. These valuations were performed in terms ofthe International Financial Reporting Standards (IFRS) accountingstatements, which prescribe the methodology that must be adheredto. No assets were disposed of in the year under review.Standard procurement processes in line with broader frameworksare in place to ensure transparency and equity in the developmentand awarding of tenders that are managed in collaboration withthe Gauteng Department of Finance, Shared Services Division.In the year under review, an audit of information technologyhardware was conducted and a three-year obsolescence modeladopted to inform the procurement of information technologyhardware. This has resulted in significant cost efficiencies withregard to hardware procurement.24