ACFI 2011/12.indd - Gauteng Provincial Treasury

More documents

Recommendations

Info

GAUTENG PROVINCE PUBLIC ENTITIESNotes to the Combined Financial Statementsfor the year ended 31 March 2011Property, plant and equipment cont.2011/2012Notes R’0002010/2011R’000Office furniture and fittingsOpening net carrying amountCost or valuationAccumulated depreciation and impairmentAdditionsDisposalDepreciation chargeImpairment defi cit (recognised)/reversedBorrowing costs capitalisedOtherClosing net carrying amount 31 MarchCost or valuationAccumulated depreciation and impairment30,77061,424(30,654)3,268(323)(9,153)12110(59)24,63460,114(35,480)36,37162,076(25,705)3,879(1,061)(9,236)116-70130,77061,424(30,654)OtherOpening net carrying amountCost or valuationAccumulated depreciation and impairmentAdditionsDisposalDepreciation chargeImpairment defi cit (recognised)/reversedOtherClosing net carrying amount 31 MarchCost or valuationAccumulated depreciation and impairment106,042165,153(59,111)47,276(504)(10,898)139(41,335)100,720149,988(49,268)64,343120,919(56,576)52,358(489)(10,679)750(241)106,042165,153(59,111)Combined Financial Information Annual Report 2011/12 | Gauteng Provincial Government65
GAUTENG PROVINCE PUBLIC ENTITIESNotes to the Combined Financial Statementsfor the year ended 31 March 2011Property, plant and equipment cont.2011/2012Notes R’0002010/2011R’000Total property, plant and equipmentOpening net carrying amountCost or valuationAccumulated depreciation and impairmentAdditionsDisposalDepreciation chargeTransfer (to)/from asset held for sale or disposal group classifi ed as held for saleTransfer (to)/from inventories and/or investment propertyWork-in-progressAssets acquired through a business/entity combinationImpairment defi cit (recognised)/reversedRevaluation adjustmentsBorrowing costs capitalisedExchange differencesOtherClosing net carrying amount 31 MarchCost or valuationAccumulated depreciation and impairment1,917,5803,014,745(1,097,165)257,284(208,254)(155,530)(50,198)(115,206)(35,767)84,906407-53,184(219)(7,647)1,740,5402,957,608(1,217,068)1,610,3672,234,746(624,379)210,378(53,180)(124,875)(8,023)(102,593)5,853(921)893358,3978,031-13,2531,917,5803,014,745(1,097,165)(1,217,068) (1,097,165)The below disclosure relates to land and building revaluation for the Gauteng Housing Fund.Property, plant and equipment consist of property stock held for the provision of housing service benefi ts, and are disclosed as perGRAP 17. Properties are in the process of being devolved to municipalities and sold to qualifying individuals. The property consists offl ats, houses and vacant stands at various locations in Gauteng Province.Land and buildings have been revalued by independent valuers as at 31 March 2012. The valuation of buildings determined byindependent valuers has been applied prospectively as the Municipal Valuation roll was used in previous year.Various methods have been used to determine the value of the properties involved. With many of the properties valuers have appliedDirect Comparison method which entails the identifying of the subject property and fi nding transactions of similar properties that soldin the open market conditions between a willing buyer and willing seller. The valuers used these transactions to identify a market valuefor the properties. The Valuers also used Cost less Depreciation Method which takes into consideration the building cost applicableon buildings of a property which are depreciated to determine a market value for the property. This method was used on only a fewproperties valued.The carrying amount that would have been recognised had the assets been carried under cost model is equivalent to the revaluedamount.The total PPE for the combined annual fi nancial statements amounts to R 1,740,540 (2012) and R 1,917,580 (2011) and of whichGauteng Housing Fund contributes 65% (2012) and 68% (2011). Below are the carrying amounts for the Gauteng Housing Fund.Land and buildings Gauteng Housing Fund2012R’0002011R’000Carrying amount as at 31 March1,124,4771,304,14766 Gauteng Provincial Government | Combined Financial Information Annual Report 2011/12
Page 3 and 4:
AcronymsAFSCAFSGRAPGDFGPGPFMANTGPTC
Page 5 and 6:
Statement of the MEC for Financefor
Page 7 and 8:
Report of the Head of Departmentfor
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16: Report of the Head of Departmentfor
Page 17 and 18: Report of the Head of Departmentfor
Page 19 and 20: SECTION B:GAUTENG PROVINCIAL DEPART
Page 21 and 22: Report of the Auditor-General : Dep
Page 23 and 24: GAUTENG PROVINCIAL DEPARTMENTSCombi
Page 25 and 26: GAUTENG PROVINCIAL DEPARTMENTSCombi
Page 27 and 28: GAUTENG PROVINCIAL DEPARTMENTSState
Page 29 and 30: GAUTENG PROVINCE PUBLIC DEPARTMENTS
Page 31 and 32: GAUTENG PROVINCIAL DEPARTMENTSNotes
Page 41 and 42: GAUTENG PROVINCIAL DEPARTMENTSDiscl
Page 53 and 54: Report of the Auditor - General : P
Page 55 and 56: GAUTENG PROVINCIAL PUBLIC ENTITIESC
Page 57 and 58: GAUTENG PROVINCIAL PUBLIC ENTITIESC
Page 59 and 60: GAUTENG PROVINCIAL ENTITIESStatemen
Page 61 and 62: GAUTENG PROVINCE PUBLIC ENTITIESSta
Page 63 and 64: GAUTENG PROVINCE PUBLIC ENTITIESSta
Page 65: GAUTENG PROVINCE PUBLIC ENTITIESNot
Page 69 and 70: GAUTENG PROVINCE PUBLIC ENTITIESNot
Page 89 and 90: GAUTENG PROVINCE PUBLIC ENTITIESOth
Page 91 and 92: Detailing Audit Outcomes for Depart
Page 93 and 94: Categorised Entities According to D
show all

ACFI 2011/12.indd - Gauteng Provincial Treasury

Create successful ePaper yourself

Delete template?

Save as template?