ANNUAL REPORT 2014/15

DEPARTMENT OF HIGHER EDUCATION AND TRAINING
VOTE 17
ACCOUNTING POLICIES
for the year ended 31 March 2015
15 Capital Assets
15.1 Immovable capital assets
Immovable capital assets are initially recorded in the notes to the Financial Statements at cost. Immovable
Where the cost of immovable capital assets cannot be determined accurately, the immovable capital
the fair value is used.
impairment.
15.2 Movable capital assets
Movable capital assets are initially recorded in the notes to the Financial Statements at cost. Movable
Where the cost of movable capital assets cannot be determined accurately, the movable capital assets
at R1.
15.3 Intangible assets
Intangible assets are initially recorded in the notes to the Financial Statements at cost. Intangible assets
Where the cost of intangible assets cannot be determined accurately, the intangible capital assets are
at R1.
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