Mr LJ Mahlangu - Municipal Demarcation Board

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17. INTANGIBLE ASSETS - SOFTWARE NOTES 65 MUNICIPAL DEMARCATION BOARD - Annual Report 2012 2012 R’000 2011 R’000 Opening net carrying amount 334 289 Cost 627 496 Accumulated amortisation (293) (207) Additions 316 131 Amortisation (119) (86) Closing net carrying amount 531 334 Cost 943 627 Accumulated amortisation (412) (293) 18. TRADE AND OTHER PAYABLES FROM EXCHANGE TRANSACTIONS Trade payables 1,227 857 Accrued leave pay 18.1 834 735 Other Provision 26 26 Performance bonuses 671 735 Balance at end of year 2,758 2,353 18.1 Accrued leave pay Opening balance 735 817 Leave paid (295) 0 Utilisation of leave during the year (476) (1,048) Accruals made during the year 870 966 Total 834 735 19. OPERATING LEASE LIABILITY Opening balance 628 383 Provision for the year 38 245 Total 666 628
20. RECONCILIATION OF SURPLUS FOR THE YEAR TO NET CASH FLOWS FROM OPERATING ACTIVITIES 2012 R’000 2011 R’000 Surplus for the year Adjusted for: 3,304 1,902 - Depreciation on property, plant and equipment 890 716 - Amortisation of intangible assets 119 86 - Loss/ (Gain) on sale of property, plant and equipment 1 -15 - Movement in operating lease 38 245 Operating cash flows before working capital changes 4,352 2,934 Working capital changes 432 (2,402) - Increase in inventory (4) (114) - Decrease in receivables 31 172 - Decrease in payables 405 (2,460) Cash generated from operations 4,784 532 21. OPERATING LEASE COMMITMENTS The <strong>Board</strong> as lessee At the reporting date the <strong>Board</strong> had outstanding commitments under non-cancelable operating leases, which fall due as follows Up to 1 year 2,500 2,273 1 to 5 years 2,980 5,480 More than 5 years 0 0 5,480 7,753 Operating lease arrangements • The MDB leases the building from Wagbro Properties CC for a period of 5 years, effective from 01 May 2009. The lease payment is R190, 832.61 per month with an annual escalation of 10%. No contingent rent is payable. The lease agreement is renewable for 5 years. The request thereof has to be submitted within six months of the expiry date of the lease. • The lease allows for purchase of premises after the second lease agreement. • When the operating lease is terminated before the lease period has expired, any payment required to be made to the lessor by way of penalty is recognised as an expense in the period in which termination takes place. MUNICIPAL DEMARCATION BOARD - Annual Report 2012 66
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ANNUAL REPORT 2011l12
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ANNUAL REPORT: MUNICIPAL DEMARCATIO
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MDB embarked on a programme of Muni
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SENIOR RESEARCHER: COMPLIANCE EXECU
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Back, from left to right: Khosi TJ
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27 18 17 26 1. Ms Gabusile Gumbi-Ma
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egory A municipalities. During the
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Chapter 1 OPERATIONAL CLUSTERS AT T
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CLUSTER 3 GIS AND IT SUPPORT AIM Th
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Mr LJ Mahlangu - Municipal Demarcation Board

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