Brand-South Africa - Annual report 2015 - 2016
During the past financial year, aligned with its mandate to build pride and patriotism in the Nation Brand, Brand South Africa has worked on initiatives to encourage active citizenship in partnership with its stakeholders in government, business, civil society and identified influential forums to increase the participation of all people, particularly our young people, in building a strong, cohesive Nation Brand. These activities, together with engagements at provincial level on Nation Brand alignment, contribute to social cohesion and a positive Nation Brand. Brand South Africa’s activities took place under the leadership of its new CEO, Amb. Kingsley Makhubela, PhD, who joined the organisation during the year.
During the past financial year, aligned with its mandate to build pride and patriotism in the Nation Brand, Brand South Africa has worked on initiatives to encourage active citizenship in partnership with its stakeholders in government, business, civil society and identified influential forums to increase the participation of all people, particularly our young people, in building a strong, cohesive Nation Brand. These activities, together with engagements at provincial level on Nation Brand alignment, contribute to social cohesion and a positive Nation Brand.
Brand South Africa’s activities took place under the leadership of its new CEO, Amb. Kingsley Makhubela, PhD, who joined the organisation during the year.
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3. Property, plant and equipment (continued)<br />
Reconciliation of property, plant and equipment – <strong>2015</strong><br />
Opening<br />
balance<br />
R<br />
Additions<br />
R<br />
Disposals<br />
R<br />
Depreciation<br />
R<br />
Leasehold property 196 223 620 971 - (190 528) 626 666<br />
Furniture and fixtures 745 338 104 945 - (70 603) 779 680<br />
Motor vehicles 106 167 - - (49 000) 57 167<br />
Office equipment 504 014 81 991 - (33 893) 552 112<br />
IT equipment 686 360 506 980 (1 994) (445 194) 746 152<br />
Finance leased office equipment 394 534 201 095 - (186 239) 409 390<br />
Total<br />
R<br />
2 632 636 1 515 982 (1 994) (975 457) 3 171 167<br />
Compensation received for losses on property, plant and equipment – included in operating surplus (deficit)<br />
<strong>2016</strong><br />
R<br />
<strong>2015</strong><br />
R<br />
IT equipment 17 990 51 975<br />
Office equipment subject to finance lease (Net carrying amount)<br />
Office equipment<br />
199 434 409 390<br />
Finance leases comprise of a PABX telephone system and Biometric security system with the contracts<br />
ending on 30 September <strong>2016</strong> and 31 August 2017 respectively.<br />
Other information<br />
Property, plant and equipment fully depreciated and still in use<br />
(Gross carrying amount)<br />
IT equipment 816 423 106 073<br />
Furniture and fixtures 18 472 166<br />
Office equipment 94 840 3 727<br />
929 735 109 966<br />
107
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