NVFH 2020 Integrated Annual Report

NVest Financial Holdings Limited and its subsidiaries | (Registration number 2008/015990/06)
Annual Financial Statements for the year ended 29 February 2020
Notes to the Annual Financial Statements [continued]
Group
Company
Figures in Rand Notes 2020 2019 2020 2019
4. Property, plant and equipment [continued]
Reconciliation of property, plant and equipment - Group - 2020
Opening
balance Additions Disposals Transfers Revaluations Depreciation
Closing
balance
Land and buildings 39,548,866 24,963,548 - - 623,771 - 65,136,185
Furniture and fixtures 4,343,715 939,060 (24,015) 371,432 - (1,023,639) 4,606,553
Motor vehicles 35,886 - - - - (7,229) 28,657
Office equipment 725,410 561,566 (4,095) 1,212,782 - (267,163) 2,228,500
IT equipment 1,088,397 930,987 - - - (744,469) 1,274,915
Computer software 156,875 26,151 - - - (76,774) 106,252
Leasehold
improvements
Capital - Work in
progress
Reconciliation of property, plant and equipment - Group - 2019
4,399 - - - - (3,275) 1,124
1,584,226 - - (1,584,214) - - 12
47,487,774 27,421,312 (28,110) - 623,771 (2,122,549) 73,382,198
Opening
balance Additions Disposals Transfers Revaluations Depreciation
Closing
balance
Land and buildings 33,999,164 3,735,042 - - 1,814,660 - 39,548,866
Furniture and fixtures 3,401,429 309,297 (233,807) 1,686,342 - (819,546) 4,343,715
Motor vehicles 56,273 - (796) - - (19,591) 35,886
Office equipment 2,169,241 348,668 (101,378) (1,456,435) - (234,686) 725,410
IT equipment 1,146,255 654,580 (67,832) - - (644,606) 1,088,397
Computer software 46,754 160,530 - - - (50,409) 156,875
Leasehold
improvements
248,267 1,555 - (229,907) - (15,516) 4,399
Capital - Work in
progress
31,704 1,584,214 - - - (31,692) 1,584,226
41,099,087 6,793,886 (403,813) - 1,814,660 (1,816,046) 47,487,774
Reconciliation of property, plant and equipment - Company - 2020
Opening
balance Additions Depreciation
Closing
balance
Furniture and fixtures 416,204 - (46,604) 369,600
Office equipment 85,439 23,836 (28,870) 80,405
IT equipment 208,849 60,663 (119,576) 149,936
Computer software 17,266 14,535 (15,760) 16,041
727,758 99,034 (210,810) 615,982
Reconciliation of property, plant and equipment - Company - 2019
Opening
balance Additions Depreciation
Closing
balance
Furniture and fixtures 406,892 52,284 (42,972) 416,204
Office equipment 107,843 7,910 (30,314) 85,439
IT equipment 159,721 152,757 (103,629) 208,849
Computer software 19,509 18,066 (20,309) 17,266
693,965 231,017 (197,224) 727,758
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NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020