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14. PROPERTY, PLANT AND EQUIPMENT (continued)
for the year ended 30 June
2009
Rm Cost
Asset type Opening
Exchange
rate
adjustments
Acquisition
of SFIR Additions
NOTES TO THE GROUP FINANCIAL STATEMENTS continued
Disposals
and
write-offs
Reclassifications
Closing
Freehold land and buildings 3 363 (29) 8 141 – 529 4 012
Leasehold land and buildings 1 558 (1) – 135 (2) – 1 690
Infrastructure 820 (4) – 18 (4) 87 917
Plant and machinery 603 (5) – 42 (2) 102 740
Equipment 1 875 (17) – 208 (95) 338 2 309
Furniture and fittings 820 (6) – 113 (14) 2 915
Vehicles 50 (1) – 3 (2) – 50
Operating equipment 93 (2) – 75 (30) – 136
Capital work in progress 225 (7) 885 741 (1) (1 066) 777
9 407 (72) 893 1 476 (150) (8) 11 546
2009
Rm Accumulated depreciation
Asset type Opening
Exchange
rate
adjustments
Depreciation
on disposals Depreciation Closing
Freehold land and buildings (564) 3 – (78) (639)
Leasehold land and buildings (477) – 1 (56) (532)
Infrastructure (262) – 4 (34) (292)
Plant and machinery (310) 1 1 (41) (349)
Equipment (1 033) 5 89 (315) (1 254)
Furniture and fittings (495) 2 12 (79) (560)
Vehicles (37) – 2 (7) (42)
(3 178) 11 109 (610) (3 668)
Net carrying value of property, plant and equipment held under finance leases is R120 million (2009: R128 million) and relate mainly to equipment.
A copy of the register of properties is available for inspection by members of the public at the registered office of the company.
Borrowing costs of R21 million (2009: R81 million) were capitalised during the year and are included in ‘Additions’ above. The capitalisation
rate used was equal to the specific borrowing costs of the loans used to finance the relevant projects.
Included in freehold land and buildings and infrastructure are assets of R1 769 million (2009: R1 629 million) where the residual value is deemed
to approximate the carrying value.
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