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3. Property, plant and equipment
Group
2011
2010
Cost
Accumulated
depreciation
Carrying
value
Cost
Accumulated
depreciation
Carrying
value
Plant and machinery
6 620 554 (2 650 280)
3 970 274
4 803 952 (2 565 337)
2 238 615
Furniture and fixtures
441 231
(206 059)
235 172
427 253
(173 953)
253 300
Motor vehicles
452 430
(156 697)
295 733
853 192
(259 932)
593 260
Office equipment
64 872
(46 497)
18 375
67 324
(43 249)
24 075
IT equipment
130 568
(78 249)
52 319
132 020
(101 088)
30 932
Leasehold improvements
311 192
(311 192)
-
311 192
(247 350)
63 842
Total
8 020 847 (3 448 974)
4 571 873
6 594 933 (3 390 909)
3 204 024
Company
2011
2010
Cost
Accumulated
depreciation
Carrying
value
Cost
Accumulated
depreciation
Carrying
value
Motor vehicles
186 364
(45 038)
141 326
560 126
(152 526)
407 600
IT equipment
19 309
(1 742)
17 567
3 245
-
3 245
Total
205 673
(46 780)
158 893
563 371 (152 526)
410 845
IFRS 9 Financial Instraments
First part of a three-part project to replace IAS 39 Finan-
cial Instraments: Recognition and Measurement. Effective
date of the standard is for years begining on or after 1
January 2013.
The Group expects to adopt the standard for the first time
in the 2014 annual financial statements. It is unlikely that
the standard will have a material impact on the compa-
ny’s annual financial statements.
IFRS 10 Consolidated Financial Statements
Replaces the consolidation requirement in SIC-12 Con-
solodation - Special Purpose Entities and IAS 27 Consoli-
dated and Separate Financial Statements. The standard
identifies the concept of control of the determining fac-
tor in whether an entity should be included within the
consolidated financial statement of the parent company
and provides additional guidance to assist in the determi-
nation of control where it is difficult to assess.
The effective date of the standard is for years begining on
or after 1 January 2013.
The Group expects to adopt the standard for the first time
in the 2014 annual financial statements. It is unlikely that
the standard will have a material impact on the compa-
ny’s annual financial statements.