Annual integrated report 2016

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2016
R’000
2015
R’000
12. PROCEEDS ON DISPOSAL OF INTEREST IN SUBSIDIARIES AND ASSOCIATES, AND
DISPOSAL AND CLOSURE OF BUSINESSES
Property, plant and equipment 15 104 490
Intangibles 195 –
Goodwill 18 468 –
Interest in associates 20 515 –
Deferred taxation 1 514 –
Investments and advances – 2 919
Inventories 29 530 –
Trade and other receivables 63 047 –
Cash and cash equivalents 1 816 –
Borrowings (11 767) –
Trade and other payables and provisions (50 816) –
Taxation (717) –
Fair value of net tangible assets 86 889 3 409
Net profit on disposal of interest in subsidiaries and associates, and disposal and closure of businesses 35 818 1 373
Non-controlling interests 7 170 –
Less: Cash and cash equivalents disposed of (1 816) –
Net proceeds 128 061 4 782
13. PROPERTY, PLANT AND EQUIPMENT
Freehold land and buildings 5 925 199 4 469 007
Cost 7 328 906 5 582 498
Accumulated depreciation and impairments (1 403 707) (1 113 491)
Leasehold premises 721 699 623 463
Cost 1 365 227 1 143 096
Accumulated depreciation and impairments (643 528) (519 633)
Plant and equipment 1 706 713 1 232 583
Cost 5 556 502 4 092 204
Accumulated depreciation and impairments (3 849 789) (2 859 621)
Office equipment, furniture and fittings 449 348 281 697
Cost 1 778 905 1 253 605
Accumulated depreciation and impairments (1 329 557) (971 908)
Vehicles 1 740 318 1 314 399
Cost 4 396 278 3 070 830
Accumulated depreciation and impairments (2 655 960) (1 756 431)
Capitalised leased assets – 154 702
Cost – 550 575
Accumulated depreciation and impairments – (395 873)
Capital work-in-progress 473 428 192 074
11 016 705 8 267 925
Property, plant and equipment with an estimated carrying value of R462 million (2015: R241 million) is pledged as security for borrowings of
R363 million (2015: R180 million) (refer to note 24).
A register of land and buildings is available for inspection by shareholders at the registered office of the company.
Notes to the consolidated financial statements
for the year ended June 30
Page 84 | Bidcorp Limited Annual integrated report 2016