102 / 166
2017
R’000
2016
R’000
13.
PROPERTY, PLANT AND EQUIPMENT
Freehold land and buildings
5 687 104
5 925 199
Cost
7 015 124
7 328 906
Accumulated depreciation and impairments
(1 328 020)
(1 403 707)
Leasehold premises
770 481
721 699
Cost
1 477 927
1 365 227
Accumulated depreciation and impairments
(707 446)
(643 528)
Plant and equipment
1 599 043
1 706 713
Cost
5 277 625
5 556 502
Accumulated depreciation and impairments
(3 678 582)
(3 849 789)
Office equipment, furniture and fittings
609 749
449 348
Cost
1 928 944
1 778 905
Accumulated depreciation and impairments
(1 319 195)
(1 329 557)
Vehicles
1 665 306
1 740 318
Cost
3 939 684
4 396 278
Accumulated depreciation and impairments
(2 274 378)
(2 655 960)
Capital work-in-progress
373 507
473 428
10 705 190
11 016 705
Property, plant and equipment with an estimated carrying value of R836 million (2016: R462 million)
were pledged as security for borrowings of R496 million (2016: R363 million) (refer to note 25).
A register of land and buildings is available for inspection by shareholders at the registered office of
the company.
Movement in property, plant and equipment
Carrying value at beginning of year
11 016 705
8 267 925
Capital expenditure
2 158 660
1 988 422
Freehold land and buildings
400 636
399 849
Leasehold premises
195 669
138 348
Plant and equipment
481 827
453 879
Office equipment, furniture and fittings
331 916
246 207
Vehicles
464 692
494 864
Capital work-in-progress
283 920
255 275
Acquisition of businesses
264 945
228 880
Freehold land and buildings
121 105
115 901
Leasehold premises
43 424
4 727
Plant and equipment
63 312
58 793
Office equipment, furniture and fittings
16 986
7 655
Vehicles
20 118
25 069
Capital work-in-progress
–
16 735
FINANCIAL OVERVIEW
Notes to the consolidated financial statements
for the year ended June 30
FINANCIAL STAT MENTS
Annual integrated report 2017
Bid Corporation Limited
98