Umsobomvu Youth Fund Annual Report 2006 - Nyda

COMPANYLeaseholdComputer Computer Office improve- Motorhardware software equipment Furniture ments vehicle TotalRand Rand Rand Rand Rand Rand Rand5 Property, plant and equipment31 March 2006Balance at beginningof year 1 944 593 497 764 1 278 934 2 473 882 2 563 699 519 089 9 277 961Current period movementsAdditions at cost 1 501 274 14 065 772 937 1 564 437 1 612 899 1 067 470 6 533 082Disposals – – – – – (366 900) (366 900)Depreciation (864 670) (170 457) (434 388) (589 950) (769 799) (126 003) (2 955 267)Balance at end of year 2 581 197 341 372 1 617 483 3 448 369 3 406 799 1 093 656 12 488 876Reconciliation:Assets at cost 5 271 435 857 625 2 777 194 4 863 226 5 202 139 1 359 684 20 331 303Accumulateddepreciation (2 690 238) (516 253) (1 159 711) (1 414 857) (1 795 340) (266 028) (7 842 427)Carrying amount 2 581 197 341 372 1 617 483 3 448 369 3 406 799 1 093 656 12 488 87631 March 2005Balance at beginningof year 1 458 581 421 435 746 136 1 315 504 124 941 546 123 4 612 720Current period movementsAdditions at cost 874 555 34 664 613 568 1 440 309 2 858 078 52 451 5 873 625Disposals (63 504) – (14 177) – – – (77 681)Depreciation (909 608) (257 322) (453 413) (555 044) (419 320) (139 481) (2 734 188)Error in estimatesadjustment – 2004 465 913 207 892 241 770 132 906 – 25 236 1 073 717Error in estimatesadjustment – 2005 118 656 91 095 145 051 140 208 – 34 759 529 769Balance at end of year 1 944 593 497 764 1 278 935 2 473 883 2 563 699 519 088 9 277 962Reconciliation:Assets at cost 3 770 161 843 561 2 004 258 3 298 789 3 589 238 699 854 14 205 861Accumulateddepreciation (1 825 568) (345 797) (725 323) (824 906) (1 025 539) (180 766) (4 927 899)Carrying amount 1 944 593 497 764 1 278 935 2 473 883 2 563 699 519 088 9 277 962Umsobomvu Youth Fund 2006 Financial Statements63