Umsobomvu Youth Fund Annual Report 2006 - Nyda

notes to thefinancialstatementsfor the year ended31 March 2006GROUPOfficeLeasehold JackingComputer Computer equip- Motor improve- Equiphardwaresoftware ment Furniture vehicles ments ment Tools TotalRand Rand Rand Rand Rand Rand Rand Rand Rand5 Property, plant and equipment (continued)31 March 2006Balance atbeginning of year 1 944 593 497 764 1 278 934 2 473 883 519 089 2 563 699 – – 9 277 962Current periodmovementsAdditions at cost 1 501 274 14 063 772 937 1 564 437 1 067 471 1 612 899 – – 6 533 081Acquisition onbusinesscombinations 41 930 25 475 – 19 626 614 000 34 950 320 000 234 469 1 290 450Disposals – – – – (366 900) – – – (366 900)Depreciation (872 041) (175 568) (434 387) (592 104) (217 852) (796 011) (47 518) (27 767) (3 163 248)Balance atend of year 2 615 756 361 734 1 617 484 3 465 842 1 615 808 3 415 537 272 482 206 702 13 571 345Reconciliation:Assets at cost 5 313 365 883 099 2 777 195 4 882 852 1 973 684 5 237 089 320 000 234 469 21 621 753Accumulateddepreciation (2 697 609) (521 365) (1 159 711) (1 417 010) (357 876) (1 821 552) (47 518) (27 767) (8 050 408)Carrying amount 2 615 756 361 734 1 617 484 3 465 842 1 615 808 3 415 537 272 482 206 702 13 571 34531 March 2005Balance atbeginning of year 1 458 581 421 435 746 136 1 315 504 546 123 124 941 – – 4 612 720Current periodmovementsAdditions at cost 874 555 34 664 613 568 1 440 309 52 451 2 858 078 – – 5 873 625Disposals (63 504) – (14 177) – – – – – (77 681)Depreciation (909 608) (257 322) (453 413) (555 044) (139 481) (419 320) – – (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 769Umsobomvu Youth Fund 2006 Financial StatementsBalance atend of year 1 944 593 497 764 1 278 935 2 473 883 519 088 2 563 699 – – 9 277 962Reconciliation:Assets at cost 3 770 161 843 561 2 004 258 3 298 789 699 854 3 589 238 – – 14 205 861Accumulateddepreciation (1 825 568) (345 797) (725 323) (824 906) (180 766) (1 025 539) – – (4 927 899)Carrying amount 1 944 593 497 764 1 278 935 2 473 883 519 088 2 563 699 – – 9 277 96264