130 / 248
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
128
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
4.
PROPERTY, PLANT AND EQUIPMENT
Year ended 31 May 2015
Opening carrying amount
16 561
2 245
7 342
Additions
17 834
1 202
3 992
Acquisition of subsidiary
1 428
89
—
Disposals
(116)
—
(875)
Disposal of subsidiary
(64)
—
—
Depreciation charge
(12 596)
(976)
(2 616)
Closing carrying amount
23 047
2 560
7 843
At 31 May 2015
Cost
72 529
10 835
14 974
Accumulated depreciation
(49 312)
(7 571)
(7 131)
Accumulated impairments
(170)
(704)
—
Carrying amount
23 047
2 560
7 843
Year ended 31 May 2014
Opening carrying amount
13 772
3 157
7 509
Additions
11 755
438
2 558
Acquisition of subsidiary
503
116
—
Disposals
(337)
(18)
(226)
Depreciation charge
(9 114)
(1 337)
(2 499)
Impairment charges*
(18)
(111)
—
Closing carrying amount
16 561
2 245
7 342
At 31 May 2014
Cost
54 808
9 551
13 492
Accumulated depreciation
(38 077)
(6 602)
(6 150)
Accumulated impairments
(170)
(704)
—
Carrying amount
16 561
2 245
7 342
* All impairment charges in the prior year related to Datacel Direct Proprietary Limited, the fixed assets of which
were considered not recoverable and scrapped at net book value. These impairment charges solely related to the
Solutions segment.
There are no property, plant and equipment assets that are encumbered.
The residual values of buildings are estimated to be higher than the carrying value and therefore
there is no depreciation charge.
Computer
equipment
R’000
Furniture
and fittings
R’000
Motor
vehicles
R’000