Agribel Annual Financial Review | Page 19

AGRIBEL HOLDINGS LTD FINANCIAL REVIEW 2021
2 .
PROPERTY , PLANT AND EQUIPMENT
GROUP
2021 R ' m
2020 R ' m
Cost price
4 017
2 743
Land
95
37
Silos
1 162
838
Buildings and improvements
1 019
539
Plant and equipment
1 518
1 097
Vehicles
199
143
Heavy vehicles
24
89
Accumulated depreciation and impairments
( 1 020 )
( 730 )
Land
-
-
Silos
( 70 )
( 68 )
Buildings and improvements
( 124 )
( 90 )
Plant and equipment
( 711 )
( 469 )
Vehicles
( 101 )
( 79 )
Heavy vehicles
( 14 )
( 24 )
Total carrying value
2 997
2 013
2.1 . Registers of land and buildings are available for inspection at the registered offices of the relevant companies . 2.2 . Certain assets are encumbered as set out in note 7.2.2 , 7.2.3 and 7.2.4 . 2.3 . The capital commitments of the group are set out in note 21 .
2021 - Reconciliation of movements on property , plant and equipment
Balance at the beginning of the year
R ' m
Business combinations
R ' m
Purchases R ' m
Disposals and impairment provisions
R ' m
Depreciation R ' m
Balance at the end of the year
R ' m
GROUP - 2021 Land
37
55
2
1
-
95
Silos
770
313
7
2
-
1 092
Buildings and improvements
449
444
28
( 14 )
( 12 )
895
Plant and equipment
628
146
133
( 7 )
( 93 )
807
Vehicles
64
34
16
( 5 )
( 11 )
98
Heavy vehicles
65
11
2
( 62 )
( 6 )
10
Total
2 013
1 003
188
( 85 )
( 122 )
2 997
1 Relates to the acquisitions of Suidwes Holdings ( Pty ) Ltd , Hinterland Holdings ( Pty ) Ltd and Suidwes IT Solutions ( Pty ) Ltd . Refer to note 6.2 for more details
regarding the acquisitions .
2020 - Reconciliation of movements on property , plant and equipment
Balance at the beginning of the year
R ' m
Business combinations
R ' m
Purchases R ' m
Disposals and impairment provisions
R ' m
Transfers R ' m
Depreciation R ' m
Balance at the end of the year
R ' m
GROUP - 2020 Land
35
-
2
-
-
-
37
Silos
770
-
-
-
-
-
770
Buildings and improvements
228
173
59
( 3 )
1
( 9 )
449
Plant and equipment
365
138
187
( 4 )
-
( 58 )
628
Vehicles
40
24
20
( 10 )
-
( 10 )
64
Heavy vehicles
-
76
-
( 1 )
-
( 10 )
65
Total
1 438
411
268
( 18 )
1
( 87 )
2 013
1 Relates to the acquisitions of Falcon Agricultural Equipment ( Pty ) Ltd , KLK Landbou Ltd and Grainovation ( Pty ) Ltd . Refer to note 6.2 for more details
regarding the acquisitions .
Agribel Holdings Limited Reg nr : 1996 / 017629 / 06 AGRIBEL ANNUAL FINANCIAL REVIEW 2021
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