National Consumer Tribunal Annual Report 2011/12 National Consumer Tribunal 2011-12

Annual Financial Statements NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2011 3 INTANGIBLE ASSETS Computer Software Software under development Total 2011 Cost/ Accumulated valuation depreciation R R Carry value R Cost/ valuation R Carry value R 510 629 (229 230) 281 399 262 339 (132 273) 130 066 236 000 - 236 000 222 000 - 222 000 746 629 (229 230) 517 399 484 339 (132 273) 352 066 Reconciliation of property, plant and equipment - 2011 Opening balance Additions Depreciation R R R 130 066 248 290 (96 957) Computer software Software under 222 000 14 000 - development Total 352 066 262 290 (96 957) Reconciliation of property, plant and equipment - 2010 Opening balance Additions Depreciation R R R 141 037 60 160 (71 131) Computer software Software under 25 000 197 000 development Total 166 037 257 160 (71 131) 4 2010 Accumulated depreciation R TRADE AND OTHER RECEIVABLES FROM EXCHANGE TRANSACTION Total R 281 399 236 000 517 399 Total R 130 066 222 000 352 066 - 106 606 Accounts receivable - 8 137 Trade debtors - 8 137 Less: provision for bad debts - - 4.2 Other receivables - 98 469 Rental deposit - 91 173 Prepayments - insurance - 7 296 3 280 115 1 839 400 1 778 091 1 154 870 (21 646) (25 067) 1 409 903 575 915 113 767 133 682 4.1 Exchange transactions 5 TRADE AND OTHER PAYABLES FROM EXCHANGE TRANSACTIONS Trade and other payables Discounting of payables Accruals Accrued leave pay Note: The leave pay accrual relates to the estimated liability as a result of services rendered by employees up to the reporting date. It is calculated by apportioning the annual salary to a daily cost which is then multiplied by the number of leave days accumulated. Annual Report 2011 page 90 | national consumer tribunal

National Consumer Tribunal Annual Report 2011/12 National Consumer Tribunal 2011-12 | Page 92