SALGA annual report 2016/17 SALGA ANNUAL REPORT 201617 PRINTED FINAL | Page 195

South African Local Government Association
Schedule 3A public entity i.t.o. the Public Finance Management Act, 1999 and recognised i.t.o. the
Organised Local Government Act, 1997
Annual Financial Statements for the year ended 31 March 2017
Notes to the Annual Financial Statements
Figures in Rand
2.
2017 2016
(73 980)
(37 000) (73 980)
(1 653 000)
687 352 609 946
1 138 869 1 314 254
Investment property (continued)
Amounts recognised in surplus or deficit
Rental revenue from investment property
Fair value (gain) or loss
From investment property that generated rental revenue
Direct operating expenses (including repairs and maintenance)
From investment property that did not generate rental revenue
Direct operating expenses (excluding repairs and maintenance)
The organisation has initiated a process to dispose of investment property. Advertisements were
placed on the Government Tender Bulletin; national newspapers; e-Tender portal and SALGA’s
website on 17 July 2015 and 6 November 2015.
3.
Property, plant and equipment
2017
Accumulated
depreciation
and
accumulated
impairment
Cost
Furniture and fixtures 15 287 175
1 161 167
Motor vehicles
6 445 870
Office equipment
17 980 909
IT equipment
12 860 686
Leased assets
-
Work in progress
Total
53 735 807
Carrying
value
Cost
(5 603 631) 9 683 544 14 871 124
(188 417)
972 750
748 745
(2 660 503) 3 785 367 6 165 424
(10 332 437) 7 648 472 16 022 649
(7 118 808) 5 741 878 10 591 606
-
-
66 897
(25 903 796) 27 832 011 48 466 445
2016
Accumulated
depreciation
and
accumulated
impairment
(5 021 740) 9 849 384
(555 175)
193 570
(2 337 341) 3 828 083
(8 144 946) 7 877 703
(6 889 740) 3 701 866
-
66 897
(22 948 942) 25 517 503
Reconciliation of property, plant and equipment - 2017
Opening
Impairment
Additions Disposals Transfers Depreciation
balance
loss
Furniture and
fixtures
9 849 384
Motor
vehicles
193 570
Office
equipment
3 828 083
7 877 703
IT equipment
3 701 866
Leased assets
Work in progress
66 897
 Total
25 517 503
Carrying
value
Total
917 382 (230 481) - (824 153) (28 588) 9 683 544
1 049 554 (164 603) - (105 771) - 972 750
488 747 (130 466)
-
2 742 521 (206 575)
-
4 586 266
-
-
-
- (66 897)
9 784 470 (732 125) (66 897) (391 968)
(2 748 642)
(2 546 254)
-
(6 616 788) (9 029)
(16 535)
-
195
3 785 367
7 648 472
5 741 878
-
-
(54 152) 27 832 011
SALGA ANNUAL REPORT
2016/17