Senwes Annual Financial Statements 2022 | Page 23

SENWES ANNUAL FINANCIAL STATEMENTS 2022
2 . PROPERTY , PLANT AND EQUIPMENT
GROUP 2022 R ' m
2021 R ' m
COMPANY 2022 R ' m
Cost
3,380
3,284
1,485
1,424
Land
107
74
16
4
Silos
430
415
106
97
Buildings and improvements
1,089
1,055
294
296
Plant and equipment
1,463
1,518
968
941
Vehicles
261
198
101
86
Heavy vehicles
30
24
-
-
Accumulated depreciation and impairments
( 1,065 )
( 1,011 )
( 693 )
( 608 )
Land
( 16 )
-
-
-
Silos
( 72 )
( 62 )
( 69 )
( 59 )
Buildings and improvements
( 155 )
( 124 )
( 91 )
( 78 )
Plant and equipment
( 711 )
( 711 )
( 479 )
( 424 )
Vehicles
( 97 )
( 100 )
( 54 )
( 47 )
Heavy vehicles
( 14 )
( 14 )
-
-
Total carrying value
2,315
2,273
792
816
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 notes 7.2.2 , 7.2.3 and 7.2.4 .
2.3 .
The capital commitments of the group are set out in note 21.2 .
2022 - Reconciliation of movements on property , plant and equipment
Balance at the beginning of the year R ' m
Business combinations
1
R ' m
Purchases / Disposals / reclassifications
transfers 2
R ' m R ' m
Impairments /
Reversals 3
R ' m
Depreciation R ' m
2021 R ' m
Balance at the end of the year
R ' m
GROUP - 2022 Land
74
-
12
1
4
-
91
Silos
353
-
-
3
2
-
358
Buildings and improvements
931
-
53
( 10 )
( 27 )
( 13 )
934
Plant and equipment
807
-
124
( 39 )
( 33 )
( 107 )
752
Vehicles
98
1
94
( 11 )
( 1 )
( 17 )
164
Heavy vehicles
10
-
11
-
-
( 5 )
16
Total
2,273
1
294
( 56 )
( 55 )
( 142 )
2,315
1 Relates to the acquisition of SENWK ( Pty ) Ltd . Refer to note 6.1 for more details regarding the acquisition .
2
Includes a transfer from investment property to the amount of R11 million .
COMPANY - 2022 Land
4
-
12
-
-
-
16
Silos
38
-
-
( 2 )
1
-
37
Buildings and improvements
218
-
4
( 1 )
( 8 )
( 10 )
203
Plant and equipment
517
-
83
( 25 )
( 24 )
( 62 )
489
Vehicles
39
-
18
( 1 )
( 1 )
( 8 )
47
Total
816
-
117
( 29 )
( 32 )
( 80 )
792
3 During the current financial year , the group recognised an impairment loss on property , plant and equipment of R55 million . The most significant impairments
recognised relate to the following : - An impairment on a silo complex where a pipe system is leaking and currently not being used . The entire carrying amount ( R18 million ) has been impaired as the value in use is deemed to be Rnil , as well as aeration installed at certain silo ' s which is being replaced with new technology ( R11 million ). These impairment losses were allocated to the market access reportable segment in terms of the segmental results ( note 1.2 ). - Impairments to certain retail branches ( R11 million ) which operate as cash generating units . Branches were assessed for impairment indicators on the land and buildings . Where indicators were identified , the fair values less costs to sell were calculated based on specific market conditions impacting those branches . These impairment losses were allocated to the input supply reportable segment in terms of the segmental results ( note 1.2 ).

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