NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2004
 
               
1. PROPERTY, PLANT AND EQUIPMENT        
    
 
2004
 
 
2003
 
    
 
Accumulated
Net
 
Accumulated
Net 
    
Cost
depreciation
value
Cost
depreciation
value 
     
R million
R million
R million
R million
R million
R million 
  Land and buildings
9
1
8
–
–
– 
  Machinery and equipment
2
2
–
–
–
– 
  Vehicles
4
3
1
–
–
– 
  Office equipment
38
21
17
*
*
* 
   
53
27
26
*
*
* 
               
               
            
2004
2003 
   Depreciation rates are as follows:           
%
% 
    Buildings             
2
5 – 10 
    Machinery and equipment            
4 – 20
16²/3– 33 ¹/3 
   Vehicles            
20 – 25
20 
   Office equipment          
16²/3– 50
16²/3– 33 ¹/3 
                   
       
Land
Machinery
 
 
       
and
and
 
 
  Reconciliation of carrying value at    
buildings
equipment
2004
2003 
  the beginning and end of the year    
R million
R million
R million
R million 
       
 
 
 
 
  Balances at 1 July    
–
*
*
1 
  Additions    
–
*
*
* 
  Depreciation    
–
*
*
* 
  Businesses acquired    
8
18
26
– 
  Businesses disposed    
–
–
–
(1)
  Other    
–
*
*
* 
  Balances at 30 June    
8
18
26
* 
               
  * Amount smaller than R500 000            
               
 

Liabilities resulting from mortgage loans, finance leases and instalment sale agreements are secured by property, plant and equipment with a book value of R12 million.

The registers containing details of land and buildings are available for inspection by members or their proxies at the registered offices of the companies to which the relevant properties belong.