| |
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|
|
GROUP |
|
COMPANY |
|
| |
|
|
|
2005 |
|
2004 |
|
2005 |
|
2004 |
|
| |
|
|
|
|
|
Restated |
|
|
|
Restated |
|
| |
|
|
|
Rm |
|
Rm |
|
Rm |
|
Rm |
|
3.
|
INVESTMENT PROPERTY
|
|
|
|
|
|
|
|
|
|
|
| |
Cost |
|
|
|
|
|
|
|
|
|
|
| |
Balance at the beginning of the year |
|
|
17,0 |
|
14,8 |
|
1,8 |
|
4,0 |
|
| |
Additions |
|
|
|
|
|
|
0,3 |
|
|
|
| |
Subsidiaries acquired |
|
|
|
|
5,9 |
|
|
|
|
|
| |
Disposals |
|
|
(9,0) |
|
(3,4) |
|
|
|
(2,5) |
|
| |
Transfers in/(out) |
|
|
1,3 |
|
(0,3) |
|
|
|
|
|
| |
Balance at the end of the year |
|
|
9,3 |
|
17,0 |
|
2,1 |
|
1,8 |
|
| |
Accumulated depreciation and impairments |
|
|
|
|
|
|
|
|
|
|
| |
Balance at the beginning of the year |
|
|
(0,1) |
|
|
|
|
|
|
|
| |
Depreciation |
|
|
|
|
(0,1) |
|
|
|
|
|
| |
Impairment |
|
|
(0,8) |
|
|
|
|
|
|
|
| |
Disposals |
|
|
0,1 |
|
|
|
|
|
|
|
| |
Transfers in |
|
|
(1,1) |
|
|
|
|
|
|
|
| |
Balance at the end of the year |
|
|
(1,9) |
|
(0,1) |
|
|
|
|
|
| |
Book value |
|
|
7,4 |
|
16,9 |
|
2,1 |
|
1,8 |
|
|
Details of the freehold land and buildings of the group are recorded in a
register which may be inspected by the members or their duly authorised agents,
at the various group companies registered offices. |
|
There are no material restrictions on realising the value of investment property. There are no material contractual obligations to acquire or develop investment property. |
|
Rental income of R1,9 million (2004: R2,7 million) was received in respect of investment property. |
|
Certain investment properties have been earmarked for sale, as they are
considered noncore assets. It is estimated that these properties will be sold
by mid2006. |
|
The directors consider the fair value of the investment property to approximate its book value. |
