Notes to the annual financial statements
for the year ended 31 December 2008
| Computer | Leasehold | |||||||
| Motor | Office | equipment | improve- | |||||
| vehicles | Furniture | equipment | and systems | Buildings | ments | Total | ||
| R’000 | R’000 | R’000 | R’000 | R’000 | R’000 | R’000 | ||
| 6. | Property and equipment | |||||||
| Group | ||||||||
| Cost | ||||||||
| At 31 December 2006 | 55,980 | 22,362 | 5,126 | 93,365 | – | – | 176,833 | |
| Additions | 12,019 | 841 | 195 | 8,053 | – | – | 21,108 | |
| Disposals | (12,862) | (320) | – | (2,017) | – | – | (15,199) | |
| Exchange rate movement | (1,982) | (12) | (416) | (4,208) | – | – | (6,618) | |
| At 31 December 2007 | 53,155 | 22,871 | 4,905 | 95,193 | – | – | 176,124 | |
| Additions | 15,267 | 4,913 | 304 | 12,897 | 261 | 6,282 | 39,924 | |
| Transfer from investment property | – | – | – | – | 5,674 | – | 5,674 | |
| Disposals | (12,328) | (118) | (5) | (1,448) | – | – | (13,899) | |
| Exchange rate movement | (263) | 8 | (66) | 306 | (883) | – | (898) | |
| At 31 December 2008 | 55,831 | 27,674 | 5,138 | 106,948 | 5,052 | 6,282 | 206,925 | |
| Accumulated depreciation | ||||||||
| At 31 December 2006 | 9,403 | 16,306 | 4,452 | 78,196 | – | – | 108,357 | |
| Depreciation charge for the year | 5,518 | 1,078 | 310 | 9,739 | – | – | 16,645 | |
| Accumulated depreciation on disposals | (5,118) | (260) | – | (1,480) | – | – | (6,858) | |
| Exchange rate movement | (635) | (77) | (297) | (4,542) | – | – | (5,551) | |
| At 31 December 2007 | 9,168 | 17,047 | 4,465 | 81,913 | – | – | 112,593 | |
| Depreciation charge for the year | 5,600 | 1,549 | 460 | 10,619 | 124 | 523 | 18,875 | |
| Transfer from investment property | – | – | – | – | 308 | – | 308 | |
| Accumulated depreciation on disposals | (4,420) | (99) | (3) | (1,425) | – | – | (5,947) | |
| Exchange rate movement | 350 | 70 | (264) | (4,657) | (99) | – | (4,600) | |
| At 31 December 2008 | 10,698 | 18,567 | 4,658 | 86,450 | 333 | 523 | 121,229 | |
| Carrying amount | ||||||||
| At 31 December 2007 | 43,987 | 5,824 | 440 | 13,280 | – | – | 63,531 | |
| At 31 December 2008 | 45,133 | 9,107 | 480 | 20,498 | 4,719 | 5,759 | 85,696 | |
| Buildings comprise Plot 54479, Fairgrounds Office Park, Gaborone, Botswana. It was acquired in 1997 and was previously classified as Investment Property. The building is now occupied by the Group and has been reclassified as Buildings during 2008 (see note 8). | ||||||||
| Company | ||||||||
| Cost | ||||||||
| At 31 December 2006 | 52,793 | 21,657 | 4,521 | 85,080 | – | 164,051 | ||
| Additions | 11,250 | 561 | 105 | 7,320 | – | 19,236 | ||
| Disposals | (12,323) | (55) | – | (2,016) | – | (14,394) | ||
| At 31 December 2007 | 51,720 | 22,163 | 4,626 | 90,384 | – | 168,893 | ||
| Additions | 14,786 | 3,625 | 33 | 12,550 | 5,535 | 36,529 | ||
| Disposals | (12,039) | (5) | (5) | (1,057) | – | (13,106) | ||
| At 31 December 2008 | 54,467 | 25,783 | 4,654 | 101,877 | 5,535 | 192,316 | ||
| Accumulated depreciation | ||||||||
| At 31 December 2006 | 8,766 | 15,823 | 4,005 | 72,276 | – | 100,870 | ||
| Depreciation charge for the year | 5,232 | 1,029 | 289 | 8,340 | – | 14,890 | ||
| Accumulated depreciation on disposals | (4,794) | (1) | – | (1,982) | – | (6,777) | ||
| At 31 December 2007 | 9,204 | 16,851 | 4,294 | 78,634 | – | 108,983 | ||
| Depreciation charge for the year | 5,445 | 1,353 | 193 | 4,050 | 227 | 11,268 | ||
| Accumulated depreciation on disposals | (4,290) | – | (3) | (1,034) | – | (5,327) | ||
| At 31 December 2008 | 10,359 | 18,204 | 4,484 | 81,650 | 227 | 114,924 | ||
| Carrying amount | ||||||||
| At 31 December 2007 | 42,516 | 5,312 | 332 | 11,750 | – | 59,910 | ||
| At 31 December 2008 | 44,108 | 7,579 | 170 | 20,227 | 5,308 | 77,392 | ||
