Interfront 2025 Annual Report

International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2025 150 INTERFRONT ANNUAL REPORT 2025 Notes to the Financial Statements 7 Property, plant and equipment 2025 2024 Cost/ Valuation Accumulated depreciation and accumulated impairment Carrying value Cost/ Valuation Accumulated depreciation and accumulated impairment Carrying value Leasehold improvements 1 817 625 (813 867) 1 003 758 6 061 584 (5 128 372) 933 212 Furniture and fixtures 1 195 190 (652 153) 543 037 1 820 690 (1 168 463) 652 227 IT equipment 21 312 623 (11 457 266) 9 855 357 21 223 804 (11 910 173) 9 313 631 Security equipment 20 108 (17 097) 3 011 20 108 (15 802) 4 306 Total 24 345 546 (12 940 383) 11 405 163 29 126 186 (18 222 810) 10 903 376 Reconciliation of property, plant and equipment – March 2025 Opening balance Additions Disposals Depreciation Total Leasehold improvements 933 212 260 878 – (190 332) 1 003 758 Furniture and fixtures 652 227 42 704 (46 029) (105 865) 543 037 IT equipment 9 313 631 3 214 710 (192 262) (2 480 722) 9 855 357 Security Equipment 4 306 – – (1 295) 3 011 10 903 376 3 518 292 (238 291) (2 778 214) 11 405 163 Reconciliation of property, plant and equipment – March 2024 Opening balance Additions Disposals Depreciation Total Leasehold improvements 1 158 395 18 553 – (243 736) 933 212 Furniture and fixtures 746 669 – (1 929) (92 513) 652 227 IT equipment 7 693 214 3 992 089 (341 485) (2 030 187) 9 313 631 Security Equipment 1 895 – – 2 411 4 306 9 600 173 4 010 642 (343 414) (2 364 025) 10 903 376 Fully depreciated assets still in use amounts to R107 462. These will be systematically disposed of and replaced over the next 12 months. Other information Expenditure incurred to repair and maintain property, plant and equipment Expenditure incurred to repair and maintain property, plant and equipment included in the Statement of Financial Performance Repairs and maintenance 400 873 652 296 Impairment As per GRAP 26, management assessed whether there was any indication that the tangible assets were impaired. None were identified.