Interfront Annual Report 2022

PART E: FINANCIAL INFORMATION 97 International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2022 6. Property, Plant and Equipment 2022 2021 Cost/ Valuation Accumulated amortisation and accumulated impairment Carrying Value Cost/ Valuation Accumulated amortisation and accumulated impairment Carrying Value Leasehold improvements 6 021 451 (4 781 037) 1 240 414 6 021 451 (4 727 709) 1 293 742 Furniture and fixtures 1 851 645 (942 099) 909 546 1 772 315 (969 041) 803 274 Office equipment - leased 109 788 (109 788) - 109 788 (109 788) - IT equipment 18 278 916 (13 674 577) 4 604 339 16 591 377 (12 895 107) 3 696 270 Generators - - - 203 544 (193 367) 10 177 Security equipment 20 108 (18 131) 1 977 20 108 (19 103) 1 005 Total 26 281 908 (19 525 632) 6 756 276 24 718 583 (18 914 115) 5 804 468 Reconciliation of property plant and equipment - March 2022 Opening Balance Additions Disposals Change in estimate Depreciation Total Leasehold improvements 1 293 742 - - 472 203 (525 529) 1 240 416 Furniture and fixtures 803 274 140 588 (3 063) 149 111 (180 364) 909 546 IT equipment 3 696 270 1 713 584 (1 110) 1 735 870 (2 540 275) 4 604 339 Generators 10 177 - (10 177) - - - Security equipment 1 005 - - 2 752 (1 780) 1 977 5 804 468 1 854 172 (14 350) 2 359 936 (3 247 948) 6 756 278 Reconciliation of property plant and equipment - March 2021 Opening Balance Additions Disposals Change in estimate Depreciation Total Leasehold improvements 1 463 874 - - (170 132) 1 293 742 1 240 416 Furniture and fixtures 641 441 260 308 - (98 475) 803 274 909 546 IT equipment 4 904 932 526 263 (26 125) (1 708 800) 3 696 270 4 604 339 Generators 10 177 - - - 10 177 - Security equipment 1 005 - - - 1 005 1 977 7 021 429 786 571 (26 125) (1 977 407) 5 804 468 6 756 278 Other information Property plant and equipment fully depreciated and still in use (gross carrying amount) Property plant and equipment - 522 493 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 376 272 682 779 Impairment As per GRAP 26 management assessed whether there was any indication that the tangible assets were impaired. No such indications were identified. Figures in Rand 2022 2021