OMBUD COUNCIL ANNUAL REPORT 2024/25

PART F: FINANCIAL INFORMATION

Amounts in Rand

5. PREPAYMENTS The prepayments in the current year, R391 546 (2024: R23 581) is made up of subscriptions and licenses paid in advance.

6. PROPERTY, PLANT AND EQUIPMENT

2025

2024

Accumulated depreciation

Carrying value

Accumulated depreciation

Carrying value

Cost

Cost

Office equipment

3,645

(61)

3,584

-

-

-

Computer equipment

368,651

(161,739)

206,912

220,849

(62,652)

158,197

Leased assets

65,304

(32,652)

32,652

46,997

(9,140)

37,857

Total

437,600

(194,452)

243,148

267,846

(71,792)

196,054

RECONCILIATION OF PROPERTY, PLANT AND EQUIPMENT – 2025

Opening balance

Additions Depreciation

Total

Office equipment

-

3,645

(61)

3,584

Computer equipment

158,197

147,802

(99,087)

206,912

Leased assets

37,857

18,307

(23,512)

32,652

196,054

169,754

(122,660)

243,148

The addition of leased asset relates to a correction of the intial recognition cost in the prior year. As the amount is not material, no prior year adjustment was done.

RECONCILIATION OF PROPERTY, PLANT AND EQUIPMENT – 2024

Opening balance

Additions

Disposals Depreciation

Total

Computer equipment

78,635

163,189

(34,808)

(48,819)

158,197

Leased assets

-

46,997

-

(9,140)

37,857

78,635

210,186

(34,808)

(57,959)

196,054

EXPENDITURE INCURRED TO REPAIR AND MAINTAIN PROPERTY, PLANT AND EQUIPMENT No expenditure for the repair and maintainance of property, plant and equipment incurred in the curent year.

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OMBUD COUNCIL ANNUAL REPORT 2024/25