Integrated Reports Senwes Financial Review 2018 - Page 22

FINANCIAL REVIEW 22 2. 2018 - Reconciliation of the movements on property, plant and equipment PROPERTY, PLANT AND EQUIPMENT GROUP COMPANY 2018 R’m 2017 R’m 2018 R’m 2017 R’m Balance at the beginning of the year R’m Purcha­ses R’m Dispo­sals R’m Transfers within asset classes R'm Balance Depre­ at the end ciation of the year R’m R’m 1 117 996 1 023 916 Land 33 35 3 8 Land 35 3 - (5) - Silos 113 107 113 107 Silos 38 4 - - - 42 Buildings and improvements 238 204 187 162 Buildings and improvements 147 31 (3) 6 (3) 178 Plant and equipment 636 567 629 562 Plant and equipment * 226 86 - (1) (31) 280 97 83 91 77 25 17 - - (8) 34 (550) (525) (542) (519) 471 141 (3) - (42) 567 Cost price Vehicles Accumulated depreciation and impairments Land - - - - Silos (64) (69) (64) (69) Buildings and improvements (65) (57) (65) (57) Plant and equipment (357) (341) (353) (338) Vehicles (64) (58) (60) (55) Total carrying value 567 471 481 397 2.1. Registers of land and buildings are available for inspection at the registered offices of the relevant companies. 2.2. Certain assets are encumbered as set out in note 4.2.3. 2.3. The capital commitments of the group are set out in note 18.2. GROUP - 2018 Vehicles Total 33 *Included with the carrying value of plant and equipment is goodwill to the value of R6 million, which originated from the Agrico-transaction. Refer note 3.1. The goodwill was tested for impairment at year-end and no impairment was recognised. COMPANY - 2018 Land 8 - - (5) - 3 Silos 38 4 - - - 42 Buildings and improvements 105 22 (3) 6 (2) 128 Plant and equipment * 224 85 - (1) (31) 277 22 16 - - (7) 31 397 127 (3) - (40) 481 Vehicles Total *Included with the carrying value of plant and equipment is goodwill to the value of R6 million, which originated from the Agrico-transaction. Refer note 3.1. The goodwill was tested for impairment at year-end and no impairment was recognised. FINANCIAL REVIEW