Notes to the company annual financial statements

for the year ended 30 September 2008

			Accumulated	Net
			depreciation	book
		Cost	and impairments	value
		Rm	Rm	Rm
2.	Property, plant and equipment
	2008
	Freehold land and buildings	302	45	257
	Investment property	11	6	5
	Equipment, vehicles and furniture	13	8	5
		326	59	267
	2007
	Freehold land and buildings	150	30	120
	Equipment, vehicles, aircraft and furniture	245	129	116
		395	159	236
	Less: assets held for sale reflected under current assets	(198)	(94)	(104)
		197	65	132
	2006
	Freehold land and buildings	131	27	104
	Equipment, vehicles, aircraft and furniture	252	82	170
		383	109	274

There are no assets encumbered.

The insurable value of the company’s property, plant and equipment as at 30 September 2008 amounted to R379 million (2007: R249 million; 2006: R222 million). This is based on the cost of replacement of such assets, except for motor vehicles and certain selected assets, which are included at estimated retail value.

	Freehold
	land and	Investment	Equipment	Vehicles and
	buildings	properties	and furniture	aircraft	Total
	Rm	Rm	Rm	Rm	Rm
Movement of property,
plant and equipment
2008
Net balance at 1 October 2007	121		10	1	132
Additions	139	5	2		146
	260	5	12	1	278
Disposals			(3)	(1)	(4)
Depreciation (note 15)	(3)		(4)		(7)
Net balance at
30 September 2008	257	5	5		267

	Freehold
	land and	Equipment	Vehicles and
	buildings	and furniture	aircraft	Total
	Rm	Rm	Rm	Rm
2007
Net balance at 1 October 2006	104	15	155	274
Additions	19	1	1	21
	123	16	156	295
Disposals		(1)	(1)	(2)
Depreciation (note 15)	(2)	(5)	(13)	(20)
Impairment (note 15)			(37)	(37)
Net balance at 30 September 2007	121	10	105	236
Less: assets held for sale reflected under
current assets			(104)	(104)
Balance reflected as property, plant and equipment	121	10	1	132
2006
Net balance at 1 October 2005	103	14	167	284
Additions	4	6	1	11
	107	20	168	295
Disposals			(1)	(1)
Depreciation (note 15)	(3)	(5)	(12)	(20)
Net balance at 30 September 2006	104	15	155	274
The register of land and buildings is open for inspection at the registered office of the company.

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