| GROUP | ||||||
| Land and buildings Rm |
Furniture, fittings, equipment and vehicles Rm |
Leasehold improve- ments Rm |
Aircraft Rm |
Total Rm |
||
| 10. | Property, equipment and vehicles | |||||
| 2013 | ||||||
| Carrying value | 1 522.9 | 2 052.2 | 321.2 | 21.4 | 3 917.7 | |
| Cost | 1 720.0 | 4 903.3 | 888.0 | 73.8 | 7 585.1 | |
| Accumulated depreciation | (197.1) | (2 851.1) | (566.8) | (52.4) | (3 667.4) | |
| Reconciliation of carrying value | ||||||
| Carrying value at beginning of period | 1 560.3 | 1 930.4 | 346.2 | 27.0 | 3 863.9 | |
| Additions | 160.1 | 701.0 | 102.6 | — | 963.7 | |
| Expansion of operations | 159.0 | 332.9 | 59.9 | — | 551.8 | |
| Maintaining operations | 1.1 | 368.1 | 42.7 | — | 411.9 | |
| Borrowing costs capitalised† | 6.4 | — | — | — | 6.4 | |
| Depreciation | (35.6) | (604.8) | (103.7) | (5.6) | (749.7) | |
| Disposals | (168.3) | (30.3) | (1.9) | — | (200.5) | |
| Purchase of operations | — | 40.8 | — | — | 40.8 | |
| Reclassifications to intangible assets | — | 1.8 | (22.0) | — | (20.2) | |
| Foreign currency translation | — | 13.3 | — | — | 13.3 | |
| Carrying value at end of period* | 1 522.9 | 2 052.2 | 321.2 | 21.4 | 3 917.7 | |
| 2012 | ||||||
| Carrying value | 1 560.3 | 1 930.4 | 346.2 | 27.0 | 3 863.9 | |
| Cost | 1 722.9 | 4 566.7 | 892.9 | 73.7 | 7 256.2 | |
| Accumulated depreciation | (162.6) | (2 636.3) | (546.7) | (46.7) | (3 392.3) | |
| Reconciliation of carrying value | ||||||
| Carrying value at beginning of period | 1 149.0 | 1 933.0 | 289.8 | 30.0 | 3 401.8 | |
| Additions | 439.5 | 572.7 | 317.2 | 2.6 | 1 332.0 | |
| Expansion of operations | 428.2 | 246.7 | 51.5 | — | 726.4 | |
| Maintaining operations | 11.3 | 326.0 | 265.7 | 2.6 | 605.6 | |
| Borrowing costs capitalised† | 7.3 | — | — | — | 7.3 | |
| Depreciation | (34.9) | (411.8) | (254.8) | (5.6) | (707.1) | |
| Disposals | (0.6) | (41.2) | (6.0) | — | (47.8) | |
| Purchase of operations | — | 16.8 | — | — | 16.8 | |
| Reclassifications to intangible assets | — | (139.1) | — | — | (139.1) | |
| Carrying value at end of period* | 1 560.3 | 1 930.4 | 346.2 | 27.0 | 3 863.9 |
| Property with a carrying value of R649.3 million (2012: R670.2 million) (directors’ valuation – R1 200.7 million (2012: R1 138.0 million)) is provided as security for long-term borrowings (refer note 22). |
| * | Included in the carrying value of property, equipment and vehicles is leased vehicles with a carrying value of R97.3 million (2012: R101.7 million) secured by lease liabilities (note 22). | |
| † | Borrowing costs are capitalised on qualifying assets. The weighted average expenditure incurred on qualifying assets was R190.2 million (2012: R223.4 million) and the weighted average borrowing rate was 5.54% (2012: 5.78%). |