Page 270 - SAMRC Annual Report 2023-24

ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NOTES TO THE ANNUAL FINANCIAL STATEMENTS

(CONTINUED)

31 MARCH 31 MARCH
2024 2023
R R
10. Property, plant and equipment (continued)

Property, plant and equipment in the process of being constructed or developed
Cumulative expenditure recognised in the carrying value of property, plant and equipment

Buildings 4,648,683 6,069,528

Reconciliation of Work-in-Progress 31 March 2024
INCLUDED
WITHIN
INFRASTRUCTURE TOTAL
Opening balance 6,069,528 6,069,528
Additions/capital expenditure 203,428 203,428
Transferred to expense (1,624,273) (1,624,273)
4,648,683 4,648,683

Reconciliation of Work-in-Progress 31 March 2023

INCLUDED
WITHIN
INFRASTRUCTURE TOTAL
Opening balance 14,965,309 14,965,309
Additions/capital expenditure 4,872,203 4,872,203
Capitalised to buildings (13,767,984) (13,767,984)
6,069,528 6,069,528

Expenditure incurred to repair and maintain property, plant and equipment

Expenditure incurred to repair and maintain property, plant and equipment included in Statement of Financial
Performance

31 MARCH 31 MARCH
2024 2023
R R
Contracted services 17,598,774 16,235,908

268 SAMRC ANNUAL REPOR T 2023-24