Notes to the consolidated financial statements |
| for the year ended 30 June 2008 |
 |
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2008 |
|
2007 |
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R’000 |
|
R’000 |
3. |
INVESTMENT PROPERTIES |
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Land and buildings |
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Carrying amount at beginning of year |
|
61 425 |
|
59 077 |
| |
Acquisitions |
|
413 |
|
2 375 |
| |
Reclassifications |
|
– |
|
(27) |
| |
Carrying amount at end of year |
|
61 838 |
|
61 425 |
| |
Estimated fair value |
|
152 025 |
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152 025 |
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A register containing details of investment properties is available for inspection |
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during business hours at the registered address of the company by shareholders |
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or their duly authorised agents. |
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There is no depreciation charge for the year as the residual values are either equal |
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to, or exceed the carrying amounts. |
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