Notes to the annual financial statements
for the year ended 28 February 2010
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| 2010 Rm |
2009 Rm |
2010 Rm |
2009 Rm |
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| 26. | Commitments | |||||||
| All capital expenditure will be funded from internal cash flow and through non-specific borrowing facilities obtained from various financial institutions. | ||||||||
| Authorised capital expenditure | ||||||||
| Contracted for | ||||||||
| Property | 178.0 | — | ||||||
| Equipment and vehicles | 138.0 | 105.7 | ||||||
| Intangible assets | 51.2 | 40.2 | ||||||
| Not contracted for | ||||||||
| Property | 44.0 | 120.0 | ||||||
| Equipment and vehicles | 1 058.6 | 1 169.5 | ||||||
| Intangible assets | 1.5 | 13.0 | ||||||
| Total commitments | 1 471.3 | 1 448.4 | — | — | ||||
| In addition to the above, an amount of R427.8 million has been authorised, but not committed, for the expansion of distribution capabilities in the Western Cape and Eastern Cape. The funding for these facilities will be sourced separately from financial institutions and once the developments are complete, it is likely they will be sold to an external landlord and the funding repaid. |