Pick n Pay Group of Companies financial statements
notes to the group financial statements
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Pick n Pay Stores Group |
Pick n Pay Holdings Group |
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Property Rm |
Furniture, fittings, equip- ment and vehicles Rm |
Leasehold improve- ments Rm |
Aircraft Rm |
Total Rm |
Property Rm |
Furniture, fittings, equip- ment and vehicles Rm |
Leasehold improve- ments Rm |
Aircraft Rm |
Total Rm |
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10. |
PROPERTY, PLANT AND EQUIPMENT |
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2015 |
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Carrying value |
1 513.4 |
2 290.9 |
366.4 |
16.3 |
4 187.0 |
1 513.4 |
2 290.9 |
366.4 |
16.3 |
4 187.0 |
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Cost |
1 789.8 |
5 601.3 |
915.3 |
73.7 |
8 380.1 |
1 789.8 |
5 601.3 |
915.3 |
73.7 |
8 380.1 |
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Accumulated depreciation and impairment losses |
(276.4) |
(3 310.4) |
(548.9) |
(57.4) |
(4 193.1) |
(276.4) |
(3 310.4) |
(548.9) |
(57.4) |
(4 193.1) |
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Reconciliation of carrying value |
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Carrying value at beginning of period |
1 516.5 |
2 183.1 |
321.7 |
18.0 |
4 039.3 |
1 516.5 |
2 183.1 |
321.7 |
18.0 |
4 039.3 |
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Additions |
36.3 |
725.6 |
135.4 |
— |
897.3 |
36.3 |
725.6 |
135.4 |
— |
897.3 |
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Expansion of operations |
3.0 |
270.6 |
7.4 |
— |
281.0 |
3.0 |
270.6 |
7.4 |
— |
281.0 |
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Maintaining operations |
33.3 |
455.0 |
128.0 |
— |
616.3 |
33.3 |
455.0 |
128.0 |
— |
616.3 |
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Depreciation |
(38.3) |
(590.5) |
(84.0) |
(1.7) |
(714.5) |
(38.3) |
(590.5) |
(84.0) |
(1.7) |
(714.5) |
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Disposals |
(1.1) |
(43.5) |
(2.3) |
— |
(46.9) |
(1.1) |
(43.5) |
(2.3) |
— |
(46.9) |
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Purchase of operations (note 9) |
— |
8.8 |
— |
— |
8.8 |
— |
8.8 |
— |
— |
8.8 |
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Reclassifications |
— |
20.8 |
(4.4) |
— |
16.4 |
— |
20.8 |
(4.4) |
— |
16.4 |
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Foreign currency translation |
— |
(13.4) |
— |
— |
(13.4) |
— |
(13.4) |
— |
— |
(13.4) |
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Carrying value at end of period# |
1 513.4 |
2 290.9 |
366.4 |
16.3 |
4 187.0 |
1 513.4 |
2 290.9 |
366.4 |
16.3 |
4 187.0 |
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2014 |
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Carrying value |
1 516.5 |
2 183.1 |
321.7 |
18.0 |
4 039.3 |
1 516.5 |
2 183.1 |
321.7 |
18.0 |
4 039.3 |
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Cost |
1 754.6 |
5 322.4 |
945.7 |
73.8 |
8 096.5 |
1 754.6 |
5 322.4 |
945.7 |
73.8 |
8 096.5 |
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Accumulated depreciation and impairment losses |
(238.1) |
(3 139.3) |
(624.0) |
(55.8) |
(4 057.2) |
(238.1) |
(3 139.3) |
(624.0) |
(55.8) |
(4 057.2) |
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Reconciliation of carrying value |
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Carrying value at beginning of period |
1 522.9 |
2 052.2 |
321.2 |
21.4 |
3 917.7 |
1 522.9 |
2 052.2 |
321.2 |
21.4 |
3 917.7 |
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Additions |
33.0 |
750.8 |
98.6 |
— |
882.4 |
33.0 |
750.8 |
98.6 |
— |
882.4 |
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Expansion of operations |
33.0 |
433.0 |
33.4 |
— |
499.4 |
33.0 |
433.0 |
33.4 |
— |
499.4 |
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Maintaining operations |
— |
317.8 |
65.2 |
— |
383.0 |
— |
317.8 |
65.2 |
— |
383.0 |
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Depreciation |
(39.3) |
(611.2) |
(95.2) |
(3.4) |
(749.1) |
(39.3) |
(611.2) |
(95.2) |
(3.4) |
(749.1) |
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Disposals |
(0.1) |
(40.7) |
(2.9) |
— |
(43.7) |
(0.1) |
(40.7) |
(2.9) |
— |
(43.7) |
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Purchase of operations (note 9) |
— |
30.7 |
— |
— |
30.7 |
— |
30.7 |
— |
— |
30.7 |
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Reclassifications |
— |
(6.9) |
— |
— |
(6.9) |
— |
(6.9) |
— |
— |
(6.9) |
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Foreign currency translation |
— |
8.2 |
— |
— |
8.2 |
— |
8.2 |
— |
— |
8.2 |
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Carrying value at end of period# |
1 516.5 |
2 183.1 |
321.7 |
18.0 |
4 039.3 |
1 516.5 |
2 183.1 |
321.7 |
18.0 |
4 039.3 |
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Property with a carrying value of R609.1 million (2014: R624.9 million) is provided as security for long-term borrowings (refer to note 21). |
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# Included in the carrying value of property, plant and equipment is leased vehicles with a carrying value of R103.6 million (2014: R93.9 million) secured by finance lease liabilities (refer to note 21). |
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