notes to the consolidated annual financial statements 
 
 
 
     
   
                31 March 
   
2004 
2003 
   
R’000 
R’000 
5. PROPERTY, PLANT AND EQUIPMENT
 
 
  Land and buildings – owned
590 172 
536 520 
   
 
 
  Cost price
682 846 
614 507 
  Accumulated depreciation
92 674 
77 987 
   
 
 
  Land and buildings – leased
99 930 
111 617 
   
 
 
  Cost price
114 956 
124 339 
  Accumulated depreciation
15 026 
12 722 
   
 
 
  Manufacturing equipment – owned
396 860 
425 495 
   
 
 
  Cost price
833 004 
818 039 
  Accumulated depreciation
436 144 
392 544 
   
 
 
  Manufacturing equipment – leased
69 234 
80 574 
   
 
 
  Cost price
144 810 
144 887 
  Accumulated depreciation
75 576 
64 313 
   
 
 
  Transmission equipment and set-top boxes – owned
69 715 
87 207 
   
 
 
  Cost price
512 250 
515 901 
  Accumulated depreciation
442 535 
428 694 
   
 
 
  Transmission equipment and set-top boxes – leased
1 568 298 
1 992 780 
   
 
 
  Cost price
2 708 221 
3 019 179 
  Accumulated depreciation
1 139 923 
1 026 399 
   
 
 
  Vehicles, computer and office equipment – owned
405 054 
469 012 
   
 
 
  Cost price
1 573 271 
1 569 310 
  Accumulated depreciation
1 168 217 
1 100 298 
   
 
 
  Vehicles, computers and office equipment – leased
12 902 
99 617 
   
 
 
  Cost price
44 250 
145 884 
  Accumulated depreciation
31 348 
46 267 
   
 
 
  Subtotal
3 212 165 
3 802 822 
  Work-in-progress
61 669 
15 407 
  Net book value
3 273 834 
3 818 229 
  Total cost price
6 675 277 
6 967 453 
  Total accumulated depreciation
3 401 443 
3 149 224 
  Net book value
3 273 834 
3 818 229 
       
 
 
Transmission 
Vehicles, 
 
Manufac- 
equipment 
computers 
 
Land and 
turing 
and set- 
and office 
Total 
Total 
 
buildings 
equipment 
top boxes 
equipment 
2004 
2003 
 
R’000 
R’000 
R’000 
R’000 
R’000 
R’000 
Cost price
 
 
 
 
 
 
Balance 1 April
738 846 
962 926 
3 535 080 
1 715 194 
6 952 046 
8 035 999 
Currency translation differences
(9 700)
(4 171)
(364 305)
(144 341)
(522 517)
(1 065 038)
Reallocations
(394)
2 619 
— 
(2 225)
— 
— 
Asset impairment
— 
— 
— 
— 
— 
(2 251)
Acquisition of subsidiaries
— 
— 
— 
16 410 
16 410 
716 
Acquisitions
75 472 
49 697 
41 494 
232 480 
399 143 
650 784 
Successive acquisition
— 
— 
— 
— 
—
122 313 
Disposals
(5 165)
(33 257)
(4 789)
(168 573)
(211 784)
(790 292)
Change in effective holding
of joint ventures
(1 257)
— 
12 991 
(31 424)
(19 690)
(185)
Balance 31 March
797 802 
977 814 
3 220 471 
1 617 521 
6 613 608 
6 952 046 
Accumulated depreciation
 
 
 
 
 
 
Balance 1 April
90 709 
456 857 
1 455 093 
1 146 565 
3 149 224 
3 239 923 
Currency translation differences
(2 840)
(4 052)
(172 746)
(50 158)
(229 796)
(427 138)
Reallocations
(470)
155 
— 
315 
— 
— 
Acquisition of subsidiaries
— 
— 
— 
15 444 
15 444 
387 
Disposals
(3 030)
(12 720)
(2 310)
(158 013)
(176 073)
(455 244)
Depreciation
23 526 
71 480 
289 449 
250 647 
635 102 
791 396 
Change in effective holding
of joint ventures
(195)
— 
12 972 
(5 235)
7 542 
(100)
Balance 31 March
107 700 
511 720 
1 582 458 
1 199 565 
3 401 443 
3 149 224 
Work-in-progress
61 669 
15 407 
Net book value
690 102 
 466 094 
1 638 013 
417 956 
3 273 834 
3 818 229 
             
         
             31 March
       
2004 
2003 
Classification of depreciation in income statements  
R’000 
R’000 
Depreciation – continuing operations    
635 102 
791 396 
Depreciation – discontinuing operations    
— 
(44 967)
       
635 102 
746 429 

The group has pledged property, plant and equipment with a carrying value of R161,7 million at 31 March 2004 (2003: R230,2 million) as security against certain term loans and overdrafts with banks.

Registers containing additional information on land and buildings are available for inspection at the registered offices of the respective group companies. The directors are of the opinion that the recoverable amount of each class of property exceeds the carrying amount at which it is included in the balance sheet.