CTFA Annual Report 2021

NOTES TO THE FINANCIAL STATEMENTS 3.2 Balances at year end and movements for the year Fixtures and fittings Office equipment Computer equipment Total Reconciliation for the year ended 31 December 2021 Balance at 1 January 2021 At cost 234,834 18,762 191,048 444,644 Accumulated depreciation (91,097) (10,510) (136,210) (237,817) Net book value 143,737 8,252 54,838 206,827 Movements for the year ended 31 December 2021 Additions - - 50,447 50,447 Depreciation (38,471) (2,225) (38,022) (78,718) Disposal - - (13,808) (13,808) Property, plant and equipment at end of year 105,266 6,027 53,455 164,747 Closing balance at 31 December 2021 At cost 234,834 18,762 223,996 477,592 Accumulated depreciation (129,568) (12,736) (170,541) (312,845) Net book value 105,266 6,026 53,455 164,747 Fixtures and fittings Office equipment Computer equipment Total Reconciliation for the year ended 31 December 2020 Balance at 1 January 2020 At cost 234,834 18,762 127,499 381,095 Accumulated depreciation (52,121) (8,349) (99,877) (160,347) Net book value 182,713 10,413 27,622 220,748 Movements for the year ended 31 December 2020 Additions - - 63,550 63,550 Depreciation (38,976) (2,161) (36,334) (77,471) Property, plant and equipment at end of year 143,737 8,252 54,838 206,828 Closing balance at 31 December 2020 At cost 234,834 18,762 191,048 444,644 Accumulated depreciation (91,097) (10,510) (136,210) (237,817) Net book value 143,737 8,252 54,838 206,827 COSMETIC TOILETRY AND FRAGRANCE ASSOCIATION OF SOUTH AFRICA 31