Fixed AssetsFixed Assets

ManagementManagement

Purchase/Built

Record in asset registerDepreciate

Scrap

Fixed asset process

OVERVIEW

PPE (GRAP 7)

Legislative Requirements (IFRS/SA GAAP/GRAP)

Key Areas of focus

COMPONENTISATION OF ASSETS

Valve

Shell

Lining

Coating

WHY? Different components have different lives

COMPONENTS OF A PIPELINE

Asset class Sub class Useful lifePipeline - Steel Shell 75Pipeline - Steel Lining - CML 50Pipeline - Steel Lining - Epoxy 50Pipeline - Steel Lining - HDPE 50

Pipeline - Steel Lining - Bitumen 25

Pipeline - Steel Coating - Bitumen 50

Pipeline - Steel Coating - Bituguard 75

Pipeline - Steel Coating - Sintercoat 50

Pipeline - Steel Cathodic Protection 20

Pipeline - Pre-stressed concrete 30Pipeline - UPVC 25

Pipeline - GRP 30Cross Connections 75Carbon Fibre Lining 30Pipeline – Steel Valves 30

FIXED ASSETS POLICY

RAND WATER CURRENT PROJECTS

AS EMPLOYEES OF STATE OWNED ENTITIES WE HAVE AN OBLIGATION TO SAFEGUARD STATE ASSETSAS Citizens WE HAVE AN OBLIGATION TO SAFEGUARD OUR ASSETS