Date post: | 29-Mar-2015 |
Category: |
Documents |
Upload: | katarina-graver |
View: | 246 times |
Download: | 10 times |
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