2020 INTEGRATED REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) for the year ended 31 December 2020 2. PROPERTY AND EQUIPMENT Owner- Vehicles, office Leasehold Right-of- use occupied Computer furniture & improve- assets: property hardware equipment ments Buildings Total R’m R’m R’m R’m R'm R’m Year ended 31 December 2019 Opening net book amount 482 60 37 15 – 594 Recognition on adoption of IFRS 16 – – – – 66 66 Additions 78 53 8 5 44 188 Transfer to investment property (23) – – – – (23) Disposals: Cost – (43) (13) – (22) (78) Disposals: Accumulated Depreciation – 43 13 – 2 58 Depreciation charge (10) (30) (12) (4) (22) (78) Revaluation surplus 9 – – – – 9 Closing net book amount 536 83 33 16 68 736 At 31 December 2019 Cost or valuation 536 139 81 34 88 878 Accumulated depreciation – (56) (48) (18) (20) (142) Net book amount 536 83 33 16 68 736 Non-current 536 83 33 16 68 736 Year ended 31 December 2020 Opening net book amount 536 83 33 16 68 736 Additions 3 12 7 3 12 37 Disposals: Cost – (2) (4) – (5) (11) Disposals: Accumulated Depreciation – 2 4 – 5 11 Depreciation charge (9) (30) (11) (4) (23) (77) Revaluation deficit (15) – – – – (15) Closing net book amount 515 65 29 15 57 681 At 31 December 2020 Cost or valuation 515 149 84 37 95 880 Accumulated depreciation – (84) (55) (22) (38) (199) Net book amount 515 65 29 15 57 681 Non-current 515 65 29 15 57 681 OWNER-OCCUPIED PROPERTY The land and buildings revaluation surplus/(deficit)represents the capital appreciation/(depreciation) on the owner-occupied properties. As the properties are held to back insurance policy liabilities, with discretionary participation features, the movement in insurance policy liabilities as a result of the revaluation is recognised directly in equity. 146 | PPS INTEGRATED REPORT 2020