Page 102 - ACCESS ANNUAL REPORT 2019

NOTES (continued)
S ar o significant acco nting po icies contin ed ash and cash e iva ents
Cash and cash e uivalents comprise alances with less than three months’ maturity rom the date o ac uisition, includin cash on hand, deposits held at call and other short term hi hly li uid investments with ori inal maturities o three months or less.
ropert and e ip ent
Recognition and measurement
Property and e uipment are measured at cost less accumulated depreciation and impairment losses. Cost includes expenditures that are directly attri uta le to the ac uisition o the asset. he cost o sel constructed assets includes the cost o materials and direct la our, any other costs directly attri uta le to rin in the assets to a wor in condition or their intended use, the costs o dismantlin and removin the items and restorin the site on which they are located, and capitalised orrowin costs. Purchased so tware that is inte ral to the unctionality o the related e uipment is capitalised as part o that e uipment.
hen parts o an item o property or e uipment have different use ul lives, they are accounted or as separate items ma or components o property and e uipment.
he ain or loss on disposal o an item o property and e uipment is determined y comparin the proceeds rom disposal with the carryin amount o the item o property and e uipment, and is reco nised in other income other expenses in profit or loss.
S bse ent costs
he cost o replacin part o an item o property or e uipment is reco nised in the carryin amount o the item i it is pro a le that the uture economic enefits em odied within the part will ow to the Group and its cost can e measured relia ly. he costs o the day to day servicin o property and e uipment are reco nised in profit or loss as incurred.
Depreciation
Depreciation is reco nised in profit or loss on a strai ht line asis over the estimated use ul lives o each part o an item o property and e uipment since this most closely re ects the expected pattern o consumption o the uture economic enefits em odied in the asset.
he estimated use ul lives or the current and correspondin periods are as ollows
he residual values, use ul lives and methods o depreciation o property, plant and e uipment are reviewed at each financial year end and ad usted prospectively, i appropriate.
easeho d and and b i dings
2%
easeho d i prove ents
over the ease period
F rnit re, fittings and e ip ent
20%
o p ters
33.33%
otor vehic es
25%
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