Institutions often invest in
improvements of LAND OTHER THAN BUILDINGS, i.e. building of sport
facilities or paving of parking areas, etc. This option
allows the user to record information about these investments and the
information will then further be used to generate STATS Table 5.3.
| Field | Type & Length |
Description |
|---|---|---|
| Land Improvement Code | N4 | A numeric Code which will uniquely identify the land improvement. |
| Description | A30 | The Description of the land improvement. |
| Campus Code | N2 | The code of the campus as defined in {SPCS-1}, on which the land improvement is located. The system will display the description of the Campus. |
| Ownership | N2 | The Ownership code of the land improvement as defined
in {ACS-3}. The system will
display the description of the
ownership
code. |
| Aggregate Program | N2 | The Dominant Aggregate program use of this
property, as defined in the STATS tables. The system will
display
the program description. |
| Category | N2 | The Land Improvement Category code as defined for STATS
purposes. The system will display the description of the
Category. STATS Table 5.3 requires all land improvements to be allocated to so-called "Aggregate Programmes". The allowed values are:
|
| Asset | This field will display the uniquely number that identify the asset. | |
| Type | This field will display the Asset Type of the asset as defined in {ACS-2}. | |
| Capital | This field will display the general ledger allocation (cost centre and account) against which the asset was purchased. | |
| Purchase Price | This field will display the amount from the order if an order number was entered. If no order number was entered, this field will display the amount that was manually entered. | |
| Category | This field will display the Asset Category and Category Description. | |
| Depreciation Date | This field will display the date on wich last depreciation run was done for the asset. | |
| Accumulated Dep | This field will display the depreciation that has been done on the asset, according to the depreciation code. | |
| Group | This field will display the group of an asset as defined in {ACS-1} as IMMOVABLE or MOVABLE. | |
| Acquisition Date | This field will display the date on which the asset was taken into use at the institution | |
| Residual Value | This field will display the expected value at the replacement date for the asset. | |
| Class | This field display the class of the asset - Land, Land Improvements, Buildings, Equipment, Plant or Other. | |
| Recognition | This Field will display the date on which the depreciation will start for the asset. | |
| Inventory Value | This field will display the value of the land (in local currency), as reflected in the financial statements of the institution. This is normally the purchase price, but if it was bought for a nominal amount only, the market value at the time of acquisition shall be displayed that was entered manually. | |
| Model | This field will display the depreciation model to be used on the asset type.The system supports the COST BASED model and REVALUATION BASED model. | |
| Useful Life | This will display the Period over which an asset is expected to be available for use by an institution. | |
| Recoverable Service Amt | This field will display the higher of a non-cash-generating asset's fair value less costs to sell and its value in use. | |
|
| Processing Rules |
|
|---|---|
| No special processing rules |
| Date | System Version | By Whom | Job | Description |
|---|---|---|---|---|
| 16-Oct-2006 | v01.0.0.0 | Amanda Nell | T134459 | New manual format. |
| 14-Sep-2007 | v01.0.0.0 | Elize de Swardt | T137484 | New manual format for IFRS |
| 23-Jan-2007 | v01.0.0.1 | Amanda Nell | T146713 | Add new image |
| 19-May-2009 | v01.0.0.1 | Charlene van der Schyff | T158347 | Edit language obtained from proof read language Juliet Gillies. |
| 04-Sep-2012 | v01.0.0.2 | Sister Legwabe | T185556 | Add description of Aggregate program |
| 08-Feb-2016 |
v04.0.0.0 |
Dinong Sereko |
t196513 |
Add new image for INT4 |