Notes To The Financial Statements (Continued) For The Year Ended 30 June 2014 2014 2013 8. INVESTMENTS The investments shown at Trustees’ Valuation US$ at the time of donation comprises Hippo Valley US$ Estates Limited 8 712 ordinary shares 6 970 9 583 9. PROPERTY, PLANT & EQUIPMENT Motor Furniture Office Buildings Libraries vehicles & fittings Computer equipment Total For the year ended 30 June 2013 $ $ Carrying amount at the 1 July 2012 535 719 95 558 Gross carrying amount 562 500 111 437 Accumulated depreciation 26 781 15 879 $ $ $ $ $ 97 269 14 522 30 867 75 775 849 710 283 288 18 574 120 534 121 274 1 217 607 186 019 4 052 89 667 45 499 367 897 Additions 2 857 29 200 2 954 42 372 49 427 126 810 Disposals - - - - Cost - - 55 000 - - - 55 000 - Depreciation - - 55 000 - - - 55 000 Depreciation for the year 14 063 5 715 51 083 2 152 33 044 22 452 128 508 Impairment write-offs - - 2 075 - 3 079 8 150 13 304 521 656 92 700 73 311 15 324 37 116 94 600 834 708 For the year ended 30 June 2014 Carrying amount at the 1 July 2013 521 656 92 700 73 311 15 324 37 116 94 600 834 708 Gross carrying amount 562 500 114 294 255 413 21 528 159 827 162 551 1 276 113 Accumulated depreciation 40 844 21 594 182 102 6 204 122 711 67 951 441 405 Additions 19 235 3 270 31 768 13 027 22 119 1 999 91 417 Disposals - - 3 000 - 3 000 Cost - - 7 500 - - - 7 500 Depreciation - - 4 500 - - - 4 500 Depreciation for the year 18 398 5 802 34 120 3 231 27 462 14 805 103 818 Impairment write-offs - - - - 514 - 514 Carrying amount as at 30 June 2014 522 493 90 167 67 958 25 120 31 259 81 795 818 793 Summary Gross carrying amount 581 735 117 564 279 681 34 555 181 432 164 550 1 359 516 Accumulated depreciation 59 242 27 396 211 722 9 435 150 173 82 755 540 724 522 493 90 167 67 958 25 120 31 259 81 795 818 793 Legal Resources Foundation secured a mortgage loan with CABS Building Society amounting to $432,418.00 for the purchase of 16 Oxford Road property. Title deeds for Amalungelo Building, 94 Fort Street, Bulawayo, and assets belonging to the organisation, valued at $105 000.00 were ceded as part collateral for the mortgage. 51