Subject to the above vehicles and equipment are depreciated on a straight line basis over the remaining useful lives as follows: Motor Vehicles Ÿ Office Equipment Ÿ Furniture and Fittings Ÿ Computers Ÿ 20% 20% 20% 33.33% Impairment of Vehicles and Equipment The carrying amount of vehicle and equipment is reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, the asset’s recoverable amount is estimated. Impairment loss is recognised directly through the statement of income or expenditure when the carrying amounts of the assets exceed the fair values of the respective assets. Derecognition of Vehicles and Equipment An item of vehicles and equipment is derecognised upon disposal or when no future economic benefits are expected from use or disposal. 2.6 Post Employment Benefits Contributions to defined contribution pension schemes are charged to the statement of income and expenditure in the year to which they relate. 2.7 Income Tax The Forum is not liable for corporate tax as it is exempt in terms of the Third Schedule to the Income Tax Act (Chapter 23:06) 49 ZIMBABWE HUMAN RIGHTS NGO FORUM ANNUAL REPORT 2017