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On 30 June 2019 and 30 June 2020, an independent sworn appraiser determined the fair value of the land to be R1 390 000 and

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On 30 June 2019 and 30 June 2020, an independent sworn appraiser determined the fair value of the land to be R1 390 000 and R1 450 000, respectively. The useful life and residual value of the building remained unchanged throughout the period. Property B On 29 February 2020, Pizazza Ltd purchased property B at a cost of R5 000 000 (Land: R1 000 000; Building: R4 000 000). The property consists of two buildings, which cannot be sold separately. Building 1 of the property covers 70% of the total floor space of the property and will be rented out. Building 2 of the property covers 30% of the total floor space of the property, which is regarded as an insignificant portion, and will house the administration function of Pizazza Lid. On acquisition date an estimated ful life of 35 va with sil of Rail which ained uncha d throughout

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