REPORTING CONTEXT ABOUT US OUR OPERATING CONTEXT OUR PERFORMANCE OUR LEADERSHIP GOVERNANCE OUR FINANCIAL STATEMENTS SHAREHOLDERS' CORNER 5. PROPERTY, PLANT AND EQUIPMENT (continued) (g) Information about fair value measurements using significant unobservable inputs (Level 3) (continued) THE COMPANY Description Fair value at 30 June, Valuation technique Unobservable inputs Range of unobservable inputs (probability- weighted average) Relationship of unobservable inputs to fair value 2022 MUR ‘000 2021 MUR ‘000 Buildings 887 568 636 532 Replacement cost less depreciation approach Price per square metre MUR 3 200 - MUR 54 740 per square metre The higher the price per square metre, the higher the fair value Income based approach Price per square metre MUR 68 - MUR 835 per square metre The higher the price per square metre, the higher the fair value (h) Information about fair value measurements using significant unobservable inputs (Level 2): THE GROUP Description Fair value at 30 June, Valuation technique Unobservable inputs Range of unobservable inputs (probability- weighted average) Relationship of unobservable inputs to fair value 2022 MUR ‘000 2021 MUR ‘000 Freehold land and yard 1 365 556 1 221 142 Cost approach / Direct comparison approach Price per square metre MUR 1 688 to MUR 7 700 per square metre The higher the price per square metre, the higher the fair value THE COMPANY 2022 MUR ‘000 2021 MUR ‘000 Freehold land and yard 1 230 251 1 091 981 Cost approach / Direct comparison approach Price per square metre MUR 1 688 to MUR 7 700 per square metre The higher the price per square metre, the higher the fair value (i) Depreciation THE GROUP THE COMPANY 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 Cost of sales 261 167 232 716 209 089 182 784 Selling and distribution expenses 80 611 77 784 75 769 73 143 Administrative expenses 22 828 22 065 12 511 11 653 364 606 332 565 297 369 267 580 (j) If freehold land, yard and freehold buildings were stated on the historical cost basis, the carrying amounts would be as follows: THE GROUP Freehold land and yard MUR '000 Freehold buildings MUR '000 Total MUR '000 At 30 JUNE 2022 Cost 366 862 1 123 820 1 490 682 Accumulated depreciation (36 482) (533 143) (569 625) Net book value 330 380 590 677 921 057 At 30 JUNE 2021 Cost 367 973 1 137 357 1 505 330 Accumulated depreciation (36 461) (539 155) (575 616) Net book value 331 512 598 202 929 714 THE COMPANY Freehold land and yard MUR '000 Freehold buildings MUR '000 Total MUR '000 At 30 JUNE 2022 Cost 313 127 642 008 955 135 Accumulated depreciation (36 482) (200 609) (237 091) Net book value 276 645 441 399 718 044 At 30 JUNE 2021 Cost 309 236 622 510 931 746 Accumulated depreciation (36 461) (200 395) (236 856) Net book value 272 775 422 115 694 890 NOTES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 165 164 Phoenix Beverages Limited Integrated Report 2022 Phoenix Beverages Limited Integrated Report 2022
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