Asset Management

“Asset management is not a once a year exercise to satisfy auditors. It is crucial to sustainable service delivery and maximising value to be delivered from assets!”

• GRAP 17 implementation and compliance
• Asset componentisation
• Recording and accounting for mainly Infrastructure assets
• Globular amounts and valuation of infrastructure assets
• Impairments
• Annual re-assessment of remaining useful lives (RUL)
• Annual financial disclosures (Notes and relevant Annexures)
• Lack in asset management skills and capacity
• Linking assets to sources of financing
• Capital expenditure versus operating maintenance and refurbishment cost

PwC proposition
We assist and work with municipalities in dealing with their asset management challenges by:

• Providing GRAP compliant fixed asset registers
• Performing asset verifications
• Performing condition assessments
• Providing our asset management system BAUD
• Striving to improve co-ordination across the departments in municipalities and the office of the CFO to break down the silo effect and improve asset management
• Assisting with the answering of asset related audit queries
• Advising on asset optimisation and alignment to service delivery requirements
• Providing training in asset management and related concepts
• Developing and/or advising on policies and procedures