The introduction of Generally Recognised Accounting Practice (GRAP) within local government focussed attention on asset management. National Treasury additionally issued a number of asset management practices and reporting requirements. These include the need to identify componentised, value and track the health of assets, to establish programmes and provide resources to care for assets and to report on these matters.

An asset register is a complete and accurate database of the assets that is under the control of a municipality and that is regularly updated and validated. An adequate asset register is integral to effective asset management. It is the basis of an asset management information system and should contain relevant data beyond that required for financial reporting.

Obalinx focuses mainly on the compilation of an asset register as per the following that covers

• GRAP17
• GRAP 16
• GRAP 100
• GRAP 101

Our asset model combines four pillars;

1. surveying and unbundling,
2. Technologies
3. Financial reconciliation and reporting
4. Specialised experts for engineering, landfills and properties.

The four pillars are used to provide a link between the various departments at the municipality to ensure complete and accurate information is used during the compilation of the AFS.