BlueCape Aquaculture Holdings Business Plan — Appendix B: Depreciation schedule by asset class

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Appendix B · 16 of 21

Depreciation schedule by asset class

Depreciation is computed straight-line over the useful economic life of each asset class. The schedule below reconciles to the aggregate depreciation charge carried in the projected income statement.

Asset class		Cost	Useful life	Annual charge
Marine infrastructure & buildings		R180m	25 yrs	R7.2m
Hatchery		R180m	15 yrs	R12.0m
Grow-out farms / RAS		R320m	12 yrs	R26.7m
Feed plant		R140m	12 yrs	R11.7m
Processing facility		R170m	15 yrs	R11.3m
Renewable energy & storage		R80m	20 yrs	R4.0m
Export warehouse & fit-out		R30m	10 yrs	R3.0m
Total depreciable base		R1,100m	—	R75.9m
	NOTE Reconciliation The aggregate annual charge of approximately R75.9m corresponds to the steady-state depreciation once all assets are commissioned. In the ramp years depreciation is lower because assets enter service progressively in line with the capex-deployment schedule; the model applies the charge from each asset’s commissioning date rather than from day one.