Grindrod (JSE:GNDP.PFD) Construction In Progress : R103.53 Mil (As of Dec. 2023)

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What is Grindrod Construction In Progress?

Grindrod's quarterly construction in progress declined from Dec. 2022 (R66.41 Mil) to Jun. 2023 (R0.00 Mil) but then increased from Jun. 2023 (R0.00 Mil) to Dec. 2023 (R103.53 Mil).

Grindrod's annual construction in progress increased from Dec. 2021 (R39.50 Mil) to Dec. 2022 (R66.41 Mil) and increased from Dec. 2022 (R66.41 Mil) to Dec. 2023 (R103.53 Mil).

Grindrod Construction In Progress Historical Data

The historical data trend for Grindrod's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Grindrod Construction In Progress Chart

Grindrod Annual Data

Trend

Dec14

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Dec21

Dec22

Dec23

Construction In Progress

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47.59

25.91

39.50

66.41

103.53

Grindrod Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Construction In Progress	Get a 7-Day Free Trial															39.50	-	66.41	-	103.53

Grindrod Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Grindrod (JSE:GNDP.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grindrod Ltd (JSE:GNDP.PFD) » Definitions » Construction In Progress

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GND:South Africa

Address

106 Margaret Mncadi Avenue, Grindrod Mews, Durban, NL, ZAF, 4001

Website

https://www.grindrod.com

Grindrod Ltd is a logistics and financial services company with significant investments in marine fuel trading, private equity, and the property sector. The company organizes itself into three segments: logistics, ports and terminals, and bank. The logistics segment, which generates the majority of revenue, is involved in providing complete freight services, storage of containers, and clearing. The Ports and Terminals segment provides bulk handling of commodities. The bank segment provides loan finance and retail services through Grindrod Bank. The company is based in South Africa and operates in the following regions, in order of revenue share: Singapore/Asia/Australia, Middle East, South Africa, the United Kingdom/Europe, North America/Bermuda, and the rest of Africa.

Grindrod (JSE:GNDP.PFD) Headlines

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