The presentation on the Asset Register highlighted that the municipality was not fully GRAP 17 compliant and as a low-capacity municipality was allowed to fully comply within three years in terms of Directive 4. The municipality conducted an asset identification exercise (in terms of assets that met the definition and recognition criteria for fixed assets as determined by GRAP 17) to identify all items held by the municipality. A completed Asset Register (which includes the following information: infrastructure; land and buildings; heritage; community; leased and other assets) was available containing all the required information. The municipality presented on the different categories of assets outlined above. The main reporting criteria used was accounting management, which assigns a financial value to the different immovable assets. These financial values were provided by valuers appointed by the municipality to valuate its assets