(c) Property, plant and equipment
Non Current Assets
Consolidated
Construction in
progress
$’000
Freehold land
$’000
At 1 July 2012
Cost or subject to impairment
1,040,764
116
Fair value
-
-
Accumulated depreciation
-
-
Net book amount
1,040,764
116
Year ended 30 June 2013
Opening net book amount 1 July
1,040,764
116
Additions into asset register from capital works in progress
-
-
Borrowing costs capitalised
19,684
-
Additions into capital works in progress
763,796
-
Impairment charge recognised in consolidated income statement
-
-
Depreciation charge
-
-
Transfers out of capital work in progress
(1,428,229)
-
Written down value of assets disposed
-
-
Revaluation of assets
-
-
Closing net book amount
396,015
116
At 30 June 2013
Cost or subject to impairment
396,015
116
Fair value
-
-
Accumulated depreciation
-
-
Net book amount
396,015
116
NOTE 08
NON-FINANCIAL ASSETS AND LIABILITIES (CONTINUED)
Consolidated
Construction in
progress
$’000
Freehold land
$’000
Year ended 30 June 2014
Opening net book amount 1 July
396,015
116
Additions into asset register from capital works in progress
-
5,011
Reversal of impairment
-
-
Borrowing costs capitalised
6,129
-
Additions into capital works in progress
271,537
-
Depreciation charge
-
-
Transfers out of capital work in progress
(280,962)
-
Written down value of assets disposed
-
-
Reversal of revaluation of assets
-
-
Closing net book amount
392,719
5,127
At 30 June 2014
Cost or subject to impairment
392,719
5,127
Fair value
-
-
Accumulated depreciation
-
-
Net book amount
392,719
5,127
64
