NOTE 06
NON-FINANCIAL ASSETS AND LIABILITIES
(CONTINUED)
Construction
in progress
Freehold
land
Freehold
buildings
Consolidated
$’000
$’000
$’000
At 1 July 2013
Cost or valuation
396,015
116
14,550
Accumulated depreciation
-
-
(3,388)
Net book amount
396,015
116
11,162
Year ended 30 June 2014
Opening net book amount as at 1 July
396,015
116
11,162
Additions
-
5,011
935
Reversal of impairment expense
-
-
-
Borrowing costs capitalised
6,129
-
-
Additions into capital works in progress
271,537
-
-
Depreciation charge
-
-
(388)
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
11,709
At 30 June 2014
Cost or valuation
392,719
5,127
15,468
Accumulated depreciation
-
-
(3,759)
Net book amount
392,719
5,127
11,709
(c) Property, plant and equipment
Non - Current Assets
Consolidated
Year ended 30 June 2015
Opening net book amount as at 1 July
392,719
5,127
11,709
Additions
-
2,175
1,141
Impairment expense
-
-
-
Borrowing costs capitalised
4,810
-
-
Additions into capital works in progress
259,820
-
-
Depreciation charge
-
-
(489)
Transfers out of capital work in progress
(411,744)
-
-
Written down value of assets disposed
-
-
-
Reversal of revaluation of assets
-
-
-
Closing net book amount
245,605
7,302
12,361
At 30 June 2015
Cost or valuation
245,605
7,302
16,609
Accumulated depreciation
-
-
(4,248)
Net book amount
245,605
7,302
12,361
72
