Page 107 - Sundance Resources Ltd Annual Report 2013

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013 105
NOTES TO THE
FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 JUNE 2013
Note 15. PROPERTY, PLANT & EQUIPMENT
2013
$
2012
$
Cost 14,607,654 12,086,128
Accumulated depreciation (10,710,648) (6,944,942)
3,897,006 5,141,186
Buildings 1,596,778 1,418,679
Plant and Equipment 1,179,008 2,534,706
IT and Communications 591,710 653,536
Furniture and Fittings 529,510 534,265
3,897,006 5,141,186
Cost
Buildings
$
Plant &
Equipment
$
IT & Com-
munication
$
Furniture
& Fittings
$
Total
$
Balance at 30 June 2011 2,017,314 8,111,428 1,201,982 800,634 12,131,359
Effect of movement in exchange rates (190,995) (712,940) (60,100) (41,878) (1,005,911)
Additions 19,738 635,696 212,203 160,376 1,028,014
Write-offs - (28,785) (36,475) (2,074) (67,334)
Balance at 30 June 2012 1,846,057 8,005,400 1,317,611 917,058 12,086,128
Effect of movement in exchange rates 338,688 1,427,093 155,941 163,409 2,085,131
Additions 13,889 206,136 198,703 113,146 531,875
Write-offs - (93,352) (2,126) - (95,478)
Balance at 30 June 2013 2,198,634 9,545,277 1,670,130 1,193,613 14,607,654
Accumulated depreciation and impairment
Balance at 30 June 2011 (333,730) (3,786,760) (382,560) (323,270) (4,826,321)
Effect of movement in exchange rates 36,872 394,469 68,330 70,329 570,000
Eliminated on asset write-off - 14,218 20,183 52 34,453
Depreciation expense (130,520) (2,092,622) (370,029) (129,904) (2,723,075)
Balance at 30 June 2012 (427,378) (5,470,695) (664,076) (382,794) (6,944,943)
Effect of movement in exchange rates (46,420) (1,294,437) (11,469) (126,215) (1,478,541)
Eliminated on asset write-off - 57,170 1,122 - 58,292
Depreciation expense (128,058) (1,658,307) (403,997) (155,094) (2,345,456)
Balance at 30 June 2013 (601,856) (8,366,269) (1,078,420) (664,103) (10,710,648)