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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
82 Independence Group NL
Notes to the consolidated financial statements
30 June 2016
(continued)
Invested Capital
This section of the notes provides further information about property, plant and equipment, mine properties and
exploration and evaluation expenditure and the carrying amount of these non-financial assets, including accounting
policies, key judgements and estimates relevant to understanding these items.
13 Property, plant and equipment
Land and
buildings
$'000
Mining plant
and
equipment
$'000
Furniture,
fittings and
other
equipment
$'000
Motor
vehicles
$'000
Assets under
construction
$'000
Total
$'000
Year ended 30 June 2016
Cost
39,383
133,754
11,773
5,900
2,534
193,344
Accumulated depreciation
and impairment
(20,288)
(114,240)
(7,704)
(3,803)
-
(146,035)
Net book amount
19,095
19,514
4,069
2,097
2,534
47,309
Movements
Opening net book amount
20,041
20,086
2,467
1,219
3,431
47,244
Acquisition of subsidiary
1,113
1,010
510
788
11
3,432
Additions
412
6,045
1,777
780
1,378
10,392
Transfers
1,332
2,297
847
70
(2,286)
2,260
Disposals
(127)
(87)
(22)
(24)
-
(260)
Depreciation charge
(3,676)
(9,837)
(1,510)
(736)
-
(15,759)
Closing net book amount
19,095
19,514
4,069
2,097
2,534
47,309
Year ended 30 June 2015
Cost
36,176
127,953
8,490
4,440
3,431
180,490
Accumulated depreciation
and impairment
(16,135)
(107,867)
(6,023)
(3,221)
-
(133,246)
Net book amount
20,041
20,086
2,467
1,219
3,431
47,244
Movements
Opening net book amount
23,424
16,916
2,609
3,874
407
47,230
Additions
112
11,009
926
383
3,338
15,768
Transfers
70
3,628
185
(2,536)
(314)
1,033
Disposals
-
(127)
-
(20)
-
(147)
Depreciation charge
(3,565)
(11,340)
(1,253)
(482)
-
(16,640)
Closing net book amount
20,041
20,086
2,467
1,219
3,431
47,244
(a) Leased assets
Plant and equipment includes the following amounts where the Group is a lessee under a finance lease:
2016
$'000
2015
$'000
Leased equipment
Cost
-
3,903
Accumulation depreciation
-
(3,424)
Net book amount
-
479
Independence Group NL
54