Page 66 - Bauxite Resources Annual Report 2014

64 | Bauxite Resources Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
Notes to the Financial Statements cont.
Annual Report 2014 Bauxite Resources 64
Consolidated Group
2014 2013
$ $
Plant and equipment
Cost 3,252,762 3,466,559
Accumulated depreciation (1,803,303) (1,482,214)
Net book amount 1,449,459 1,984,345
Plant and equipment
Opening net book amount 1,984,345 3,189,210
Additions - 5,039
Depreciation charge (460,886) (362,381)
Revaluations (2,163) (636,959)
Disposals (71,837) (210,564)
Closing net book amount 1,449,459 1,984,345
Motor Vehicles
Cost 463,663 511,132
Accumulated depreciation (325,403) (298,704)
Net book amount 138,260 212,428
Motor Vehicles
Opening net book amount 212,428 376,302
Additions 14,213 15,665
Depreciation charge (64,060) (101,963)
Disposals (24,321) (77,576)
Closing net book amount 138,260 212,428
Property and buildings
Cost 2,989,956 2,989,956
Accumulated depreciation (53,576) (42,838)
Net book amount 2,936,380 2,947,118
Property and buildings
Opening net book amount 2,947,118 2,950,162
Additions - 7,378
Depreciation charge (10,738) (10,422)
Closing net book amount 2,936,380 2,947,118
Software
Cost 295,944 292,034
Accumulated depreciation (273,302) (227,444)
Net book amount 22,642 64,590
Software
Opening net book amount 64,590 91,643
Additions 3,910 32,417
Depreciation charge (37,110) (59,470)
Revaluations (8,748) -
Disposals - -
Closing net book amount 22,642 64,590
Exploration equipment
Cost 208,423 224,825
Accumulated depreciation (173,882) (165,631)
Net book amount 34,541 59,194
Exploration equipment
Opening net book amount 59,194 83,249
Additions 444 1,941
Depreciation charge (18,777) (25,488)