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NOTE 8 (CONTINUED)
NON-FINANCIAL ASSETS AND LIABILITIES
Construction
in progress
Freehold
land
Freehold
buildings
Consolidated
$’000
$’000
$’000
At 1 July 2014
Cost or fair value
392,719
5,127
15,468
Accumulated depreciation
-
-
(3,759)
Net book amount
392,719
5,127
11,709
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 fair value
245,605
7,302
16,609
Accumulated depreciation
-
-
(4,248)
Net book amount
245,605
7,302
12,361
(b) Property, plant and equipment
Non - Current Assets
Consolidated
Year ended 30 June 2016
Opening net book amount as at 1 July
245,605
7,302
12,361
Additions
-
95
818
Reversal of impairment expense
-
-
-
Borrowing costs capitalised
1,962
-
-
Additions into capital works in progress
189,061
-
-
Depreciation charge
-
-
(499)
Transfers out of capital work in progress
(183,770)
-
-
Written down value of assets disposed
-
-
-
Reversal of revaluation of assets
-
-
-
Closing net book amount
252,858
7,397
12,680
At 30 June 2016
Cost or valuation
252,858
7,397
17,427
Accumulated depreciation
-
-
(4,747)
Net book amount
252,858
7,397
12,680
66