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Construction
in progress
Freehold
land
Consolidated
$’000
$’000
At 1 July 2015
Cost or fair value
245,605
7,302
Accumulated depreciation
-
-
Net book amount
245,605
7,302
Year ended 30 June 2016
Opening net book amount
245,605
7,302
Additions
-
95
Reversal of impairment expense
-
-
Borrowing costs capitalised
1,962
-
Additions into capital works in progress
189,061
-
Depreciation charge
-
-
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
At 30 June 2016
Cost or fair value
252,858
7,397
Accumulated depreciation
-
-
Net book amount
252,858
7,397
(c) Property, plant and equipment
Non - Current Assets
Consolidated
Year ended 30 June 2017
Opening net book amount
252,858
7,397
Additions
-
16,088
Transfers to properties held for sale
-
(2,776)
Impairment expense
-
(2,100)
Borrowing costs capitalised
3,326
-
Additions into capital works in progress
253,540
-
Depreciation charge
-
-
Transfers out of capital work in progress
(220,678)
-
Written down value of assets disposed
-
-
Revaluation of assets
-
-
Transfer to land usage rights
-
(2,175)
Closing net book amount
289,046
16,434
At 30 June 2017
Cost or valuation
289,046
16,434
Accumulated depreciation
-
-
Net book amount
289,046
16,434
84
NOTE 7
NON-FINANCIAL ASSETS AND LIABILITIES (CONTINUED)