Axiom Mining 2015 Annual Report

GROUP FINANCIAL REPORT

Notes to the financial statements for the year ended 30 September 2015

56

10. Property, plant and equipment

Leasehold Land 1 $000

Leasehold improvements $000

Plant & Equipment $000

Total $000

At 1 October 2013 Cost

1,502

190

990

2,682

Accumulated depreciation and amortisation

(108)

(148)

(367)

(623)

1,394

42

623

2,059

Cost At 1 October 2013

1,659

179

793 195

2,631

Additions Disposals

– –

– –

195

(2)

(2)

Exchange realignment At 30 September 2014

(157)

11

4

(142)

1,502

190

990

2,682

Accumulated depreciation and amortisation At 1 October 2013

(85)

(135)

(212)

(432)

Disposals

–

–

–

–

Depreciation and amortisation charged

(23)

(4) (9)

(179)

(206)

Exchange realignment At 30 September 2014

–

24

15

(108)

(148)

(367)

(623)

Net carrying amount at 30 September 2014

1,394

42

623

2,059

AXIOM MINING LIMITED ANNUAL REPORT 2015 Additions Disposals

Cost At 1 October 2014

1,502

190

990 187

2,682

– – –

– –

187

–

–

Exchange realignment At 30 September 2015

26

133

159

1,502

216

1,310

3,028

Accumulated depreciation and amortisation At 1 October 2014

(108)

(148)

(367)

(623)

Disposals

–

–

–

–

Depreciation and amortisation charged

(38)

(44) (24)

(244)

(326)

Exchange realignment At 30 September 2015

8

(52)

(68)

(138)

(216)

(663)

(1,017)

Net carrying amount at 30 September 2015

1,364

–

647

2,011

At 30 September 2015 Cost

1,502

216

1,310

3,028

Accumulated depreciation and amortisation Net carrying amount at 30 September 2015

(138)

(216)

(663)

(1,017)

1,364

–

647

2,011

1 Leasehold land includes a long term lease over land on Santa Isabel Island in Solomon Islands (refer Note 14).