Axiom Mining 2015 Annual Report

COMPANY FINANCIAL REPORT

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

92

15. Property, plant and equipment

Leasehold improvements AU$000

Plant and equipment AU$000

Total AU$000

At 30 September 2014 Cost At 1 October 2013

5

228

233

Additions

–

8

8

At 30 September 2014

5

236

241

Accumulated depreciation At 1 October 2013

(1) (1) (2)

(33) (56) (89)

(34) (57) (91)

Depreciation

At 30 September 2014

Net carrying amount at 30 September 2014

3

147

150

At 30 September 2015 Cost At 1 October 2014

5

236

241

Additions

–

66

66

At 30 September 2015

5

302

307

Accumulated depreciation At 1 October 2014

AXIOM MINING LIMITED ANNUAL REPORT 2015

(2) (3) (5)

(89) (63)

(91)

Depreciation

(66)

At 30 September 2015

(152)

(157)

Net carrying amount at 30 September 2015

–

150

150

16. Trade and other payables

2015 AU$000

2014 AU$000

732

420 333 753

Trade payables

Other payables and accruals

1,035 1,767

The other payables are expected to be settled or recognised as an expense within one year or repayable on demand. The trade payables are non-interest bearing and are normally settled on 45 day terms.