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AXIOM MINING LIMITED
ANNUAL REPORT 2015
Notes to the
financial statements
for the year ended 30 September 2015
GROUP FINANCIAL REPORT
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
2,631
Additions
–
–
195
195
Disposals
–
–
(2)
(2)
Exchange realignment
(157)
11
4
(142)
At 30 September 2014
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)
(179)
(206)
Exchange realignment
–
(9)
24
15
At 30 September 2014
(108)
(148)
(367)
(623)
Net carrying amount at 30 September 2014
1,394
42
623
2,059
Cost
At 1 October 2014
1,502
190
990
2,682
Additions
–
–
187
187
Disposals
–
–
–
–
Exchange realignment
–
26
133
159
At 30 September 2015
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)
(244)
(326)
Exchange realignment
8
(24)
(52)
(68)
At 30 September 2015
(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
(138)
(216)
(663)
(1,017)
Net carrying amount at 30 September 2015
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).