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AXIOM MINING LIMITED
ANNUAL REPORT 2015
Notes to the
financial statements
for the year ended 30 September 2015
COMPANY FINANCIAL REPORT
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)
(33)
(34)
Depreciation
(1)
(56)
(57)
At 30 September 2014
(2)
(89)
(91)
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
(2)
(89)
(91)
Depreciation
(3)
(63)
(66)
At 30 September 2015
(5)
(152)
(157)
Net carrying amount at 30 September 2015
–
150
150
16. Trade and other payables
2015
AU$000
2014
AU$000
Trade payables
732
420
Other payables and accruals
1,035
333
1,767
753
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.