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Non-Financial Assets

2.2 Non-Financial Assets

2.2A: Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment and Intangibles

Buildings

Leasehold improvements

Plant and equipment

Computer software

Total

$’000

$’000

$’000

$’000

$’000

As at 1 July 2019

Gross book value

-

74

122

-

196

Accumulated depreciation, amortisation and impairment

-

(50)

(52)

-

(102)

Total as at 1 July 2019

-

24

70

-

94

Recognition of right of use asset on initial application of AASB 16

411

-

-

-

411

Adjusted total as at 1 July 2019

411

24

70

-

506

Additions

Purchase

-

-

45

-

45

Internally developed

-

-

-

106

106

Depreciation and amortisation

(274)

(16)

(31)

-

(322)

Total as at 30 June 2020

137

8

84

106

336

Total as at 30 June 2020 represented by

Gross book value

411

74

167

106

759

Accumulated depreciation, amortisation and impairment

(274)

(66)

(83)

-

(424)

Total as at 30 June 2020

137

8

84

106

336

There were no indicators of impairment found for property, plant and equipment.

Property, plant and equipment and intangibles are not expected to be sold or disposed of within the next 12 months.

Revaluations of non-financial assets

No revaluation performed as assets are less than 3 years old and internally assessed as still fit for purpose.