Note 4: Non-financial assets
Reconciliation of the opening and closing balances of property, plant and equipment and software for 2020
Leasehold1 | Plant and equipment | Software | Total | |
$’000 | $’000 | $’000 | $’000 | |
As at 1 July 2019 | ||||
Gross book value | 578 | 296 | – | 874 |
Accumulated depreciation and amortisation | (283) | (137) | – | (420) |
Total as at 1 July 2019 | 295 | 159 | – | 454 |
Recognition of right of use asset on initial application of AASB 162 | 1,050 | – | – | 1,050 |
Adjusted total as at 1 July 2019 | 1,345 | 159 | – | 454 |
Additions by purchase | – | – | 22 | 22 |
Revaluations recognised in other comprehensive income | (40) | – | – | (40) |
Depreciation/amortisation expense | (99) | (70) | (7) | (176) |
Depreciation on right-of-use assets2 | (350) | – | – | (350) |
Total as at 30 June 2020 | 856 | 89 | 15 | 960 |
Total as at 30 June 2020 represented by | ||||
Gross book value | 1,206 | 296 | 22 | 1,524 |
Accumulated depreciation and amortisation | (350) | (207) | (7) | (564) |
Total as at 30 June 2019 | 856 | 89 | 15 | 960 |
Carrying amount of right of use assets2 | 700 | – | – | 700 |
1 Leasehold includes leasehold improvements and property lease ROU Assets.
2 The above lease disclosures should be read in conjunction with the accompanying notes 2B and 5B.
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