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Note 3: Fair Value Measurements

Note 3: Fair Value Measurements

Fair value measurementat the end of the reporting period

2020

2019

$

$

Non-financial assets

Other property, plant and equipment

1,572,861

1,673,022

Total non-financial assets

1,572,861

1,673,022

Total fair value measurements of assets in the statement of financial position

1,572,861

1,673,022

In accordance with AASB 13 the fair value of property, plant and equipment (PPE) has been taken to be the market price of similar assets as determined by an independent valuer. The last revaluation was undertaken at June 2019.