CCF Annual Report 2016/17 Financial Year | Page 50

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017 cont’d
2017 $
2016 $
PROPERTY, PLANT AND EQUIPMENT
Motor Vehicles
At cost 275,899 275,899
Accumulated depreciation (120,167) (92,504)
155,732 183,395
415,265 349,797
(285,054) (273,996)
130,211 75,801
55,385 55,385
(16,334) (13,039)
39,051 42,346
109,792 32,476
- -
109,792 32,476
1,523,900 -
- -
Total 1,523,900 -
Total property, plant and equipment 1,958,686 334,018
Total motor vehicles
Office Furniture & Equipment
At cost
Accumulated depreciation
Total office furniture & equipment
Software
At cost
Accumulated depreciation
Total software
CivFast system development
At cost
Accumulated depreciation
Total software development
Land and Buildings
At cost
Accumulated depreciation
Movements in carrying amount for each class of property, plant and equipment between the
beginning and the end of the current financial year.
Motor
Vehicles Office
Furniture &
Equipment Software CivFast Land and
Buildings TOTAL
178,728 86,022 50,023 - - 314,773
Additions 51,215 17,841 - 32,476 - 101,532
Disposals (12,750) (12,408) - - - (25,158)
Depreciation Expense (33,798) (15,654) (7,677) - - (57,129)
Carrying amount at 30 June
2016 183,395 75,801 42,346 32,476 - 334,018
Additions - 70,344 - 77,316 1,523,900 1,671,560
Disposals - (4,859) - - - (4,859)
Depreciation Expense (27,663) (11,075) (3,295) - - (42,033)
Carrying amount at 30 June
2017 155,732 130,211 39,051 109,792 1,523,900 1,958,686
Balance at 30 June 2015