2011 Annual Report (3 April 2012) - Grange Resources

GRANGE RESOURCES LIMITED
72
Notes to the Financial Statements (cont.)
NOTE 16. PROPERTY, PLANT AND EQUIPMENT
Land and Plant and Computer
buildings equipment equipment Total
$’000 $’000 $’000 $’000
At 1 January 2011
Cost or fair value 48,535 227,401 1,886 277,822
Accumulated depreciation (13,325) (101,713) (1,090) (116,128)
Net book amount 35,210 125,688 796 161,694
Year ended 31 December 2011
Opening net book amount 35,210 125,688 796 161,694
Additions 5,194 26,886 115 32,195
Disposals - (6) - (6)
Depreciation charge (2,999) (21,115) (391) (24,505)
Closing net book amount 37,405 131,453 520 169,378
At 31 December 2011
Cost or fair value 53,729 254,281 2,001 310,011
Accumulated depreciation (16,324) (122,828) (1,481) (140,633)
Net book amount 37,405 131,453 520 169,378
Land and Plant and Computer
buildings equipment equipment Total
$’000 $’000 $’000 $’000
At 1 July 2010
Cost or fair value 45,339 211,196 1,425 257,960
Accumulated depreciation (11,956) (92,145) (845) (104,946)
Net book amount 33,383 119,051 580 153,014
Six month period ended 31 December 2010
Opening net book amount 33,383 119,051 580 153,014
Additions 3,681 16,232 460 20,373
Disposals (485) (27) - (512)
Depreciation charge (1,369) (9,568) (244) (11,181)
Closing net book amount 35,210 125,688 796 161,694
At 31 December 2010
Cost or fair value 48,535 227,401 1,886 277,822
Accumulated depreciation (13,325) (101,713) (1,090) (116,128)
Net book amount 35,210 125,688 796 161,694
(a) Assets under construction
The carrying amounts of the assets disclosed above includes expenditure of $14.2 million (31 December 2010: $3.4 million) recognised
in relation to property, plant and equipment which is in the course of construction.
Overview Review Of Operations Corporate Governance