YMAC Annual Report 2022

Notes to the Consolidated Financial Statements
as at 30 June 2022
NOTE 8 - NON FINANCIAL ASSETS (CONTINUED)
Note 8C Reconciliation of the opening and closing balances of property, plant and equipment
Item
Land &
Buildings
Plant &
Equipment
As at 1 July 2021 $ $ $
Gross value 2,967,913 2,581,171 5,549,084
Total
Accumulated depreciation
and impairment
(379,096) (1,689,833) (2,068,929)
Opening Net Book Value 2,588,817 891,338 3,480,155
Additions
By purchase 401,795 634,501 1,036,296
Depreciation/Amortisation expense (14,630) (603,435) (618,065)
Revaluation Decrement - Building 330,100 - 330,100
Revaluation Decrement - Land (295,000) - (295,000)
Disposals
Other Disposals - (4,916) (4,916)
As at 30 June 2022
Closing Net Book Value 3,011,082 917,488 3,928,570
Assets at valuation
Item
Land &
Buildings
Plant &
Equipment
As at 30 June 2022 $ $ $
Gross value 3,372,682 3,081,131 6,453,813
Accumulated depreciation/amortisation (361,600) (2,163,643) (2,525,243)
Closing Net Book Value 3,011,082 917,488 3,928,570
As at 1 July 2021
Gross value 2,967,913 2,581,171 5,549,084
Accumulated depreciation/amortisation (379,096) (1,689,833) (2,068,929)
Closing Net Book Value 2,588,817 891,338 3,480,155
Total
2022 2021
NOTE 8D OTHER NON-FINANCIAL ASSETS $ $
Prepayments 194,759 160,301
All other non-financial assets are current assets
68 | Yamatji Marlpa Aboriginal Corporation | Annual Report 2022