v3.25.1
Property, plant and equipment
 6 Months Ended 12 Months Ended
Dec. 31, 2024
Jun. 30, 2024
Property Plant And Equipment    
Property, plant and equipment

5. Property, plant and equipment

 

  

Unaudited

31 December 2024

   30 June 2024 
   AUD$   AUD$ 
LAND AND BUILDINGS          
Freehold land          
At cost   312,377    312,377 
Total Land   312,377    312,377 
Buildings          
At cost   5,490,655    5,490,655 
Accumulated depreciation   (1,223,771)   (1,155,138)
Total buildings   4,266,884    4,335,517 
Total land and buildings   4,579,261    4,647,894 
PLANT AND EQUIPMENT          
Plant and equipment          
At cost   14,327,434    13,118,595 
Accumulated depreciation   (3,299,745)   (3,200,732)
Total plant and equipment   11,027,689    9,917,863 
Motor vehicles          
At cost   84,136    84,136 
Accumulated depreciation   (52,179)   (45,354)
Total motor vehicles   31,957    38,782 
Office equipment          
At cost   61,812    58,890 
Accumulated depreciation   (47,878)   (45,916)
Total office equipment   13,934    12,974 
Total plant and equipment   11,073,580    9,969,619 
Total property, plant and equipment   15,652,841    14,617,513 

 

 

(a) Movements in carrying amounts of property, plant and equipment

 

Movement in the carrying amounts for each class of property, plant and equipment for the six months ended 31 December 2024 and for the year ended 30 June 2024:

 

           Plant and   Motor   Office     
   Land   Buildings   Equipment   Vehicles   Equipment   Total 
   AUD$   AUD$   AUD$   AUD$   AUD$   AUD$ 
Six Months Ended 31 December 2024                              
Balance at 30 June 2024   312,377    4,335,517    9,917,863    38,782    12,974    14,617,513 
Additions   -    -    1,210,242    -    671    1,210,913 
Reclass   -    -    (1,403)   -    1,403    - 
Depreciation expense   -    (68,633)   (99,013)   (6,825)   (1,114)   (175,585)
Balance at 31 December 2024   312,377    4,266,884    11,027,689    31,957    13,934    15,652,841 

 

   Land   Buildings   Plant and Equipment   Motor Vehicles   Office Equipment   Total 
   AUD$   AUD$   AUD$   AUD$   AUD$   AUD$ 
Year ended 30 June 2024                              
Balance at 30 June 2023   312,377    4,472,783    5,743,013    -    14,419    10,542,592 
Additions   -    -    4,432,465    38,291    6,679    4,477,435 
Reclassification   -    -    (8,094)   9,840    (1,746)   - 
Depreciation expense   -    (137,266)   (249,521)   (9,349)   (6,378)   (402,514)
Balance at 30 June 2024   312,377    4,335,517    9,917,863    38,782    12,974    14,617,513 

 

8 Property, plant and equipment

 Schedule of Property Plant and Equipment

   2024   2023 
    AUD$    AUD$ 
    

 

 

 

 

Restated

 
LAND AND BUILDINGS          
Freehold land          
At cost   312,377    312,377 
Total Land   312,377    312,377 
Buildings          
At cost   5,490,655    5,490,655 
Accumulated depreciation   (1,155,138)   (1,017,872)
Total buildings   4,335,517    4,472,783 
Total land and buildings   4,647,894    4,785,160 
PLANT AND EQUIPMENT          
Plant and equipment          
At cost   13,118,595    8,731,976 
Accumulated depreciation   (3,200,732)   (2,988,963)
Total plant and equipment   9,917,863    5,743,013 
Motor vehicles          
At cost   84,136    45,845 
Accumulated depreciation   (45,354)   (45,845)
Total motor vehicles   38,782    - 
Office equipment          
At cost   58,890    52,211 
Accumulated depreciation   (45,916)   (37,792)
Total office equipment   12,974    14,419 
Total plant and equipment   9,969,619    5,757,432 
Total property, plant and equipment   14,617,513    10,542,592 

 

 

(a) Movements in carrying amounts of property, plant and equipment

 

Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year:

 

   Land   Buildings   Plant and Equipment   Motor Vehicles   Office Equipment   Total 
   AUD$   AUD$   AUD$   AUD$   AUD$   AUD$ 
Year ended 30 June 2024                              
Balance at the beginning of the year   312,377    4,472,783    5,743,013    -    14,419    10,542,592 
Additions   -    -    4,432,465    38,291    6,679    4,477,435 
Reclassification   -    -    (8,094)   9,840    (1,746)   - 
Depreciation expense   -    (137,266)   (249,521)   (9,349)   (6,378)   (402,514)
Balance at the end of the year   312,377    4,335,517    9,917,863    38,782    12,974    14,617,513 

 

           Plant and   Motor   Office     
   Land   Buildings   Equipment   Vehicles   Equipment   Total 
   AUD$   AUD$   AUD$   AUD$   AUD$   AUD$ 
Year ended 30 June 2023                              
Balance at the beginning of the year, (Restated)   312,377    4,843,125    2,719,144    8,431    19,371    7,902,448 
Additions   -    -    3,109,422    -    6,569    3,115,991 
Reclassification   -    (233,076)   228,086    5,359    (369)   - 
Depreciation expense   -    (137,266)   (313,639)   (13,790)   (11,152)   (475,847)
Balance at the end of the year   312,377    4,472,783    5,743,013    -    14,419    10,542,592