REA Group Ltd Annual Report 2021

Notes to the Consolidated Financial Statements for the year ended 30 June 2021 REA Group Ltd | Annual Report 2021 23. Property, plant and equipment (continued) Plant and equipment $’000 Leasehold improvements $’000 Property 3 $’000 Total $’000 Year ended 30 June 2021 Opening net book amount 4,939 14,266 82,372 101,577 Additions 1 3,879 89 250 4,218 Other business combinations 2 914 602 2,374 3,890 Disposals (net of accumulated depreciation) – (11) (314) (325) Depreciation charge (4,135) (3,596) (9,641) (17,372) Transferred to assets held for sale (470) (609) (1,022) (2,101) Transfers 2,533 (2,533) – – Exchange differences (net) (118) (146) (254) (518) Closing net book amount 7,542 8,062 73,765 89,369 At 30 June 2021 Cost 26,430 26,292 92,979 145,701 Accumulated depreciation (18,888) (18,230) (19,214) (56,332) Net book amount 7,542 8,062 73,765 89,369 Year ended 30 June 2020 Opening net book amount 7,985 9,163 – 17,148 Additions 2,046 8,784 93,630 104,460 Disposals (net of accumulated depreciation) (589) (141) (2,191) (2,921) Depreciation charge (4,540) (3,567) (9,163) (17,270) Exchange differences (net) 37 27 96 160 Closing net book amount 4,939 14,266 82,372 101,577 At 30 June 2020 Cost 24,403 28,881 91,239 144,523 Accumulated depreciation (19,464) (14,615) (8,867) (42,946) Net book amount 4,939 14,266 82,372 101,577 1 Additions include $0.7 million in non-cash items relating to right of use assets, and $0.8 million in other plant and equipment. 2 Acquisitions of Mortgage Choice and Elara. 3 Property comprises of right of use assets, refer to Note 10 for further details. No items of plant and equipment have been impaired during the year ended 30 June 2021 (2020: nil). 116 Financial Statements