ALLUP SILICA LIMITED NOTES TO THE FINANCIAL STATEMENTS 50 FINANCIAL REPORT ALLUP SILICA Year Ending 30 June 2023 Note 9: Plant and Equipment 2023 2022 $ $ Current Office equipment 3,596 3,596 Accumulated depreciation (768) (239) 2,828 3,357 Computers 20,837 11,068 Accumulated depreciation (4,452) (496) 16,385 10,572 Total Plant and Equipment 19,213 13,929 Reconciliation of the written down values at the beginning and end of the current financial year are set out below: Office equipment Computers Total $ $ $ Balance at 1 July 2022 3,357 10,572 13,929 Additions - 9,769 9,769 Depreciation expense (529) (3,956) (4,485) Balance at 30 June 2023 2,828 16,385 19,213 During the year there have been no impairment charges against plant and equipment (2022: $NIL) The Company has $NIL capital commitments in relation to plant and equipment at 30 June 2023 (2022: $NIL) Note 10: Leases 2023 $ 2022 $ Right-of-use assets Buildings at Cost At 1 July - - Additions 160,461 - At 30 June 160,461 - Accumulated depreciation At 1 July - - Charge for the year (334) - At 30 June (334) - Carrying amount at 30 June 160,127 -
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