ANNUAL REPORT 2005 - MVCB - Murray Valley Citrus Board
ANNUAL REPORT 2005 - MVCB - Murray Valley Citrus Board
ANNUAL REPORT 2005 - MVCB - Murray Valley Citrus Board
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MURRAY VALLEY CITRUS BOARD<br />
NOTES TO AND FORMING PART OF THE ACCOUNTS<br />
FOR THE YEAR ENDED 30 JUNE <strong>2005</strong><br />
<strong>2005</strong> 2004<br />
$ $<br />
14. PLANT & EQUIPMENT<br />
Plant & Equipment - at cost 161,964 163,633<br />
less Accumulated Depreciation (103,514) (100,240)<br />
58,449 63,393<br />
Motor Vehicles - at cost 94,092 93,295<br />
less Accumulated Depreciation (20,488) (10,086)<br />
14(a) Reconciliation of Movement of Fixed Assets<br />
Plant &<br />
Equipment<br />
Balance at the beginning of the year 63,393<br />
Additions 18,634<br />
Disposals (3,350)<br />
73,604 83,209<br />
132,053 146,601<br />
Motor<br />
Vehicles<br />
83,209<br />
30,682<br />
Total<br />
146,601<br />
49,316<br />
(20,708) (24,058)<br />
Depreciation Expense (20,228) (19,579) (39,807)<br />
Carry amount at end of the year 58,449<br />
73,604<br />
132,053<br />
<strong>2005</strong> 2004<br />
$ $<br />
14(b) Net Profit from disposal of asset<br />
Proceeds from disposal 24,580 52,117<br />
Less: Written Down Value of Assets sold (24,058) (50,069)<br />
Net Profit from Disposal of Assets 522 2,048<br />
14(c) Depreciation<br />
Property, Plant & Equipment 20,228<br />
Motor Vehicles 19,579<br />
Total Depreciation 39,807<br />
13,146<br />
19,963<br />
33,108<br />
Page 38
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