2000 Annual Report - Heron Resources Limited

5.0 Continued
Financial Statements
Economic Entity
Parent Entity
2000 1999 2000 1999
$ $ $ $
NOTE 8. PROPERTY PLANT
AND EQUIPMENT
Plant and equipment at cost 62,605 61,576 62,605 61,576
Accumulated depreciation (48,995) (31,480) (48,995) (31,480)
13,610 30,096 13,610 30,096
Office equipment & furniture at cost 24,251 22,925 24,251 22,925
Accumulated depreciation (14,625) (7,681) (14,625) (7,681)
9,626 15,244 9,626 15,244
Motor vehicles at cost 176,168 176,168 176,168 176,168
Accumulated depreciation (81,772) (55,373) (81,772) (55,373)
94,396 120,795 94,396 120,795
Total property, plant and equipment 117,632 166,135 117,632 166,135
NOTE 9. EXPLORATION AND EVALUATION
COSTS CARRIED FORWARD
Balance at beginning of year 7,681,825 11,072,712 7,681,825 11,072,712
Acquisition costs 350,286 381,215 350,286 381,215
Exploration and evaluation costs incurred 2,260,843 1,513,951 1,897,497 1,513,951
during the year
Exploration and evaluation costs of mining - (145,063) - (145,063)
tenements disposed of
Exploration and evaluation costs written off (29,354) (5,140,990) (29,354) (5,140,990)
Balance at end of year 10,263,600 7,681,825 9,900,254 7,681,825
The ultimate recoupment of costs carried forward is dependant upon the successful development and/or commercial
exploitation or alternatively, sale of respective areas of interest.
NOTE 10. ACCOUNTS PAYABLE
(CURRENT)
Trade creditors and accruals 172,323 14,614 172,323 14,614
NOTE 11. PROVISIONS (CURRENT)
Employee entitlements 77,769 64,469 77,769 64,469
page 52 Heron Resources NL Annual Report 2000