14 Property, Plant and Equipment
$000
Infrast- ructure
Motor Vehicles
Work in Progress
Land Buildings
Plant
Total
Cost/Valuation Opening Balance 31/01/2023
4,265
73,585
5,874
516
3,977
8,360 8,894
96,577
Additions
-
-
-
- - -
-
8,894
Reclassification from Capital WIP
6
374
1
413
(794)
-
Disposals
-
(262)
-
(37)
-
(299)
Opening Balance 31/01/2024
4,271
73,697
5,875
516 143
4,353 1,119 2,674
16,460
105,172
Additions
567
1,575
7
72
3,483
Reclassification from Capital WIP
55
13,723
- -
- -
(16,452)
-
Disposals
-
-
(428)
-
(428)
Closing Balance 31/01/2025
4,893
88,995
5,882
659
7,718
80
108,227
$000
Infrast- ructure
Motor Vehicles
Work in Progress
Land Buildings
Plant
Total
Accumulated Depreciation Opening Balance 31/01/2023
- - - - - - -
(16,778) (1,113) (17,745) (1,278) 147
(618) (101) (720) (101) -
(440)
(2,193)
- - - -
(20,029) (1,701) (21,552) (2,154) 178
Depreciation
(15)
(472)
Reversed on disposal
-
31
Opening Balance 31/01/2024 Current year depreciation
(456)
(2,631)
(28)
(747)
Reversed on disposal
-
-
-
425
425
Closing Balance 31/01/2025
(19,023)
(821)
(484)
(2,953)
-
(23,281)
Book Value Opening Balance 31/01/2024 Closing Balance 31/01/2025
4,271 4,893
55,952 69,972
5,155 5,061
60
1,722 4,765
16,460
83,620 84,946
175
80
2025
2024
15 Capital Work in Progress
$000
$000
Upper West sports complex
- - -
16,116
Upper West playing surface restoration
55 31
Upper West pool heating Other work in progress Total capital work in progress
80 80
258
16,460
Reconciliation of the carrying value of Capital Work in Progress at the beginning and end of the period: Opening Balance
16,460
8,360 8,894
Additions Capitalised
72
(16,452)
(794)
Total capital work in progress
80
16,460
The Hickman Gymnasium / Upper West Sports Complex received its certificate of public use on 2 May 2024 and has been capitalised into buildings and plant asset classes on this date. The Code of Compliance was issued by the Christchurch City Council in July 2024. Minor capital purchases totally $287k were capitalised in the period (2024: $789k).
2025
2024
16 Loans
$000
$000
Current Interest-bearing loans and borrowings ANZ Flexi facility Insurance premium and motor vehicle funding loans (i) Total current interest-bearing loans and borrowings
1,351
-
866
839 839
2,217
Non current Interest-bearing loans and borrowings Secured bank term loan
15,000
15,000
Financing Loan
69
-
(ii) Total non current interest-bearing loans and borrowings
15,069
15,000
The entity has a $15m bank term loan facility secured against residential and commerical real estate, fully drawn (2024 - $15m, fully drawn)
31
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