2022 Annual Report

UNITY BANK LIMITED 2022 Financial Report UNITY BANK LIMITED 2022 Financial Report

ABN 11 087 650 315

ABN 11 087 650 315

14. PROPERTY, PLANT AND EQUIPMENT

2022 $'000

2021 $'000

Note

(a) Fixed Assets

Land - at fair value

14(c)

5,062

5,062

Buildings - at fair value Less: accumulated depreciation

14(c) 14(c)

7,636

7,297

468

56

7,168

7,241

Total Land and Buildings

12,230

12,303

Plant and Equipment - at cost Less: accumulated depreciation

5,457 4,622

5,285 4,208 1,077 2,783 2,577

835

Capitalised leasehold improvements - at cost

2,799 2,708

Less: accumulated depreciation

91

206

Total Property, Plant and Equipment

13,156

13,586

(b) Movements in the asset balances during the year were:

2022

Property

Plant &

Leasehold Total

Equipment Improvements

$'000

$'000

$'000

$'000

Opening Balance

12,303

1,077

206

13,586

Purchases

339

248

16

603

Transferred from Leasehold Improvements

- - - -

- - -

- - - -

- - -

Revaluation Increase

Less:

Assets Disposed Depreciation charges Revaluation decrease

16

16

412

474

131

1,017

-

-

-

-

Balance at the end of year

12,230

835

91

13,156

2021

Property

Plant &

Leasehold Total

Equipment Improvements

$'000

$'000

$'000

$'000

Opening Balance

13,370

1,097

586

15,053

Purchases

169

599

44

812

Transferred from Leasehold Improvements

28

- - -

(28)

- - -

Revaluation Increase

- - - -

- -

Less:

Assets Disposed Depreciation charges Revaluation decrease

122

186

308

-

-

-

365

497

210

1,073

Balance at the end of year

12,303

1,077

206

13,586

50

43

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