2021 Annual Report

Notes to the consolidated financial statements 30 June 2021 (continued) Invested Capital This section of the notes provides further information about property, plant and equipment, leases, mine properties and exploration and evaluation expenditure and the carrying amount of these non-financial assets, including accounting policies, key judgements and estimates relevant to understanding these items. 13 Property, plant and equipment Land and buildings $'000 Mining plant and equipment $'000 Furniture, fittings and other equipment $'000 Motor vehicles $'000 Assets under construction $'000 Total $'000 Year ended 30 June 2021 Cost 6,692 22,353 18,881 2,908 7,966 58,800 Accumulated depreciation (4,054) (7,757) (10,427) (2,428) - (24,666) Net book amount 2,638 14,596 8,454 480 7,966 34,134 Movements Opening net book amount 9,901 19,235 6,505 753 12,186 48,580 Additions 1,091 4,738 985 457 7,708 14,979 Disposals - (33) (2) (4) - (39) Depreciation charge (3,150) (7,420) (2,312) (405) - (13,287) Transfers from assets under construction 572 7,341 3,764 251 (11,928) - Transfers from mine properties under construction 4,677 8,781 - - - 13,458 Disposal of joint venture (10,453) (18,046) (486) (572) - (29,557) Closing net book amount 2,638 14,596 8,454 480 7,966 34,134 Year ended 30 June 2020 Cost 26,916 36,209 16,960 4,896 12,186 97,167 Accumulated depreciation (17,015) (16,974) (10,455) (4,143) - (48,587) Net book amount 9,901 19,235 6,505 753 12,186 48,580 Movements Opening net book amount 10,706 15,681 5,104 805 9,326 41,622 Additions 1,409 7,033 2,108 334 6,170 17,054 Disposals - (73) (1) - - (74) Depreciation charge (2,681) (5,143) (1,812) (386) - (10,022) Transfers from assets under construction 467 1,737 1,106 - (3,310) - Closing net book amount 9,901 19,235 6,505 753 12,186 48,580 (a) Non-current assets pledged as security Refer to note 17 for information on non-current assets pledged as security by the Group. IGO Limited 27 Notes to The Consolidated Financial Statements 30 June 2021 IGO ANNUAL REPORT 2021 — 97