79 Westgold Resources Limited Annual Report 2022 2022 2021 Land and buildings At 1 July net of accumulated depreciation 17,372,278 17,911,488 Transfer from capital works in progress 2,076,537 1,344,375 Depreciation charge for the year (2,095,532) (1,883,585) At 30 June net of accumulated depreciation 17,353,283 17,372,278 Capital work in progress At 1 July 8,151,819 8,565,545 Additions 60,185,474 66,730,495 Transfer to mine properties (refer to Note 17) (898,122) (1,687,813) Transfer to mine capital development (refer to Note 17) (1,523,963) (1,158,434) Transfer to plant and equipment (46,224,414) (62,953,599) Transfer to property (2,076,537) (1,344,375) At 30 June 17,614,257 8,151,819 The carrying value of plant and equipment purchase under financing arrangements at 30 June 2022 is $34,874,588 (2021: $43,054,511). Assets under hire purchase contracts are pledged as security for the related interest bearing liabilities (refer to Notes 23 and 24). 17. MINE PROPERTIES AND DEVELOPMENT 2022 2021 Development areas Gross carrying amount at cost – – Net carrying amount – – Mine properties Gross carrying amount at cost 363,637,652 314,945,512 Accumulated amortisation and impairment (71,721,289) (42,821,170) Impairment write down (118,667,668) – Net carrying amount 173,248,695 272,124,342 Mine capital development Gross carrying amount at cost 492,782,758 394,338,003 Accumulated amortisation (357,761,405) (259,126,425) Impairment write down (44,466,491) – Net carrying amount 90,554,862 135,211,578 Total mine properties and development costs 263,803,557 407,335,920 Movement in mine properties and development Development areas At 1 July – – At 30 June – – 16. PROPERTY, PLANT & EQUIPMENT (CONTINUED)
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