Page 23 - Directors' report and accounts 2019-20

20
Notes to and forming part of the Consolidated Financial Statements for the year ended 30 June 2020
B3 Property Plant and Equipment
All plant and equipment is is stated at at at historical cost cost including costs directly attributable to to to bringing the asset to to to the the location and condition necessary for it it to be capable of operating in in in the the manner intended by management less depreciation and any impairment Depreciation on on on plant and equipment is is is calculated on on on a a a a a a a a a a straight-line or diminishing balance basis over the estimated useful life or in in the the case of leasehold improvements and and certain leased plant and and equipment the the shorter of the lease term as as follows:
Class of Fixed Asset Plant and Equipment
Computer Equipment
Leasehold Improvement Leased Equipment
Depreciation Rate
5 - 33% 13 - 50% 20
- 50% 25%
Gains and and losses on disposals are calculated as the the the difference between the the the net disposal disposal proceeds and and the the the asset's carrying amount and are included in in in in profit or loss in in in in the the year that the the item is is derecognised