Page 23 - NYAA FY2024

Docusign Envelope ID: F067D57E-6E60-4F26-8227-97F17DC4DBB9

NATIONAL YOUTH ACHIEVEMENT AWARD ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2024

8. Property, plant and equipment

Office Leasehold Office Furniture
space improvements equipment and fittings Total
$ $ $ $ $
Cost
At 1 January 2024 835,516 40,315 70,370 80,998 1,027,199
New Addition - - 514 - 514
At 31 December 2024 835,516 40,315 70,884 80,998 1,027,713

Accumulated depreciation
At 1 January 2024 647,434 40,315 56,232 80,998 824,979
Depreciation charge 141,060 - 7,175 - 148,235
At 31 December 2024 788,494 40,315 63,407 80,998 973,214

Net book value
At 31 December 2024 47,022 - 7,477 - 54,499

Cost
At 1 January 2023 835,516 40,315 56,643 80,998 1,013,472
New Addition - - 13,727 - 13,727
At 31 December 2023 835,516 40,315 70,370 80,998 1,027,199

Accumulated depreciation
At 1 January 2023 506,372 40,315 50,227 80,998 677,912
Depreciation charge 141,062 - 6,005 - 147,067
At 31 December 2023 647,434 40,315 56,232 80,998 824,979

Net book value
At 31 December 2023 188,082 - 14,138 - 202,220

9. Leases – The Association as a lessee

Nature of the Association's leasing activities

Property

The Association leases office space for the purposes of office operations.

(a) Carrying amounts

ROU assets classified within property, plant and equipment

2024 2023
$ $

Office space 47,022 188,082

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