Little Ship Club 2015-2016 Annual Report

Page 19

Little Ship Club Queensland Squadron Notes to the Financial Statements For the year ended 30 June 2016

2016

2015

Note 4: Inventories Current Finished goods at cost

27,961 27,961

41,795 41,795

Note 5: Property, Plant and Equipment Freehold land: - At cost

1,050,000 1,050,000

1,050,000 1,050,000

Buildings: - At cost

1,341,700 (380,898) 960,802

1,341,700 (374,886) 966,815

- Less: Accumulated depreciation

Leasehold improvements: - At cost

246,932 (240,330)

246,932 (237,502)

- Less: Accumulated depreciation

9,431

6,602

Plant and equipment: - At cost

300,527 (269,224)

300,527 (256,512)

- Less: Accumulated depreciation

44,015

31,303

Leased plant and equipment: - At cost

384,349 (346,424)

384,349 (330,171)

- Less: Accumulated amortisation

54,178

37,925

Motor vehicles: - At cost

30,112

30,112

- Less: Accumulated depreciation

(28,115)

(27,449)

2,663

1,997

2,088,630

2,127,102

Little Ship Club (Queensland Squadron)

Annual Report 2015–2016

FS.19