The Western Australian Opera Company Incorporated Financial Report for Year Ended 31 December 2020
Notes to the financial statements for the year ended 31 December 2020 8
PROPERTY, PLANT AND EQUIPMENT (cont)
Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year 2020
Balance at 1 January 2020
Right-ofuse Asset $ 70,747
Office Furniture & Equipment $ 48,563
-
2019
$ 216,808
22,521
-
3,885
26,406
(47,165)
(10,994)
(5,977)
(7,635)
(71,771)
-
(473)
-
-
(473)
23,582
59,617
69,348
18,423
170,970
-
Office Furniture & Equipment $ 40,953
Right-ofuse Asset
Additions
117,912
18,712
Depreciation
(47,165)
70,747
$ Balance at 1 January 2019
Carrying amount at 31 December 2019
Total
$ 22,173
Disposals Carrying amount at 31 December 2020
Production Equipment
$ 75,325
Additions Depreciation
Pianos
Pianos
$ 78,351
Production Equipment $
Total
2,105
$ 121,409
3,063
25,869
165,556
(11,102)
(6,089)
(5,801)
(70,157)
48,563
75,325
22,173
216,808
2020 $
2019 $
1,670,933 1,991,363 3,662,296
654,931 1,016,002 1,670,933
9 FINANCIAL ASSET AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
Movement in financial asset at fair value through other comprehensive income Value as at 1 January Revaluation/(Devaluation) increment Value as at 31 December
During the 2011 financial year the Association acquired an investment in listed shares of Fortescue Metals Group (FMG) by donation. The fair value of the shares is determined by reference to published price quotations on the ASX.
16
