Petra Diamonds Limited
Annual Report and Accounts 2013
114
14. Property, plant and equipment
Computers
Assets
Plant and Plant and and office
Motor
Mineral
under
machinery machinery equipment
vehicles properties construction
mining exploration exploration exploration
mining
mining
US$ million
assets
1
assets
assets
assets
assets
2
assets
3
Total
Cost
Balance at 1 July 2011
333.2
1.4
1.3
0.3 130.7 101.6 568.5
Exchange differences
(53.6)
(0.2)
(0.3)
(0.1)
(21.2)
(18.1)
(93.5)
Business combination
222.8
— — — — — 222.8
Additions
58.1
0.1
0.4
0.3
— 78.4
137.3
Transfer of assets under construction
44.2
— — — — (44.2)
Change in rehabilitation asset
1.5
— — — — — 1.5
Disposals
(5.8)
— —
— — — (5.8)
Balance at 30 June 2012
600.4
1.3
1.4
0.5 109.5 117.7 830.8
Balance at 1 July 2012
600.4
1.3
1.4
0.5 109.5 117.7 830.8
Exchange differences
(103.9)
(0.2)
(0.4)
(0.1)
(18.4)
(29.8)
(152.8)
Additions
58.0
1.8
0.1
— 131.3 191.2
Transfer of assets under construction
30.1
— — — — (30.1)
Change in rehabilitation asset
(8.3)
— — — — — (8.3)
Disposals
(0.8)
— — — — — (0.8)
Balance at 30 June 2013
575.5
1.1
2.8
0.5
91.1 189.1 860.1
Depreciation
Balance at 1 July 2011
55.4
0.1
0.6
0.1 10.9
67.1
Exchange differences
(10.9)
(0.1)
(1.8)
(12.8)
Disposals
(5.0)
— — — —
(5.0)
Provided in the year
39.8
0.2
0.1
0.9
— 41.0
Balance at 30 June 2012
79.3
0.1
0.7
0.2 10.0
90.3
Balance at 1 July 2012
79.3
0.1
0.7
0.2 10.0
90.3
Exchange differences
(18.6)
— (0.2)
(0.1)
(1.8)
— (20.7)
Disposals
(0.5)
— — — — — (0.5)
Impairment charge
9.2
— — — 3.4
— 12.6
Provided in the year
41.9
— 0.3
0.1
0.5
— 42.8
Balance at 30 June 2013
111.3
0.1
0.8
0.2
12.1
— 124.5
Net book value
At 30 June 2012
521.1
1.2
0.7
0.3 99.5 117.7 740.5
At 30 June 2013
464.2
1.0
2.0
0.3
79.0 189.1 735.6
1. The mining assets are secured against the loan facilities as set out in note 21.
2. Mineral properties are in respect of various mines within the Group and the useful life determinants are disclosed in note 1.4.
3. Assets under construction include expansion projects and stay in business capital expenditure of mining property, plant and equipment at the Finsch, Cullinan, Koffiefontein,
Kimberley Underground, and Williamson mines of US$125.2 million (30 June 2012: US$85.4 million).
The Group’s total commitments at year end were in respect of assets under construction and future capital expenditure projects
of US$87.2 million (30 June 2012: US$28.5 million). Borrowing costs of US$12.3 million (30 June 2012: US$6.3 million) have been
capitalised to assets under construction.
Notes to the Annual Financial Statements
For the year ended 30 June 2013 continued
1...,106,107,108,109,110,111,112,113,114,115 117,118,119,120,121,122,123,124,125,126,...142