Plant and Equipment, Net

9 Months Ended

Mar. 31, 2015

7.	Plant and Equipment, Net

Plant and equipment are recorded at cost less accumulated depreciation. Depreciation is provided commencing in the month following acquisition using the following annual rate and method:

Factory Buildings	5%	declining balance method
Office furniture and fixtures	20%	declining balance method
Consumables	50%	declining balance method
Computer equipment	30%	declining balance method
Plant and Machinery	15%	declining balance method
Tools	25%	declining balance method
Vehicles	20%	declining balance method
Moulds	30%	declining balance method
Mobile Equipment	20%	declining balance method

	March 31, 2015		June 30, 2014
		Accumulated		Accumulated
	Cost	Depreciation	Cost	Depreciation
	$	$	$	$

Factory Buildings	74,849	26,638	74,849	24,761
Office, furniture and fixtures	3,623	2,938	3,623	2,816
Consumables	64,197	64,013	64,197	63,900
Computer equipment	25,729	19,422	25,729	17,589
Plant and Machinery	1,514,511	1,137,399	1,514,511	1,089,594
Tools	11,498	9,205	11,498	8,677
Vehicles	48,280	39,844	76,928	59,747
Moulds	900	858	900	844
Mobile Equipment	73,927	62,874	73,927	60,925
	1,817,514	1,363,191	1,846,162	1,328,853

Net carrying amount		454,323		517,309
Depreciation charges		55,847		90,132

During the nine-months ended March 31, 2015, the Company recorded depreciation expense of $55,847. During the twelve months ended June 30, 2014, the Company recorded depreciation expense of $90,132.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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INFRASTRUCTURE MATERIALS CORP. 10-Q