Non-Current Assets - Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2024

Non-Current Assets - Property, Plant and Equipment, Net [Abstract]

Non-current assets - property, plant and equipment, net

Note 14. Non-current assets - property, plant and equipment, net

	Consolidated
	As of			As of
	December 31,			December 31,
	2024			2023
	$			$
Computer equipment - at cost		213,397			191,974
Less: Accumulated depreciation		(185,724	)		(171,530	)
		27,673			20,444
Office furniture & equipment - at cost		89,175			87,440
Less: Accumulated depreciation		(40,910	)		(34,424	)
		48,265			53,016
Machinery & equipment - at cost		59,582			58,367
Less: Accumulated depreciation		(54,100	)		(51,280	)
		5,482			7,087
		81,420			80,547

Reconciliations

Reconciliations of the values at the beginning and end of the current and previous financial year are set out below:

	Computer			Office furniture &			Machinery &
	equipment			equipment			equipment			Total
Consolidated	$			$			$			$
Balance at January 1, 2023		22,990			60,740			8,579			92,309
Additions		9,945			714			2,101			12,760
Depreciation expense		(11,693	)		(6,606	)		(3,242	)		(21,541	)
Translation adjustments		(798	)		(1,832	)		(351	)		(2,981	)
Balance at December 31, 2023		20,444			53,016			7,087			80,547
Additions		22,966			2,343			1,617			26,926
Depreciation expense		(15,295	)		(6,657	)		(3,141	)		(25,093	)
Translation adjustments		(442	)		(437	)		(81	)		(960	)
Balance at December 31, 2024		27,673			48,265			5,482			81,420

Accounting policy for property, plant and equipment

Plant and equipment are stated at historical cost less accumulated depreciation and impairment. Historical cost includes expenditure that is directly attributable to the acquisition of the items.

Depreciation is calculated on a straight-line basis to write off the net cost of each item of property, plant and equipment (excluding land) over their expected useful lives as follows:

Computer equipment	3 years
Machinery and equipment	6-7 years
Office furniture and equipment	10-14 years

The residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each reporting date.

An item of property, plant and equipment is derecognised upon disposal or when there is no future economic benefit to the Company. Gains and losses between the carrying amount and the disposal proceeds are taken to profit or loss.