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Whitehaven Coal Limited : Annual Report 2009
78 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2009 19. PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Leased plant and machinery The consolidated entity leases mining equipment under a number of finance lease agreements. At 30 June 2009, the consolidated entity's net carrying amount of leased plant and machinery was $57,759,000 (2008: $45,693,000). The Company does not hold leased plant and machinery. The leased equipment is pledged as security for the related finance lease liabilities. Security The assets of the consolidated entity are subject to a fixed and floating charge to secure bank loans. 20. EXPLORATION AND EVALUATION Consolidated Company In thousands of AUD Cost Impairment losses Cost Impairment losses Balance at 1 July 2007 1,672 -- -- -- Exploration and evaluation expenditure 102 -- -- -- Balance at 30 June 2008 1,774 Balance at 1 July 2008 1,774 -- -- -- Exploration and evaluation expenditure 2,064 -- -- -- Balance at 30 June 2009 3,838 Exploration and evaluation assets The recoverability of the carrying amounts of exploration and evaluation assets is dependent on the successful development and commercial exploitation or sale of the respective area of interest.
Annual Report 2008
Annual Report 2010