Company: ATHE
Filing Date: 2025-08-29
Form Type: 20-F
Source: 0001213900-25-082027
Chunk: 136

Company: ALTERITY THERAPEUTICS LTD
Filing Date: 2025-08-29
Form: 20-F
Item: Item 18
Chunk 136
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 credited or debited directly to equity, in which case the deferred tax is also recognised directly in equity, or where it arises from the initial accounting for a business combination, in which case it is taken into account in the determination of goodwill.   The Group has significant unused tax losses and as such a significant deferred tax asset; however, the deferred tax asset has not been recognised, as it is not probable that future taxable profit will be available against which the unused losses and unused tax credits can be utilized, given the nature of the Group’s business (research and development) and its history of losses.   (d) Property and Equipment
   Property and equipment is measured at historical cost less accumulated depreciation and impairment and consists of laboratory equipment, computer equipment, furniture and fittings and leasehold improvements attributable to the Group’s premises at Melbourne, Victoria, Australia and San Francisco, U.S.   Historical cost includes expenditure that is directly attributable to the acquisition of the item.   Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognised when replaced. All other repairs and maintenance are charged to the income statement during the reporting period in which they are incurred.

F-12

ALTERITY THERAPEUTICS LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – in Australian dollars (unless otherwise noted)

1. BACKGROUND AND SUMMARY OF MATERIAL ACCOUNTING POLICIES (continued)

(d) Property and Equipment (continued)

Depreciation
   Depreciation is provided on property and equipment. Depreciation is calculated on a straight-line method to allocate their cost, net of their residual values, over their estimated useful lives.   The following estimated useful lives, ranging from 3 to 20 years are used in the calculation of depreciation:   
 Class of Fixed Asset     Depreciation Rate 
--------------------------------------------
Furniture and fittings                 5-33%
Computer equipment                       33%
Plant and equipment                   10-33%
Leasehold improvements                   33%
 
Leasehold improvements are depreciated over the shorter of the lease term and useful life.   The depreciation method, residual values and useful lives are reviewed, and adjusted if appropriate, at each annual reporting period.   (e) Leases
   The accounting policies for the Group’s lease recognition