Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 134

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 134
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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.

Note 15. Non-current assets - right-of-use assets

                                         Consolidated                                              
                                         As of                          As of                      
                                         December 31,                   December 31,               
                                         2024                           2023                       
                                         $                              $                          
  Land and buildings - right-of-use                        188,570                        379,523  
  Motor vehicles - right-of-use                             44,298                         80,777  
                                                           232,868                        460,300  

Additions
to the right-of-use assets during the financial year were $nil 451,732

The
Company leases land and buildings for its offices in Israel under agreements for 5

F-23

  Mobilicom Limited                               
  Notes to the consolidated financial statements  
  December 31, 2024                               
 ──────────────────────────────────────────────────

Note 15. Non-current assets - right-of-use assets (continued)

Reconciliations

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

                                    Land and                      Motor                                 
                                    Buildings                     Vehicle                               
  Consolidated                      $                             $                                     
 ────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance at January 1, 2023                         172,881                    117,157        290,038  
  Additions                                          356,444                     95,288        451,732  
  Early return of leased cars                              -                   ( 69,027       (