notes to and forming part of the financial statements  for the year ended 30 June 2004 (continued) RESOLUTE MINING LIMITED 2004 ANNUAL REPORT 48 Consolidated Resolute Mining Limited 2004 2003 2004 2003 Note $’000 $’000 $’000 $’000 NOTE 12 - MINERAL EXPLORATION AND DEVELOPMENT INTERESTS (continued) (c) Areas in Exploration and Evaluation (at cost) Balance at beginning of the year  8,974  5,379  -  -  - Acquired, disposed, revalued during the year 7,865  (2,071) -  -  - Expenditure for the year 4,843  7,142  4  439  - Amounts written off during the year (515) (1,614) (4) (439) - Foreign currency translation (12) (815) -  -  - Other (704) 953 - - Balance at the end of the year 20,451  8,974  -  -  Total costs carried forward 40,214  14,374  -  -  Ultimate recoupment of costs carried forward, in respect of  areas of interest in the exploration and evaluation phase, is dependent upon the successful development and commercial exploitation, or alternatively the sale of the respective areas at an amount at least equivalent to the carrying value. NOTE 13 - PROPERTY, PLANT AND EQUIPMENT Buildings - at cost 3,716  2,180  -  -  Accumulated depreciation (1,266) (962) -  -  13(a) 2,450 1,218 - - Mine properties, plant and equipment - at cost 105,994  39,840  -  -  Accumulated depreciation (17,049) (9,868) -  -  13(a) 88,945 29,972 - - Motor vehicles - at cost 1,833  1,325  -  -  Accumulated depreciation (1,156) (917) -  -  13(a) 677 408 - - Office equipment - at cost 1,006  784  -  -  Accumulated depreciation (331) (193) -  -  13(a) 675 591 - - Plant & equipment, vehicles, office equipment,  fixtures & fittings under lease - at capitalised cost -  47  -  -  Accumulated amortisation -  (28) -  -  13(a) - 19 - - Total property, plant & equipment Cost 112,549 44,176 - - Accumulated depreciation & amortisation (19,802) (11,968) -  -  Total written down amount 92,747  32,208  -  - 