Nyrada Inc Annual Report 2020

NYRADA INC (ASX:NYR) 36 6. Plant and Equipment Consolidated 2020 2019 $ $ Plant and Equipment 7,822 4,823 Less accumulated depreciation (2,568) (1,083) Total plant and equipment 5,254 3,740 Movements in carrying amounts Movements in the carrying amounts for each class of: a) Plant and Equipment Balance at beginning of year 3,740 4,704 Additions 2,998 3,399 Disposals - (1,971) Loss on sale - (986) Depreciation expense (1,484) (1,406) Balance at end of year 5,254 3,740 7. Non-current assets – intangibles Consolidated 2020 2019 $ $ Intellectual Property 37,000 37,000 Intangibles relate to the fair value of the costs incurred for the intellectual property related to patent application PCSK9 recognised on the acquisition of Cardio Therapeutics Pty Ltd on 20 November 2017. 8. Current liabilities – trade and other payables Consolidated 2020 2019 $ $ Trade payables 209,639 152,283 Amount owing to related party 342,322 1,839,802 Accrued expenses 138,534 - Other payables 6,388 132,080 696,883 2,141,165