CSL Ltd Annual Report 2020

CSL Limited Annual Report 2020 117 Plant and Equipment US$m Right of Use assets US$m Capital work in progress US$m Total US$m 2020 2019 2020 2019 2020 2019 2020 2019 3,302.9 3,040.0 1,347.2 – 2,852.5 2,221.0 8,784.3 6,403.2 (1,714.5) (1,584.5) (407.8) – – – (2,478.9) (1,918.9) 1,588.4 1,455.5 939.4 – 2,852.5 2,221.0 6,305.4 4,484.3 1,468.6 1,436.8 925.8 – 2,221.0 1,340.5 5,410.0 3,551.4 297.0 246.2 – – (474.4) (337.7) – – 63.2 12.3 85.3 – 1,124.6 1,232.3 1,273.1 1,250.4 (129.3) (89.9) – – (8.2) 1.8 (142.6) (97.2) – – – – (0.5) (1.0) (5.1) (1.0) (229.3) (220.6) (71.7) – – – (348.0) (273.2) 110.9 88.7 – – – – 113.2 96.5 7.3 (18.0) – – (10.0) (14.9) 4.7 (42.6) 1,588.4 1,455.5 939.4 – 2,852.5 2,221.0 6,305.4 4,484.3 Note 9: Deferred Government Grants 2020 US$m 2019 US$m Current deferred income 3.2 2.8 Non-current deferred income 40.1 34.6 Total deferred government grants 43.3 37.4 Government grants are recognised at their fair value where there is reasonable assurance that the grant will be received and the Group will comply with all attached conditions. Government grants relating to an expense item are deferred and recognised in the statement of comprehensive income over the period necessary to match themwith the expenses that they are intended to compensate. Government grants received for which there are no future related costs are recognised in the statement of comprehensive income immediately. Government grants relating to the purchase of property, plant and equipment are included in current and non-current liabilities as deferred income and are released to the statement of comprehensive income on a straight-line basis over the expected useful lives of the related assets.