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ANNUAL REPORT 2020 | 33 7. PROPERTY, PLANT AND EQUIPMENT Cost Depreciation charge Accumulated depreciation Carrying amount Land and Buildings 2,467,766 (50,686) (816,988) 1,650,778 Motor Vehicles 128,944 (1,031) (128,944) - Office Equipment 180,280 (15,258) (128,641) 51,639 Computer Software Asset 74,872 (6,141) (6,141) 68,731 BALANCE AT 31 MARCH 2020 2,851,862 (73,116) (1,080,714) 1,771,148 Land and Buildings 2,467,766 (51,567) (766,303) 1,701,463 Motor Vehicles 161,541 (6,189) (160,510) 1,031 Office Equipment 142,758 (5,297) (114,710) 28,048 BALANCE AT 31 MARCH 2019 2,772,065 (63,053) (1,041,523) 1,730,542 Land and Buildings 2,467,766 (54,874) (714,735) 1,753,031 Motor Vehicles 161,541 (9,589) (154,321) 7,220 Office Equipment 122,424 (3,080) (109,413) 13,011 BALANCE AT 1 APRIL 2018 2,751,731 (67,543) (978,469) 1,773,262 Rates of useful lives are set out in the Significant accounting policies on Page 28. 8. INVESTMENTS AND TERM DEPOSITS Income 2020 Carrying Value 2020 Income 2019 Carrying amount 2019 Investments Held-to-maturity investments 600,137 12,901,952 869,182 11,983,945 Fair value through surplus or deficit investments (255,410) 13,829,627 593,555 7,066,112 BALANCE AT 31 MARCH 344,727 26,731,579 1,462,737 19,050,057 Term Deposits Held-to-maturity investments 1,480,986 47,106,574 1,611,550 44,855,887 BALANCE AT 31 MARCH 1,480,986 47,106,574 1,611,550 44,855,887 TOTAL INVESTMENTS AND TERM DEPOSITS 1,825,713 73,838,153 3,074,287 63,905,944 Income includes interest income, dividend income, gains on the disposal of available-for-sale financial assets, changes in the fair value of financial assets at fair value through surplus or deficit and foreign currency gains. Grants and sponsored research are generally approved for expenditure over a two to three year period. During the prior year certain significant grants and sponsored research were approved for expenditure over an extended 5 year period to support a more sustainable funding arranagement to the Neurological Foundation Human Brain Bank ($2,211,295) and Chair in Clinical Neurology Fellowship ($686,977). Grants provided to related parties are detailed in Note 15.