Reserve Bank of Australia Annual Report – 1985 Financial Statements Bank Premises and Other Durable Assets

Note 6 Bank Premises and Other Durable Assets

Premises
As at 30 June 1984 (net written down value) 80,712 65,132 145,844
Net Expenditure in 1984/85 2,545 493 3,038
Revaluation increment 142,046 30,528 172,574
  225,303 96,153 321,456
Amount written off with Treasurer's
approval in terms of S78 of the Reserve Bank Act		 4,116 1,633 5,749
As at 30 June 1985 221,187 94,520 315,707
Other Durable Assets
As at 30 June 1984 (net written down value) 5,799 18,272 24,071
Adjustments to gross basis 4,953 8,023 12,976
  10,752 26,295 37,047
Net expenditure in 1984/85 6,205 2,012 8,217
  16,957 28,307 45,264
Accumulated depreciation 8,171 10,404 18,575
As at 30 June 1985 8,786 17,903 26,689

The annual amounts written off Bank premises have the approval of the Treasurer in terms of Section 78 of the Reserve Bank Act. Following the revaluation of premises this year, the amount written off was $5.7 million which compares with $3.0 million in 1983/84. Under the previous valuation basis, the figure for 1984/85 would not have been materially different from that for 1983/84.