Bank Premises and Other Durable Assets | Financial Statements | Reserve Bank of Australia Annual Report - 1986

Reserve Bank of Australia Annual Report – 1986 Financial Statements Bank Premises and Other Durable Assets

Note 6 Bank Premises and Other Durable Assets

Premises
	Central Banking Business $'000	Note Issue Department $'000	Rural Credits Department $'000	Total $'000
As at 30 June 1985 (net written down value)	221,187	94,520		315,707
Net Expenditure in 1985/86	1,789	(470)		1,319
Revaluation increment	13,587	22,830		36,417
	236,563	116,880		353,443
Amount written off with Treasurer's approval in terms of S78 of the Reserve Bank Act	3,500	2,000		5,500
As at 30 June 1986	233,063	114,880		347,943
Other Durable Assets
As at 30 June 1985	16,957	28,307		45,264
Net Expenditure in 1985/86	2,590	2,577		5,167
	19,547	30,884		50,431
Accumulated depreciation	11,425	13,363		24,788
As at 30 June 1986	8,122	17,521		25,643

The annual amounts written off Bank premises have the approval of the Treasurer in terms of Section 78 of the Reserve Bank Act. Net expenditure in 1985/86 includes the effects of sales of two properties. The gains realised on these sales are included in Other Income (Note 2).