Reserve Bank of Australia Annual Report – 1989 Financial Statements Note 6 Bank Premises and Other Durable Assets

Premises
As at 30 June 1988 245,373 117,993 363,366
Net expenditure in 1988/89 4,551 144 4,695
  249,924 118,137 368,061
Accumulated depreciation prior to revaluation 10,798 6,162 16,960
Book value prior to revaluation 239,126 111,975 351,101
Net revaluation adjustments (see Note 1(d))
— market prices 145,410 (14,905) 130,505
— currency translation (1,486)   (1,486)
  383,050 97,070 480,120
Accumulated depreciation 4,263 1,750 6,013
As at 30 June 1989 378,787 95,320 474,107

Amounts written off Bank premises in 1988/89 in terms of section 78 of the Reserve Bank Act were $6,014 million.

Other Durable Assets
As at 30 June 1988 22,997 39,549 62,546
Net expenditure in 1988/89 3,219 968 4,187
  26,216 40,517 66,733
Accumulated depreciation 19,128 22,242 41,370
As at 30 June 1989 7,088 18,275 25,363