Reserve Bank of Australia Annual Report – 1996 Financial Statements Bank Premises and Other Durable Assets
Note 6 Bank Premises and Other Durable Assets (Note 1(d))
| 1994/95 $'000 |
1995/96 $'000 |
|
|---|---|---|
| Premises | ||
| 261,045 | Opening balance | 234,652 |
| 33,043 | Net expenditure in year | 4,724 |
| 294,088 | 239,376 | |
| (6,902) | Accumulated depreciation prior to revaluation | (6,872) |
| 287,186 | Book valuation prior to revaluation | 232,504 |
| (52,534) | Net revaluation adjustments (Note 3) | 165 |
| 234,652 | As at 30 June | 232,669 |
| As recorded in Note 1(d), the last triennial revaluation of Bank premises occurred in 1994/95; those valuations were updated as at 30 June 1996. Amounts written off Bank premises in terms of section 78 of the Reserve Bank Act (ie depreciation) totalled $6.872 million ($6.902 million in 1994/95). | ||
| Other durable assets | ||
| 85,594 | Opening balance | 90,604 |
| 5,044 | Net expenditure in year | 4,747 |
| (34) | Fully depreciated and disposed of | (1) |
| 90,604 | 95,350 | |
| (63,960) | Accumulated depreciation | (69,320) |
| 26,644 | As at 30 June | 26,030 |