Reserve Bank of Australia Annual Report – 1997 Financial Statements Note 6
Note 6 Bank premises and other durable assets (Note 1(e))
| Premises | ||
|---|---|---|
| Opening balance | 234,652 | 232,669 |
| Net expenditure in year | 4,724 | (129) |
| 239,376 | 232,540 | |
| Depreciation prior to revaluation | (6,872) | (7,091) |
| Book valuation prior to revaluation | 232,504 | 225,449 |
| Net revaluation adjustments (Note 3) | 165 | 13,471 |
| As at 30 June | 232,669 | 238,920 |
The last triennial revaluation of Bank premises was at 30 June 1995; those valuations were updated as at 30 June 1997. Amounts written off Bank premises in terms of section 78 of the Reserve Bank Act (ie depreciation) totalled $7.091 million ($6.872 million in 1995/96).
| Other durable assets | ||
|---|---|---|
| Opening balance | 90,604 | 95,350 |
| Additions less disposals at cost | 4,747 | 9,229 |
| Fully depreciated and disposed of | (1) | (6,741) |
| 95,350 | 97,838 | |
| Accumulated depreciation | (69,320) | (68,547) |
| As at 30 June | 26,030 | 29,291 |