Reserve Bank of Australia Annual Report – 2010 Financial Statements Note 8 – Property, Plant and Equipment
| Land $M |
Buildings $M |
Plant and Equipment $M |
Total $M |
|
|---|---|---|---|---|
| Gross Book Value as at 30 June 2009 | 121 | 229 | 114 | 464 |
| Accumulated depreciation | – | (1) | (20) | (21) |
| Net Book Value | 121 | 228 | 94 | 443 |
| Additions | – | 8 | 46 | 54 |
| Depreciation expense | – | (9) | (17) | (26) |
| Net revaluation increment/(decrement) | (4) | (17) | – | (21) |
| Disposals | – | – | (1) | (1) |
| Net additions to net book value | (4) | (18) | 28 | 6 |
| Gross Book Value as at 30 June 2010 | 117 | 210 | 158 | 485 |
| Accumulated depreciation | – | – | (36) | (36) |
| Net Book Value | 117 | 210 | 122 | 449 |
The net book value of buildings as at 30 June 2010 includes expenditure of $3.5 million on work in progress which has been capitalised in the carrying amount of these assets ($1.6 million as at 30 June 2009). Additions include expenditure of $11.4 million on work in progress that was capitalised during 2009/10 ($19.2 million in 2008/09).
As at 30 June 2010, the RBA had contractual commitments of $2.5 million to acquire buildings, plant and equipment ($30.3 million at 30 June 2009); contractual commitments of $2.5 million are due within 1 year ($2.5 million in 2008/09).