Reserve Bank of Australia Annual Report – 2011 Financial Statements Note 8 – Property, Plant and Equipment
| Land | Buildings | Plant and Equipment | Total | |
|---|---|---|---|---|
| $M | $M | $M | $M | |
| Gross Book Value as at 30 June 2010 | 117 | 210 | 158 | 485 |
| Accumulated depreciation | – | – | (36) | (36) |
| Net Book Value | 117 | 210 | 122 | 449 |
| Additions | – | 8 | 18 | 26 |
| Depreciation expense | – | (8) | (18) | (26) |
| Net revaluation increment/(decrement) | 15 | (11) | 2 | 6 |
| Disposals | – | – | (1) | (1) |
| Net additions to net book value | 15 | (11) | 1 | 5 |
| Gross Book Value as at 30 June 2011 | 132 | 199 | 138 | 469 |
| Accumulated depreciation | – | – | (15) | (15) |
| Net Book Value | 132 | 199 | 123 | 454 |
The net book value of buildings as at 30 June 2011 includes expenditure of $1.0 million on work in progress which has been capitalised in the carrying amount of these assets ($3.5 million as at 30 June 2010). Additions include expenditure of $8.4 million on work in progress that was capitalised during 2010/11 ($11.4 million in 2009/10).
As at 30 June 2011, the RBA had contractual commitments of $3.3 million to acquire buildings, plant and equipment ($2.5 million at 30 June 2010); contractual commitments of $3.3 million are due within 1 year ($2.5 million in 2009/10).