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).