Reserve Bank of Australia Annual Report – 2016 Financial Statements Note 8 – Property, Plant and Equipment
| Land and Buildings $M |
Plant and Equipment $M |
Total $M |
|
|---|---|---|---|
| Gross Book Value as at 30 June 2015 | 383 | 207 | 590 |
| Accumulated depreciation | (1) | (40) | (41) |
| Net Book Value | 382 | 167 | 549 |
| Additions | 46 | 46 | 92 |
| Depreciation expense | (9) | (25) | (34) |
| Net gain/(loss) recognised in Net Profit | 1 | – | 1 |
| Net gain/(loss) recognised in Other Comprehensive Income | 33 | – | 33 |
| Disposals | – | (1) | (1) |
| Net additions to net book value | 71 | 20 | 91 |
| Gross Book Value as at 30 June 2016 | 453 | 250 | 703 |
| Accumulated depreciation | – | (63) | (63) |
| Net Book Value | 453 | 187 | 640 |
The net book value of the RBA's property, plant and equipment includes $83.4 million of work in progress ($39.7 million at 30 June 2015).
As at 30 June 2016, the RBA had contractual commitments of $65.7 million for the acquisition or development of property, plant and equipment ($81.2 million at 30 June 2015); contractual commitments of $46.9 million are due within one year ($59.6 million at 30 June 2015). Included within these contractual commitments is an amount of $26.5 million which relates to the construction of the new National Banknote Site in Craigieburn ($55.0 million at 30 June 2015), which is due within one year.