Reserve Bank of Australia Annual Report – 2019 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 2018 | 508 | 307 | 815 |
| Accumulated depreciation | (2) | (134) | (136) |
| Net Book Value | 506 | 173 | 679 |
| Additions | 5 | 20 | 25 |
| Depreciation expense | (12) | (35) | (47) |
| Net gain/(loss) recognised in Other Comprehensive Income | 41 | – | 41 |
| Disposals | – | (1) | (1) |
| Net additions to net book value | 34 | (16) | 18 |
| Gross Book Value as at 30 June 2019 | 540 | 321 | 861 |
| Accumulated depreciation | – | (164) | (164) |
| Net Book Value | 540 | 157 | 697 |
The net book value of the RBA's property, plant and equipment includes $19.9 million of work in progress ($12.0 million at 30 June 2018).
As at 30 June 2019, the RBA had contractual commitments of $6.8 million for the acquisition or development of property, plant and equipment ($5.6 million at 30 June 2018), of which $4.1 million are due within one year ($5.6 million at 30 June 2018).