Reserve Bank of Australia Annual Report – 2020 Financial Statements Note 8 – Property, Plant and Equipment
| Land and buildings $M |
Plant and equipment $M |
Leased assets $M |
Total $M |
|
|---|---|---|---|---|
| Gross Book Value as at 30 June 2019 | 540 | 321 | na | 861 |
| Accumulated depreciation | – | (164) | na | (164) |
| Net Book Value | 540 | 157 | na | 697 |
| Recognition of Leased Assets on initial application of AASB 16 | – | – | 13 | 13 |
| Net Book Value as at 1 July 2019 | 540 | 157 | 13 | 710 |
| Additions | 8 | 21 | 12 | 41 |
| Depreciation expense | (13) | (35) | (4) | (52) |
| Net gain/(loss) recognised in Other Comprehensive Income | 32 | – | – | 32 |
| Disposals | – | (2) | – | (2) |
| Net additions to net book value | 27 | (16) | 8 | 19 |
| Gross Book Value as at 30 June 2020 | 568 | 330 | 25 | 923 |
| Accumulated depreciation | (1) | (189) | (4) | (194) |
| Net Book Value | 567 | 141 | 21 | 729 |
The net book value of the RBA's property, plant and equipment includes $25.0 million of work in progress ($19.9 million at 30 June 2019). The carrying amount of leased assets at 30 June 2020 includes $11.9 million in property and $9.0 million in plant and equipment.
As at 30 June 2020, the RBA had contractual commitments of $24.5 million for acquisitions relating to its property, plant and equipment ($6.8 million at 30 June 2019), of which $18.6 million are due within one year ($4.1 million at 30 June 2019).