Reserve Bank of Australia Annual Report – 1998 Financial Statements Note 6
Note 6 – Bank premises and other durable assets (Note 1(e))
| 1997 $'000 | 1998 $'000 | |
|---|---|---|
| Premises | ||
| Opening balance | 232,669 | 238,920 |
| Net expenditure in year | (129) | 198 |
| Disposals | – | (6,856) |
| 232,540 | 232,262 | |
| Depreciation prior to revaluation | (7,091) | (7,145) |
| Book valuation prior to revaluation | 225,449 | 225,117 |
| Net revaluation adjustments (Note 3) | 13,471 | 18,587 |
| As at 30 June | 238,920 | 243,704 |
| The triennial revaluation of Bank premises occurred at 30 June 1998. | ||
| Other durable assets | ||
| Opening balance | 95,350 | 97,838 |
| Additions less disposals | 2,488 | 5,176 |
| 97,838 | 103,014 | |
| Accumulated depreciation | (68,547) | (72,925) |
| As at 30 June | 29,291 | 30,089 |