Reserve Bank of Australia Annual Report – 1991 Financial Statements Bank Premises and Other Durable Assets
NOTE 6 BANK PREMISES AND OTHER DURABLE ASSETS
|
1989/90 $'000 |
1990/91 $'000 |
|
|---|---|---|
| Premises | ||
| 480,120 | Opening balance | 488,756 |
| 5,684 | Net expenditure in year | 4,927 |
| 485,804 | 493,683 | |
| Net revaluation adjustments | ||
| 2,952 | – Currency translation | (1,514) |
| 488,756 | 492,169 | |
| (12,362) | Accumulated depreciation | (18,816) |
| 476,394 | As at 30 June | 473,353 |
Amounts written off Bank premises in 1990/91 in terms of section 78 of the Reserve Bank Act were $6.466 million ($6.349 million in 1989/90).
| Other Durable Assets | ||
|---|---|---|
| 66,733 | Opening balance | 77,510 |
| 10,777 | Net expenditure in year | 22,139 |
| 77,510 | 99,649 | |
| (46,149) | Accumulated depreciation | (52,522) |
| 31,361 | As at 30 June | 47,127 |