Reserve Bank of Australia Annual Report – 1992 Financial Statements Bank Premises and Other Durable Assets
Note 6 Bank Premises and Other Durable Assets
| 1990/91 $'000 |
1991/92 $'000 |
|
|---|---|---|
| Premises | ||
| 488,756 | Opening balance | 492,169 |
| 4,927 | Net expenditure in year | 2,462 |
| 493,683 | Total | 494,631 |
| – | Accumulated depreciation prior to revaluation | (25,316) |
| Book valuation prior to revaluation | 469,315 | |
| (1,514) | Net revaluation adjustments (including currency translation) | (158,234) |
| 492,169 | Total | 311,081 |
| (18,816) | Accumulated depreciation | – |
| 473,353 | As at 30 June | 311,081 |
As recorded in Note 1(d), the triennial revaluation of Bank premises took place in 1991/92. Amounts written off Bank premises in terms of section 78 of the Reserve Bank Act were $6.500 million ($6.466 million in 1990/91) and are included in the figure of accumulated depreciation prior to revaluation.
| 1990/91 $'000 |
Other Durable Assets | 1991/92 $'000 |
|---|---|---|
| 77,510 | Opening balance | 99,649 |
| 22,139 | Net expenditure in year | 3,495 |
| 99,649 | Total | 103,144 |
| (52,522) | Accumulated depreciation | (61,018) |
| 47,127 | As at 30 June | 42,126 |