Reserve Bank of Australia Annual Report – 1993 Financial Statements Bank Premises and Other Durable Assets
Note 6 Bank Premises and Other Durable Assets (Note 1(d))
| 1991/92 $'000 |
1992/93 $'000 |
|
|---|---|---|
| Premises | ||
| 492,169 | Opening balance | 311,081 |
| 2,462 | Net expenditure in year | 838 |
| 494,631 | 311,919 | |
| (25,316) | Accumulated depreciation prior to revaluation | (5,896) |
| 469,315 | Book valuation prior to revaluation | 306,023 |
| (158,234) | Net revaluation adjustments (including currency translation) | (41,275) |
| 311,081 | As at 30 June | 264,748 |
As recorded in Note 1 (d), the triennial revaluation of Bank premises took place in 1991/92; those valuations were updated as at 30 June 1993. Amounts written off Bank premises in terms of section 78 of the Reserve Bank Act (ie depreciation) were $5.896 million ($6.500 million in 1991/92) and are included in the figure of accumulated depreciation prior to revaluation.
| Other durable assets | ||
|---|---|---|
| 99,649 | Opening balance | 103,144 |
| 3,495 | Net expenditure in year | 3,707 |
| 103,144 | 106,851 | |
| (61,018 ) | Accumulated depreciation | (70,396) |
| 42,126 | As at 30 June | 36,455 |