Reserve Bank of Australia Annual Report – 1995 Financial Statements Bank Premises and Other Durable Assets
Note 6 Bank Premises and Other Durable Assets (Note 1(d))
| 1993/94 $'000 |
1994/95 $'000 |
|
|---|---|---|
| Premises | ||
| 264,748 | Opening balance | 261,045 |
| 29,546 | Net expenditure in year | 33,043 |
| 294,294 | 294,088 | |
| (6,083) | Accumulated depreciation prior to revaluation | (6,902) |
| 288,211 | Book valuation prior to revaluation | 287,186 |
| (27,166) | Net revaluation adjustments (Note 3) | (52,534) |
| 261,045 | As at 30 June | 234,652 |
|
As recorded in Note 1(d), the triennial revaluation of Bank premises occurred in 1994/95. Amounts written off Bank premises in terms of section 78 of the Reserve Bank Act (ie depreciation) totalled $6.902 million ($6.083 million in 1993/94). At 30 June 1995, outstanding contracts relating to major refurbishment of the Bank's buildings totalled $6.6 million. |
||
| Other durable assets | ||
| 106,851 | Opening balance | 85,594 |
| (3,178) | Net expenditure in year | 5,044 |
| (18,079) | Fully depreciated and disposed of | (34) |
| 85,594 | 90,604 | |
| (55,643) | Accumulated depreciation | (63,960) |
| 29,951 | As at 30 June | 26,644 |