Reserve Bank of Australia Annual Report – 1999 Financial Statements Note 7

Note 7 – Property, Plant and Equipment (Note 1(f))

1999 $M 1998 $M
Properties
Opening balance 244 239
Disposals (2) (7)
242 232
Depreciation prior to revaluation (7) (7)
Book valuation prior to revaluation 235 225
Net revaluation adjustments (Note 4) – 19
As at 30 June 235 244
The triennial revaluation of Bank properties
occurred at 30 June 1998.		    
Plant and equipment
Opening balance 103 98
Additions less disposals (10) 5
93 103
Accumulated depreciation (63) (73)
As at 30 June 30 30
Total property, plant and equipment 265 274