Reserve Bank of Australia Annual Report – 2002 Financial Statements Note 7
Note 7 – Property, Plant and Equipment (Note 1(f))
| 2002 $M | 2001 $M | |
|---|---|---|
| Properties | ||
| Opening balance | 237 | 246 |
| Additions | 5 | – |
| Disposals | (23) | (13) |
| 219 | 233 | |
| Depreciation prior to revaluation | (7) | (7) |
| Book valuation prior to revaluation | 212 | 226 |
| Net revaluation adjustments (Note 4) | 15 | 11 |
| As at 30 June | 227 | 237 |
| The triennial independent revaluation of all Bank properties occurred at 30 June 2001 (Note 1(f)). |
||
| Plant and equipment | ||
| Opening balance | 118 | 114 |
| Additions | 17 | 6 |
| Disposals | (11) | (2) |
| 124 | 118 | |
| Accumulated depreciation | (74) | (75) |
| As at 30 June | 50 | 43 |
| Total property, plant and equipment | 277 | 280 |