Reserve Bank of Australia Annual Report – 2003 Financial Statements Note 8 – Property, Plant and Equipment
| Land | Buildings | Plant and equipment | Computer software | Total | |
|---|---|---|---|---|---|
| $M | $M | $M | $M | $M | |
| Gross Book Value as at 30 June 2002 | 86 | 141 | 119 | 5 | 351 |
| Accumulated depreciation | – | – | (71) | (3) | (74) |
| Net Book Value | 86 | 141 | 48 | 2 | 277 |
| Additions | – | 3 | 21 | 1 | 25 |
| Net Revaluation increment/decrement | 6 | 1 | – | – | 7 |
| Depreciation/amortisation expense | – | (7) | (8) | (1) | (16) |
| Disposals | (3) | (2) | (1) | – | (6) |
| Gross Book Value as at 30 June 2003 | 89 | 136 | 135 | 5 | 365 |
| Accumulated depreciation | – | – | (75) | (3) | (78) |
| Net Book Value | 89 | 136 | 60 | 2 | 287 |
The triennial independent revaluation of all RBA properties occurred at 30 June 2001 (Note 1 (f)). Valuations have been updated annually since then to reflect developments in Australian property markets in which the RBA's properties are located.