Reserve Bank of Australia Annual Report – 2006 Financial Statements Note 8
Note 8 PROPERTY, PLANT AND EQUIPMENT
| Land $M | Buildings $M | Plant and Equipment $M |
Total $M | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Book Value as at 30 June 2005 | 101 | 140 | 105 | 346 | |||||
| Accumulated depreciation | – | – | (39) | (39) | |||||
| Net Book Value | 101 | 140 | 66 | 307 | |||||
| Additions | – | 17 | 14 | 31 | |||||
| Depreciation expense | – | (7) | (15) | (22) | |||||
| Net revaluation increment/(decrement) | 8 | 5 | – | 13 | |||||
| Disposals | – | – | – | – | |||||
| Net additions to net book value | 8 | 15 | (1) | 22 | |||||
| Gross Book Value as at 30 June 2006 | 109 | 155 | 83 | 347 | |||||
| Accumulated depreciation | – | – | (18) | (18) | |||||
| Net Book Value | 109 | 155 | 65 | 329 |
The net book value of buildings as at 30 June 2006 includes expenditure of $13.4 million on work in progress which has been capitalised in the carrying amount of these assets ($2.2 million as at 30 June 2005). Additions include expenditure of $18.0 million on work in progress that was capitalised during 2005/06 ($2.6 million in 2004/05). As at 30 June 2006, the RBA had contractual commitments of $27.0 million to acquire buildings, plant and equipment ($0.5 million at 30 June 2005).