Reserve Bank of Australia Annual Report – 2009 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 2008 | 132 | 246 | 85 | 463 | |||||
| Accumulated depreciation | – | – | (7) | (7) | |||||
| Net Book Value | 132 | 246 | 78 | 456 | |||||
| Additions | – | 3 | 32 | 35 | |||||
| Depreciation expense | – | (9) | (14) | (23) | |||||
| Net revaluation increment/(decrement) | (11) | (12) | – | (23) | |||||
| Disposals | – | – | (2) | (2) | |||||
| Net additions to net book value | (11) | (18) | 16 | (13) | |||||
| Gross Book Value as at 30 June 2009 | 121 | 229 | 114 | 464 | |||||
| Accumulated depreciation | – | (1) | (20) | (21) | |||||
| Net Book Value | 121 | 228 | 94 | 443 |
The net book value of buildings as at 30 June 2009 includes expenditure of $1.6 million on work in progress which has been capitalised in the carrying amount of these assets ($1.2 million as at 30 June 2008). Additions include expenditure of $19.2 million on work in progress that was capitalised during 2008/09 ($8.2 million in 2007/08). As at 30 June 2009, the RBA had contractual commitments of $30.3 million to acquire buildings, plant and equipment ($4.0 million at 30 June 2008).