Reserve Bank of Australia Annual Report – 2010 Financial Statements Note 8 – Property, Plant and Equipment

Land
$M
Buildings
$M
Plant and
Equipment $M
Total
$M
Gross Book Value as at 30 June 2009 121 229 114 464
Accumulated depreciation (1) (20) (21)
Net Book Value 121 228 94 443
Additions 8 46 54
Depreciation expense (9) (17) (26)
Net revaluation increment/(decrement) (4) (17) (21)
Disposals (1) (1)
Net additions to net book value (4) (18) 28 6
Gross Book Value as at 30 June 2010 117 210 158 485
Accumulated depreciation (36) (36)
Net Book Value 117 210 122 449

The net book value of buildings as at 30 June 2010 includes expenditure of $3.5 million on work in progress which has been capitalised in the carrying amount of these assets ($1.6 million as at 30 June 2009). Additions include expenditure of $11.4 million on work in progress that was capitalised during 2009/10 ($19.2 million in 2008/09).

As at 30 June 2010, the RBA had contractual commitments of $2.5 million to acquire buildings, plant and equipment ($30.3 million at 30 June 2009); contractual commitments of $2.5 million are due within 1 year ($2.5 million in 2008/09).