Reserve Bank of Australia Annual Report – 2012 Financial Statements Note 8 – Property, Plant and Equipment
| Land | Buildings | Plant and Equipment |
Total | |
|---|---|---|---|---|
| $M | $M | $M | $M | |
| Gross Book Value as at 30 June 2011 | 132 | 199 | 138 | 469 |
| Accumulated depreciation | – | – | (15) | (15) |
| Net Book Value | 132 | 199 | 123 | 454 |
| Additions | – | 5 | 13 | 18 |
| Depreciation expense | – | (7) | (18) | (25) |
| Net revaluation increment/(decrement) | – | 2 | – | 2 |
| Disposals | – | – | (1) | (1) |
| Net additions to net book value | – | – | (6) | (6) |
| Gross Book Value as at 30 June 2012 | 132 | 199 | 150 | 481 |
| Accumulated depreciation | – | – | (33) | (33) |
| Net Book Value | 132 | 199 | 117 | 448 |
The net book value of buildings as at 30 June 2012 includes expenditure of $4.0 million on work in progress which has been capitalised in the carrying amount of these assets ($1.0 million as at 30 June 2011). Additions include expenditure of $6.8 million on work in progress that was capitalised during 2011/12 ($8.4 million in 2010/11).
As at 30 June 2012, the RBA had contractual commitments of $6.7 million to acquire buildings, plant and equipment ($3.3 million at 30 June 2011); all of which are due within one year ($3.3 million in 2010/11).