Reserve Bank of Australia Annual Report – 2013 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 2012 | 132 | 199 | 150 | 481 |
| Accumulated depreciation | – | – | (33) | (33) |
| Net Book Value | 132 | 199 | 117 | 448 |
| Additions | – | 5 | 45 | 50 |
| Depreciation expense | – | (8) | (19) | (27) |
| Net revaluation increment/(decrement) | (2) | 23 | – | 21 |
| Disposals | – | – | (1) | (1) |
| Net additions to net book value | (2) | 20 | 25 | 43 |
| Gross Book Value as at 30 June 2013 | 130 | 219 | 190 | 539 |
| Accumulated depreciation | – | – | (48) | (48) |
| Net Book Value | 130 | 219 | 142 | 491 |
The net book value of buildings as at 30 June 2013 includes expenditure of $3.9 million on work in progress which has been capitalised in the carrying amount of these assets ($4.0 million as at 30 June 2012). Additions include expenditure of $40.0 million on work in progress during 2012/13 ($6.8 million in 2011/12).
As at 30 June 2013, the RBA had contractual commitments of $12.0 million to acquire plant and equipment ($6.7 million at 30 June 2012); contractual commitments of $7.6 million are due within one year ($6.7 million in 2011/12).