Reserve Bank of Australia Annual Report – 2014 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 2013 | 130 | 219 | 190 | 539 |
| Accumulated depreciation | – | – | (48) | (48) |
| Net Book Value | 130 | 219 | 142 | 491 |
| Additions | – | 13 | 41 | 54 |
| Depreciation expense | – | (9) | (21) | (30) |
| Net revaluation increment/(decrement) | 2 | 9 | 1 | 12 |
| Disposals | (3) | – | (1) | (4) |
| Net additions to net book value | (1) | 13 | 20 | 32 |
| Gross Book Value as at 30 June 2014 | 129 | 232 | 182 | 543 |
| Accumulated depreciation | – | – | (20) | (20) |
| Net Book Value | 129 | 232 | 162 | 523 |
The net book value of the RBA's property, plant and equipment includes $27.5 million of work in progress ($45.4 million at 30 June 2013).
As at 30 June 2014, the RBA had contractual commitments of $8.4 million to acquire plant and equipment ($12.0 million at 30 June 2013); contractual commitments of $6.5 million are due within one year ($7.6 million in 2012/13).