Reserve Bank of Australia Annual Report – 2015 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 2014 | 129 | 232 | 182 | 543 |
| Accumulated depreciation | – | – | (20) | (20) |
| Net Book Value | 129 | 232 | 162 | 523 |
| Additions | – | 14 | 30 | 44 |
| Depreciation expense | – | (8) | (24) | (32) |
| Net revaluation increment/(decrement) | 1 | 14 | – | 15 |
| Disposals | – | – | (1) | (1) |
| Net additions to net book value | 1 | 20 | 5 | 26 |
| Gross Book Value as at 30 June 2015 | 130 | 253 | 207 | 590 |
| Accumulated depreciation | – | (1) | (40) | (41) |
| Net Book Value | 130 | 252 | 167 | 549 |
The net book value of the RBA's property, plant and equipment includes $39.7 million of work in progress ($27.5 million at 30 June 2014).
As at 30 June 2015, the RBA had contractual commitments of $81.2 million to acquire plant and equipment ($8.4 million at 30 June 2014); contractual commitments of $59.6 million are due within one year ($6.5 million at 30 June 2014). Included within these contractual commitments is an amount of $55.0 million which relates to the construction of the new National Banknote Site in Craigieburn ($40.3 million of which is due within one year).