Reserve Bank of Australia Annual Report – 2018 Financial Statements Note 8 – Property, Plant and Equipment
| Land and Buildings $M |
Plant and Equipment $M |
Total $M |
|
|---|---|---|---|
| Gross Book Value as at 30 June 2017 | 552 | 296 | 848 |
| Accumulated depreciation | (1) | (106) | (107) |
| Net Book Value | 551 | 190 | 741 |
| Additions | 2 | 18 | 20 |
| Depreciation expense | (13) | (34) | (47) |
| Net gain/(loss) recognised in Other Comprehensive Income | 74 | – | 74 |
| Disposals | – | (1) | (1) |
| Transfer to held for sale assets | (108) | – | (108) |
| Net additions to net book value | (45) | (17) | (62) |
| Gross Book Value as at 30 June 2018 | 508 | 307 | 815 |
| Accumulated depreciation | (2) | (134) | (136) |
| Net Book Value | 506 | 173 | 679 |
The net book value of the RBA's property, plant and equipment includes $12.0 million of work in progress ($29.0 million at 30 June 2017).
As at 30 June 2018, the RBA had contractual commitments of $5.6 million for the acquisition or development of property, plant and equipment ($10.4 million at 30 June 2017), all of which are due within one year.