Reserve Bank of Australia Annual Report – 2019 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 2018 508 307 815
Accumulated depreciation (2) (134) (136)
Net Book Value 506 173 679
Additions 5 20 25
Depreciation expense (12) (35) (47)
Net gain/(loss) recognised in Other Comprehensive Income 41 41
Disposals (1) (1)
Net additions to net book value 34 (16) 18
Gross Book Value as at 30 June 2019 540 321 861
Accumulated depreciation (164) (164)
Net Book Value 540 157 697

The net book value of the RBA's property, plant and equipment includes $19.9 million of work in progress ($12.0 million at 30 June 2018).

As at 30 June 2019, the RBA had contractual commitments of $6.8 million for the acquisition or development of property, plant and equipment ($5.6 million at 30 June 2018), of which $4.1 million are due within one year ($5.6 million at 30 June 2018).