Notes to the Financial Statements
For the year ended 30 June 2004
23. Property, plant, equipment, vehicles and vessels
| |
COST/FAIR
VALUE
$'000 |
2004
ACCUM.
DEPR.
$'000 |
CARRYING
AMOUNT
$'000 |
COST/FAIR
VALUE
$'000 |
2003
ACCUM.
DEPR.
$'000 |
CARRYING
AMOUNT
$'000 |
 |
| At valuation: |
|
|
|
|
|
|
| Land |
47,304 |
- |
47,304 |
72,956 |
- |
72,956 |
| Pastoral leases |
19,665 |
- |
19,665 |
- |
- |
- |
| Crown land leases |
16,413 |
- |
16,413 |
- |
- |
- |
|
|
| |
83,382 |
- |
83,382 |
72,956 |
- |
72,956 |
|
|
| At cost: |
|
|
|
|
|
|
| Buildings |
14,905 |
4,483 |
10,422 |
17,725 |
4,665 |
13,060 |
| Refurbishments |
8,424 |
4,755 |
3,669 |
8,342 |
3,818 |
4,524 |
| Plant and equipment |
5,456 |
4,401 |
1,055 |
24,052 |
19,935 |
4,117 |
| Computer hardware and software |
17,823 |
15,016 |
2,807 |
19,737 |
15,695 |
4,042 |
| Furniture and fittings |
266 |
187 |
79 |
291 |
191 |
100 |
| Buses |
- |
- |
- |
227,807 |
66,983 |
160,824 |
| Vehicles |
280 |
217 |
63 |
316 |
231 |
85 |
| Vessels |
597 |
318 |
279 |
3,496 |
1,582 |
1,914 |
|
|
| |
47,751 |
29,377 |
18,374 |
301,766 |
113,100 |
188,666 |
|
|
| Total |
131,133 |
29,377 |
101,756 |
374,722 |
113,100 |
261,622 |
|
|
Land and leases are measured at fair value based on independent valuations provided by the Valuer General's Office at 1 July 2002. Fair value has been determined on the basis of current market value where an active market exists or current use value where no market exists and/or the current land use is specialised in nature. Revaluations are made with sufficient regularity to ensure the carrying value of land does not differ materially from its fair value at reporting date.
"Accum. depr." denotes accumulated depreciation.
Reconciliations
Reconciliations of the carrying amounts of property, plant, equipment, vehicles and vessels at the beginning and end of the current financial year are set out below.
| |
CARRYING
AMOUNT
AT START
OF YEAR
$'000 |
ADDTS. $'000 |
REVAL.
$'000 |
DISP. $'000 |
TRFRS. $'000 |
DEPR. $'000 |
CARRYING
AMOUNT
AT END
OF YEAR
$'000 |
|
| Land |
72,956 |
- |
- |
- |
(25,652) |
- |
47,304 |
| Pastoral leases |
- |
- |
- |
- |
19,665 |
- |
19,665 |
| Crown land leases |
- |
- |
- |
- |
16,413 |
- |
16,413 |
| Buildings |
13,060 |
- |
3,767 |
- |
(6,032) |
(373) |
10,422 |
| Refurbishments |
4,524 |
94 |
- |
- |
(11) |
(938) |
3,669 |
| Plant and equipment |
4,117 |
369 |
- |
(13) |
(3,090) |
(328) |
1,055 |
Computer hardware
and software |
4,042 |
656 |
- |
(12) |
(452) |
(1,427) |
2,807 |
| Furniture and fittings |
100 |
10 |
- |
(3) |
(13) |
(15) |
79 |
| Buses |
160,824 |
- |
6,144 |
- |
(166,968) |
- |
- |
| Vehicles |
85 |
- |
- |
(3) |
- |
(19) |
63 |
| Vessels |
1,914 |
29 |
196 |
(1) |
(1,807) |
(52) |
279 |
|
|
| |
261,622 |
1,158 |
10,107 |
(32) |
(167,947) |
(3,152) |
101,756 |
|
|
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