Reserve Bank of Australia Annual Report – 2001 Financial Statements Note 7
Note 7 – Property, Plant and Equipment (Note 1(f))
| 2001 $M | 2000 $M | |
|---|---|---|
| Properties | ||
| Opening balance | 246 | 235 |
| Additions | – | 1 |
| Disposals | (13) | – |
| 233 | 236 | |
| Depreciation prior to revaluation | (7) | (7) |
| Book valuation prior to revaluation | 226 | 229 |
| Net revaluation adjustments (Note 4) | 11 | 17 |
| As at 30 June | 237 | 246 |
| The triennial independent revaluation of all Bank properties occurred at 30 June 2001. | ||
| Plant and equipment | ||
| Opening balance | 114 | 93 |
| Additions | 6 | 24 |
| Disposals | (2) | (3) |
| 118 | 114 | |
| Accumulated depreciation | (75) | (68) |
| As at 30 June | 43 | 46 |
| Total property, plant and equipment | 280 | 292 |