Heide Museum of Modern Art 2010 Annual Report
Heide Museum of Modern Art 2010 Annual Report
Heide Museum of Modern Art 2010 Annual Report
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14. Notes to the Financial Statements<br />
Note 8: Property plant and equipment<br />
NOTE 8: PROPERTY PLANT AND EQUIPMENT<br />
Land And Buildings<br />
<strong>Heide</strong> <strong>Museum</strong> <strong>of</strong> <strong>Modern</strong> <strong>Art</strong><br />
<strong>2010</strong> <strong>Annual</strong> <strong>Report</strong><br />
<strong>2010</strong><br />
$<br />
2009<br />
$<br />
Freehold land at cost 500,000 500,000<br />
Buildings<br />
At cost 1,100,000 1,100,000<br />
Less accumulated depreciation (220,000) (192,500)<br />
Total buildings 880,000 907,500<br />
Plant And Equipment<br />
Plant and equipment<br />
At cost 1,501,087 1,698,118<br />
Less accumulated depreciation (721,229) (890,429)<br />
Total plant and equipment 779,858 807,689<br />
Computer s<strong>of</strong>tware<br />
At cost 30,941 30,941<br />
Less accumulated depreciation (22,174) (15,986)<br />
Total computer s<strong>of</strong>tware 8,767 14,955<br />
Leasehold improvements<br />
At cost 12,819,629 12,879,036<br />
Less accumulated amortisation (1,565,914) (1,246,116)<br />
Total leasehold improvements 11,253,715 11,632,920<br />
Total property, plant and equipment 13,422,340 13,863,064<br />
65
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