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 (cont)<br />
Movements in Carrying Amounts<br />
31 December <strong>2010</strong><br />
Freehold land<br />
$<br />
Buildings<br />
$<br />
Leasehold<br />
improvements<br />
$<br />
Plant and<br />
Equipment<br />
$<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 />
Capital works<br />
in progress<br />
$<br />
Computer<br />
s<strong>of</strong>tware<br />
$<br />
Balance at the<br />
beginning <strong>of</strong> year 500,000 907,500 11,632,920 807,689 – 14,955 13,863,064<br />
Additions – – 83,532 82,906 – – 166,438<br />
Transfers – – (142,939) 142,939 – – –<br />
Depreciation expense – (27,500) (319,798) (253,676) – (6,188) (607,162)<br />
Carrying amount at<br />
the end <strong>of</strong> year 500,000 880,000 11,253,715 779,858 – 8,767 13,422,340<br />
31 December 2009<br />
Note 8: Property plant and equipment<br />
Balance at the<br />
beginning <strong>of</strong> year 500,000 935,000 9,805,553 723,910 277,370 21,143 12,262,976<br />
Additions – – – 258,253 1,825,466 – 2,083,719<br />
Transfers – – 2,102,836 – (2,102,836) – –<br />
Depreciation expense – (27,500) (275,469) (174,474) – (6,188) (483,631)<br />
Carrying amount at<br />
the end <strong>of</strong> year 500,000 907,500 11,632,920 807,689 – 14,955 13,863,064<br />
Total<br />
$<br />
66
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