SYDNEY PORTS CORPORATION ANNUAL REPORT 12

64
Sydney PortS CorPoration
noteS to the FinanCiaL StateMentS
note 9. ProPerty, Plant and eQUiPment (ContinUed)
(c) Carrying amounts if property, plant and equipment were measured at cost less accumulated depreciation
If property, plant and equipment were measured using the cost model, the carrying amounts would be as follows:
Sydney PortS CorPoration finanCial rePort 2011/12
CorPoration CorPoration
At cost
Land and buildings (gross carrying amount) 379,187 376,528
Accumulated depreciation (11,145) (9,997)
368,042 366,531
Roadways and bridges (gross carrying amount) 28,232 27,753
Accumulated depreciation (7,366) (6,626)
20,866 21,127
Wharves, jetties and breakwaters (gross carrying amount) 539,882 536,047
Accumulated depreciation (64,742) (57,465)
475,140 478,582
Plant (gross carrying amount) 88,731 77,236
Accumulated depreciation (30,150) (29,142)
58,581 48,094
Construction in progress 249,626 125,445
Total property, plant and equipment (at cost) 1,172,255 1,039,779
(d)(i) Movement in property, plant and equipment
land and roadwayS
wharveS,
JettieS and
BUildingS and BridgeS BreakwaterS Plant total
note
$000 $000 $000 $000 $000
Balance at 1 July 2011
Revaluation increments
recognised in other
786,377 28,955 652,102 48,079 1,515,513
comprehensive income
Revaluation increments
2(j)(v) (221) 1,351 48,574 – 49,704
recognised in profit or loss
Revaluation decrements
2(j)(v),3 2 – – – 2
recognised in profit or loss
Transfers from construction
2(j)(v),4 (68) – – – (68)
in progress
Transfers from Roads
1,795 477 3,836 16,855 22,963
and Maritime Services 25 1,035 – – – 1,035
788,920 30,783 704,512 64,934 1,589,149
Depreciation charge 4 (2,856) (1,862) (18,427) (5,880) (29,025)
Disposals (103) – – (487) (590)
Balance at 30 June 2012 785,961 28,921 686,085 58,567 1,559,534
2012
$000
2011
$000