annual report - Harvey Norman Company Reports & Announcements

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
12. Property, Plant and Equipment (Non-Current)
Summary
Land
Reconciliations
Reconciliations of the carrying amounts of property, plant and equipment are as follows:
Land (at fair value):
Opening balance 95,928 102,527
Additions - 4,217
Increase / (decrease) resulting from revaluation 5,923 (6,852)
Transfers from land under construction at cost 20,509 1,403
Net foreign currency differences arising from foreign operations (863) (5,367)
Closing balance
121,497
C O N S O L I D A T E D
2012 2011
$000 $000
- At fair value 121,497 95,928
- Properties under construction, at cost - 20,325
Total Land
Buildings
121,497
116,253
- At fair value 159,220 127,940
- Properties under construction, at cost - 13,572
Total buildings
Net land and buildings
Plant and equipment
159,220
280,717
141,512
257,765
- At cost 768,731 755,771
- Accumulated depreciation (514,724) (501,557)
Net plant and equipment, at cost
254,007
254,214
Lease make good asset
- At cost 3,713 2,723
- Accumulated depreciation (2,160) (2,223)
Net lease make good asset, at cost
Total plant and equipment
Total property, plant and equipment
1,553
255,560
500
254,714
- Land and buildings at cost and fair value 280,717 257,765
- Plant and equipment at cost 772,444 758,494
Total Property, plant and equipment
1,053,161
1,016,259
Accumulated depreciation and amortisation (516,884) (503,780)
Total written down amount 536,277 512,479
95,928
85