2004-05 Annual Report - Australia Post
2004-05 Annual Report - Australia Post
2004-05 Annual Report - Australia Post
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<strong>Australia</strong> <strong>Post</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2004</strong>/<strong>05</strong> Financial and Statutory <strong>Report</strong>s<br />
Notes to and forming part of the financial statements<br />
| 78 |<br />
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 30 JUNE 20<strong>05</strong><br />
20<strong>05</strong><br />
$m<br />
Consolidated Corporation<br />
<strong>2004</strong><br />
$m<br />
12. NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT<br />
Land and buildings at fair value:<br />
Special-purpose properties (refer note1(k)(ii))<br />
At independent valuation – <strong>2004</strong> 0.0 608.2 0.0 608.2<br />
At independent valuation – 20<strong>05</strong> 636.7 0.0 636.7 0.0<br />
Under construction 23.5 11.3 23.5 11.3<br />
General-purpose properties (refer note1(k)(ii))<br />
20<strong>05</strong><br />
$m<br />
<strong>2004</strong><br />
$m<br />
660.2 619.5 660.2 619.5<br />
At independent valuation – <strong>2004</strong> 0.0 481.6 0.0 481.6<br />
At independent valuation – 20<strong>05</strong> 547.9 0.0 547.9 0.0<br />
Under construction 4.5 3.9 4.5 3.9<br />
552.4 485.5 552.4 485.5<br />
Leasehold improvements 47.2 41.3 46.5 41.3<br />
Total land and buildings 1,259.8 1,146.3 1,259.1 1,146.3<br />
Refer to note 31 for a reconciliation of the carrying amounts of property assets.<br />
Plant and equipment at fair value:<br />
Specialised plant and equipment (refer note1(k)(ii)) 350.2 370.9 350.2 370.9<br />
Non-specialised plant and equipment (refer note1(k)(ii)) 200.5 216.4 187.9 211.5<br />
Total plant and equipment 550.7 587.3 538.1 582.4<br />
Refer to note 31 for a reconciliation of the carrying amounts of plant and equipment assets.<br />
13. NON-CURRENT ASSETS – INTANGIBLES<br />
Computer software:<br />
At cost 462.2 434.9 460.5 433.4<br />
Accumulated amortisation (392.6) (364.8) (392.1) (364.6)<br />
Goodwill:<br />
69.6 70.1 68.4 68.8<br />
At cost 48.1 2.8 2.8 2.8<br />
Accumulated amortisation (1.8) (0.9) (1.3) (0.9)<br />
Customer contracts:<br />
46.3 1.9 1.5 1.9<br />
At cost 7.0 0.0 0.0 0.0<br />
Accumulated amortisation (0.3) 0.0 0.0 0.0<br />
6.7 0.0 0.0 0.0<br />
Intangibles at cost 517.3 437.7 463.3 436.2<br />
Accumulated amortisation (394.7) (365.7) (393.4) (365.5)<br />
Total intangibles 122.6 72.0 69.9 70.7<br />
Refer to note 31 for a reconciliation of the carrying amounts of intangible assets.<br />
14. NON-CURRENT ASSETS – TAX<br />
Future income tax benefit 106.5 94.6 106.5 94.6<br />
Total non-current tax assets 106.5 94.6 106.5 94.6<br />
No part of the future income tax benefit is attributable to previous tax losses and the realisation of the benefit is<br />
considered as being assured beyond any reasonable doubt.
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