2004-05 Annual Report - Australia Post

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
31. ANALYSIS OF PROPERTY, PLANT & EQUIPMENT AND INTANGIBLES
Consolidated Land
$m
Buildings
$m
Total
land &
buildings
$m
P&E
$m
Computer
software
$m
FOR THE YEAR ENDED 30 JUNE 2005
Other
intangibles
$m
Total
intangibles
$m
Reconciliation of the opening and closing balances of property, plant & equipment and intangibles
As at 30 June 2004
Gross book value 498.6 647.7 1,146.3 587.3 434.9 2.8 437.7 2,171.3
Accumulated
depreciation/
amortisation
Total
$m
0.0 0.0 0.0 0.0 (364.8) (0.9) (365.7) (365.7)
Net book value (1) 498.6 647.7 1,146.3 587.3 70.1 1.9 72.0 1,805.6
Additions by purchase 6.0 50.7 56.7 67.7 35.0 0.0 35.0 159.4
Additions through
acquisition of subsidiary
Net revaluation
increment/(decrement)
Depreciation/
amortisation expense
0.0 0.7 0.7 9.1 0.0 52.3 52.3 62.1
143.5 (21.9) 121.6 0.0 0.0 0.0 0.0 121.6
0.0 (45.4) (45.4) (103.1) (35.2) (1.2) (36.4) (184.9)
Disposals (16.7) (3.4) (20.1) (10.3) (0.3) 0.0 (0.3) (30.7)
As at 30 June 2005
Gross book value 631.4 628.4 1,259.8 550.7 462.2 55.1 517.3 2,327.8
Accumulated
depreciation/
amortisation
0.0 0.0 0.0 0.0 (392.6) (2.1) (394.7) (394.7)
Net book value (1) 631.4 628.4 1,259.8 550.7 69.6 53.0 122.6 1,933.1
From a fair value perspective, the group has followed the accounting policies set out in note 1.
The above table reflects the original cost and accumulated depreciation on these assets.
Property, plant & equipment and intangibles at fair value
As at 30 June 2005
Gross book value 631.4 628.4 1,259.8 550.7 0.0 0.0 0.0 1,810.5
Accumulated
depreciation/
amortisation
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Fair value 631.4 628.4 1,259.8 550.7 0.0 0.0 0.0 1,810.5
As at 30 June 2004
Gross book value 498.6 647.7 1,146.3 587.3 0.0 0.0 0.0 1,733.6
Accumulated
depreciation/
amortisation
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Fair value 498.6 647.7 1,146.3 587.3 0.0 0.0 0.0 1,733.6
Reconciliation of the opening and closing balances of plant and equipment assets held under finance lease at fair value
As at 30 June 2004 0.0 0.0 0.0 125.0 0.0 0.0 0.0 125.0
Acquisitions 0.0 0.0 0.0 3.3 0.0 0.0 0.0 3.3
Amortisation for the period 0.0 0.0 0.0 (12.7) 0.0 0.0 0.0 (12.7)
As at 30 June 2005 0.0 0.0 0.0 115.6 0.0 0.0 0.0 115.6
Property, plant & equipment and intangibles under construction
Gross value at
30 June 2005
Gross value at
30 June 2004
0.0 43.6 43.6 5.0 21.9 0.0 21.9 70.5
0.0 21.9 21.9 8.4 6.9 0.0 6.9 37.2
Note
1. Buildings includes leasehold improvements with a net book value of $47.2 million (2003–04, $41.3 million).
Australia Post Annual Report 2004/05 Financial and Statutory Reports Notes to and forming part of the financial statements
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