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 />
| 90 |<br />
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 30 JUNE 20<strong>05</strong><br />
31. ANALYSIS OF PROPERTY, PLANT & EQUIPMENT AND INTANGIBLES (CONT.)<br />
Corporation Land<br />
$m<br />
Buildings<br />
$m<br />
Total<br />
land &<br />
buildings<br />
$m<br />
P&E<br />
$m<br />
Computer<br />
software<br />
$m<br />
Other<br />
intangibles<br />
$m<br />
Total<br />
intangibles<br />
$m<br />
Reconciliation of the opening and closing balances of property, plant & equipment and intangibles<br />
As at 30 June <strong>2004</strong><br />
Gross book value 498.6 647.7 1,146.3 582.4 433.4 2.8 436.2 2,164.9<br />
Accumulated<br />
depreciation/<br />
amortisation<br />
Total<br />
$m<br />
0.0 0.0 0.0 0.0 (364.6) (0.9) (365.5) (365.5)<br />
Net book value (1) 498.6 647.7 1,146.3 582.4 68.8 1.9 70.7 1,799.4<br />
Additions by purchase 6.0 50.7 56.7 66.2 34.5 0.0 34.5 157.4<br />
Net revaluation<br />
increment/(decrement)<br />
Depreciation/<br />
amortisation expense<br />
143.5 (21.9) 121.6 0.0 0.0 0.0 0.0 121.6<br />
0.0 (45.4) (45.4) (100.8) (34.9) (0.4) (35.3) (181.5)<br />
Disposals (16.7) (3.4) (20.1) (9.7) 0.0 0.0 0.0 (29.8)<br />
As at 30 June 20<strong>05</strong><br />
Gross book value 631.4 627.7 1,259.1 538.1 460.5 2.8 463.3 2,260.5<br />
Accumulated<br />
depreciation/<br />
amortisation<br />
0.0 0.0 0.0 0.0 (392.1) (1.3) (393.4) (393.4)<br />
Net book value (1) 631.4 627.7 1,259.1 538.1 68.4 1.5 69.9 1,867.1<br />
From a fair value perspective, the corporation has followed the accounting policies set out in note 1.<br />
The above table reflects the original cost and accumulated depreciation on these assets.<br />
Property, plant & equipment and intangibles at fair value<br />
As at 30 June 20<strong>05</strong><br />
Gross book value 631.4 627.7 1,259.1 538.1 0.0 0.0 0.0 1,797.2<br />
Accumulated<br />
depreciation/<br />
amortisation<br />
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0<br />
Fair value 631.4 627.7 1,259.1 538.1 0.0 0.0 0.0 1,797.2<br />
As at 30 June <strong>2004</strong><br />
Gross book value 498.6 647.7 1,146.3 582.4 0.0 0.0 0.0 1,728.7<br />
Accumulated<br />
depreciation/<br />
amortisation<br />
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0<br />
Fair value 498.6 647.7 1,146.3 582.4 0.0 0.0 0.0 1,728.7<br />
Reconciliation of the opening and closing balances of plant and equipment assets held under finance lease at fair value<br />
As at 30 June <strong>2004</strong> 0.0 0.0 0.0 125.0 0.0 0.0 0.0 125.0<br />
Amortisation for the period 0.0 0.0 0.0 (12.5) 0.0 0.0 0.0 (12.5)<br />
As at 30 June 20<strong>05</strong> 0.0 0.0 0.0 112.5 0.0 0.0 0.0 112.5<br />
Property, plant & equipment and intangibles under construction<br />
Gross value at<br />
30 June 20<strong>05</strong><br />
Gross value at<br />
30 June <strong>2004</strong><br />
0.0 43.6 43.6 5.0 21.9 0.0 21.9 70.5<br />
0.0 21.9 21.9 8.4 6.9 0.0 6.9 37.2<br />
Note<br />
1. Buildings includes leasehold improvements with a net book value of $46.5 million (2003–04, $41.3 million).