ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
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<strong>CITY</strong> <strong>OF</strong> <strong>GREATER</strong> <strong>GEELONG</strong><br />
NOTES TO THE FINANCIAL <strong>REPORT</strong> FOR THE YEAR ENDED 30 JUNE <strong>2008</strong><br />
<strong>2008</strong> <strong>2007</strong><br />
$000 $000<br />
<strong>CITY</strong> <strong>OF</strong> <strong>GREATER</strong> <strong>GEELONG</strong> <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2007</strong>-<strong>2008</strong><br />
21 Property, Infrastructure, Plant and Equipment (cont’d)<br />
(c) Infrastructure<br />
Road Pavement<br />
at cost 9,820 7,113<br />
Less accumulated depreciation 182 85<br />
9,638 7,028<br />
at fair value as at 1 November 2004 370,133 370,506<br />
Less accumulated depreciation 163,345 159,791<br />
206,788 210,715<br />
Total Road Pavement 216,426 217,743<br />
Road Seal<br />
at cost 13,685 10,623<br />
Less accumulated depreciation 913 457<br />
12,772 10,166<br />
at fair value as at 1 November 2004 53,823 53,929<br />
Less accumulated depreciation 40,600 39,050<br />
13,223 14,879<br />
Total Road Seal 25,995 25,045<br />
Roads Other<br />
at cost 7,686 3,229<br />
Less accumulated depreciation 64 10<br />
7,622 3,219<br />
at fair value as at 1 October 2006 86,274 87,583<br />
Less accumulated depreciation 43,409 41,791<br />
42,865 45,792<br />
Total Roads Other 50,487 49,011<br />
Footpaths and Bike paths<br />
at cost 6,760 3,311<br />
Less accumulated depreciation 100 17<br />
6,660 3,294<br />
at fair value as at 1 October 2006 141,926 142,496<br />
Less accumulated depreciation 86,120 84,416<br />
55,806 58,080<br />
Total Footpaths and Bike paths 62,466 61,374<br />
159
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