ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<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 />
28 Reserves<br />
(a) Asset revaluation Reserve<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 />
Balance at<br />
Balance at<br />
begining of<br />
end of<br />
reporting Increment reporting<br />
period (decrement) period<br />
$000 $000 $000<br />
<strong>2008</strong><br />
Land and Buildings 299,109 50,011 349,120<br />
Infrastructure<br />
Sealed and Unsealed Roads 18,905 - 18,905<br />
Roads Other 15,390 - 15,390<br />
Footpath and Bike paths 4,395 - 4,395<br />
Drainage 66,878 - 66,878<br />
105,568 - 105,568<br />
Total Asset Revaluation Reserve 404,677 50,011 454,688<br />
<strong>2007</strong><br />
Land and Buildings 299,222 (113) 299,109<br />
Infrastructure<br />
Sealed and Unsealed Roads 18,905 - 18,905<br />
Roads Other 10,281 5,109 15,390<br />
Footpath and Bike paths - 4,395 4,395<br />
Drainage 66,878 - 66,878<br />
96,064 9,504 105,568<br />
Total Asset Revaluation Reserve 395,286 9,391 404,677<br />
The Asset Revaluation Reserve records the increase and any subsequent decrease in the value of assets held at fair value.<br />
167
Change language