Annual Report 2013 - Mainfreight

14 Non-current Assets – Property, Plant and Equipment
(a) Reconciliation of Carrying Amounts at the Beginning and End of the Year
Group
Year Ended
31 March 2013
Land
$000 Buildings
$000
Leasehold
Improvements
$000
Plant,
Vehicles
& Equipment
$000
Leased Plant,
Vehicles
& Equipment
$000
Work in
Progress
$000
Total
$000
At 1 April 2012, Net of
Accumulated Depreciation
and Impairment 88,101 157,923 9,781 42,082 8,090 35,158 341,135
Additions – 5,035 2,480 18,131 3,622 26,208 55,476
Acquistion of Subsidiaries – – – – – – –
Disposals (448) (189) (20) (4,232) (64) (27) (4,980)
Transfer Between
Asset Classifications 2,184 25,744 – 996 (39) (28,722) ***163
Revaluations 5,916 – – – – – 5,916
Depreciation Charge
for the Year (9) (6,845) (1,593) (11,581) (2,104) – (22,132)
Foreign Exchange Impact (1,684) (3,326) (72) (838) (371) (680) (6,971)
At 31 March 2013,
Net of Accumulated
Depreciation and
Impairment 94,060 178,342 10,576 44,558 9,134 31,937 368,607
Cost or Fair Value 94,329 245,463 22,495 138,372 22,021 31,937 554,617
Accumulated Depreciation
and Impairment (269) (67,121) (11,919) (93,814) (12,887) – (186,010)
Net Carrying Amount 94,060 178,342 10,576 44,558 9,134 31,937 368,607
*** The transfer between asset classification of $163,000 (2012 $8,346,000)comprises transfers out of fixed assets to properties
held for sale of $163,000 (2012 $8,346,000).
Group
Year Ended
31 March 2012
Land
$000 Buildings
$000
Leasehold
Improvements
$000
Plant,
Vehicles
& Equipment
$000
Leased Plant,
Vehicles
& Equipment
$000
Work in
Progress
$000
Total
$000
At 1 April 2011, Net of
Accumulated Depreciation
and Impairment 73,008 97,001 9,446 23,055 1,955 8,197 212,662
Additions 2,339 11,541 2,035 16,705 2,878 43,038 78,536
Acquistion of Subsidiaries 24,185 50,811 – 18,154 7,266 2,237 102,653
Disposals 19 (286) (8) (1,445) (164) – (1,884)
Transfer Between
Asset Classifications (3,600) 12,961 – 1,007 (682) (18,032) ***(8,346)
Revaluations (3,723) – – – – – (3,723)
Depreciation Charge
for the Year (37) (7,163) (1,436) (12,809) (2,203) – (23,648)
Foreign Exchange Impact (4,090) (6,942) (256) (2,585) (960) (282) (15,115)
At 31 March 2012,
Net of Accumulated
Depreciation and
Impairment 88,101 157,923 9,781 42,082 8,090 35,158 341,135
Cost or Fair Value 88,153 221,514 20,413 138,249 19,911 35,158 523,398
Accumulated Depreciation
and Impairment (52) (63,591) (10,632) (96,167) (11,821) – (182,263)
Net Carrying Amount 88,101 157,923 9,781 42,082 8,090 35,158 341,135
Financial Statements
97