RACING AND WAGERING WESTERN AUSTRALIA - RWWA Home
RACING AND WAGERING WESTERN AUSTRALIA - RWWA Home
RACING AND WAGERING WESTERN AUSTRALIA - RWWA Home
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DISCLOSURES <strong>AND</strong> LEGAL COMPLIANCE<br />
14 Property, Plant & Equipment<br />
2012 2011<br />
$000 $000<br />
Freehold land<br />
At fair value 20,211 22,073<br />
Accumulated impairment losses - -<br />
20,211 22,073<br />
Buildings<br />
At fair value 7,188 7,090<br />
Accumulated depreciation (818) (277)<br />
6,370 6,813<br />
Leasehold improvements<br />
At cost 8,506 10,192<br />
Accumulated depreciation (5,330) (7,191)<br />
3,176 3,001<br />
Infrastructure<br />
At cost 6,521 5,861<br />
Accumulated depreciation (2,374) (1,759)<br />
4,147 4,102<br />
Machinery, Plant & Equipment<br />
At cost 2,523 2,401<br />
Accumulated depreciation (1,712) (1,474)<br />
811 927<br />
Computer Equipment<br />
At cost 28,901 29,796<br />
Accumulated depreciation (15,929) (13,986)<br />
12,972 15,810<br />
Furniture and Fittings<br />
At cost 3,352 2,978<br />
Accumulated depreciation (1,881) (1,964)<br />
1,471 1,014<br />
Motor Vehicles<br />
At cost 2,614 2,565<br />
Accumulated depreciation (1,531) (1,165)<br />
1,083 1,400<br />
50,241 55,139<br />
Freehold land and buildings were revalued as at 1 July 2011 by Landgate (Valuation Services). The valuations were<br />
performed during the year ended 31 July 2012 and recognised at 31 July 2012. The fair value of all land and buildings<br />
has been determined by reference to recent market transactions.<br />
Reconciliations of the carrying amounts of property, plant and equipment at the beginning and end of the reporting<br />
period are set out on next page.<br />
Page 47.
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