Full report - State Library of Victoria - Victoria Online

Consolidated State Library
of Victoria
2008 2007 2008 2007
6 PROPERTY, PLANT AND EQUIPMENT Note $’000 $’000 $’000 $’000
Land – fair value (2007 valuation) 44,200 44,200 44,200 44,200
Buildings – fair value (2007 valuation) 1(h) 382,000 382,000 382,000 382,000
Buildings at cost 6,426 6,426 6,426 6,426
388,426 388,426 388,426 388,426
Less accumulated depreciation (valuation) 1(h) (5,730) (1,910) (5,730) (1,910)
Less accumulated depreciation (cost) (129) (64) (129) (64)
(5,859) (1,974) (5,859) (1,974)
Equipment at cost 16,516 17,232 16,516 17,232
Less accumulated depreciation 1(h) (8,439) (7,343) (8,439) (7,343)
8,077 9,889 8,077 9,889
Equipment under lease at cost 162 154 162 154
Less accumulated depreciation 1(h) (71) (49) (71) (49)
91 105 91 105
Work in progress at cost 33 – 33 –
Total Property, Plant and Equipment 434,968 440,646 434,968 440,646
Consolidated State Library
of Victoria
2008 2007 2008 2007
7 LIBRARY COLLECTIONS Note $’000 $’000 $’000 $’000
At cost – Heritage collection 1,073 – 1,073 –
At cost – Non-heritage collection 1(i) 1,309 – 1,309 –
Heritage at fair value (2007 valuation) 1(h) 215,753 215,753 215,753 215,753
Non-heritage at fair value (2007 valuation) 1(i) 117,258 117,258 117,258 117,258
Less: accumulated depreciation (2,345) – (2,345) –
Collection donations at fair value (2008) 1,799 – 1,799
334,847 333,011 334,847 333,011
Reconciliation
Carrying amount at start of year 333,011 308,340 333,011 308,340
Post revaluation additions – purchases 2,382 2,365 2,382 2,365
Post revaluation additions – donated 1,799 1,135 1,799 1,135
Net value of revaluation
increment / (decrement) – 22,474 – 22,474
Depreciation – Non-heritage collection (2,345) (1,303) (2,345) (1,303)
Carrying amount at end of year 334,847 333,011 334,847 333,011
Land Buildings Plant & Assets Work in Total
Equipment under Progress
Finance
Lease
MOVEMENT OF PROPERTY, $’000 $’000 $’000 $’000 $’000 $’000
PLANT AND EQUIPMENT
Consolidated 2008
Opening balance 44,200 386,452 9,889 105 – 440,646
Additions – – 462 31 33 526
Disposals – – (407) (23) – (430)
Net revaluation
increment / (decrement) – – – – – –
Depreciation – (3,884) (1,868) (22) – (5,774)
Impairment loss – – – – – –
Work in progress – – – – – –
Closing balance 44,200 382,568 8,076 91 33 434,968
State Library Of Victoria 2008
Opening balance 44,200 386,452 9,889 105 – 440,646
Additions – – 462 31 33 526
Disposals – – (407) (23) – (430)
Net revaluation
increment / (decrement) – – – – – –
Depreciation – (3,884) (1,868) (22) – (5,774)
Impairment loss – – – – – –
Work in progress – – – – – –
Closing balance 44,200 382,568 8,076 91 33 434,968
Consolidated 2007
Opening balance 38,000 340,366 7,237 106 26,700 412,409
Additions – 7,128 3,453 90 – 10,671
Disposals – – – (75) – (75)
Net revaluation
increment / (decrement) 6,200 17,191 – – – 23,391
Depreciation – (3,868) (1,866) (16) – (5,750)
Impairment loss – – – – – –
Work in progress – 25,635 1,065 – (26,700) –
Closing balance 44,200 386,452 9,889 105 – 440,646
State Library Of Victoria 2007
Opening balance 38,000 340,366 7,237 106 26,700 412,409
Additions – 7,128 3,453 90 – 10,671
Disposals – – – (75) – (75)
Net revaluation
increment / (decrement) 6,200 17,191 – – – 23,391
Depreciation – (3,868) (1,866) (16) – (5,750)
Impairment loss – – – – – –
Work in progress – 25,635 1,065 – (26,700) –
Closing balance 44,200 386,452 9,889 105 – 440,646
8 DEFERRED EXPENDITURE
CARM Centre, Bundoora 1(f) 1,000 1,000 1,000 1,000
Less accumulated amortisation (999) (999) (999) (999)
1 1 1 1
9 PAYABLES
Creditors – external 1,363 1,969 1,363 1,969
Accrued expenses 1,017 949 1,017 949
Prepaid revenue 102 129 102 129
2,482 3,047 2,482 3,047
10 INTEREST BEARING LIABILITIES
(Motor Vehicles)
Finance lease – current 22 39 22 39
Finance lease – non-current 72 68 72 68
94 107 94 107
11 PROVISIONS 1(K)
Employee benefits 4,992 5,027 4,992 5,027
Total current provisions 4,992 5,027 4,992 5,027
Employee benefits 312 596 312 596
Total non-current provisions 312 596 312 596
Aggregate carrying amount of provisions 5,304 5,623 5,304 5,623
(a) Current employee benefits
Annual leave entitlements 1,875 1,955 1,875 1,955
Unconditional long-service entitlements 3,117 3,072 3,117 3,072
4,992 5,027 4,992 5,027
Current employee benefits that:
Are expected to be utilised
within 12 months 1,128 1,315 1,128 1,315
Are expected to be utilised
more than 12 months 747 640 747 640
1,875 1,955 1,875 1,955
(b) Non-current employee benefits
Conditional long-service entitlements 312 596 312 596
312 596 312 596
88/89
Library Board of Victoria Annual Report O7—O8