Annual Report 2010 - Christchurch City Council
Annual Report 2010 - Christchurch City Council
Annual Report 2010 - Christchurch City Council
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p194.<br />
<strong>Annual</strong> <strong>Report</strong><br />
<strong>Christchurch</strong> Otautahi<br />
<strong>2010</strong><br />
Financial statements<br />
Property, plant and<br />
equipment (continued)<br />
Notes to financial statements<br />
23. Property, plant and equipment (continued)<br />
Parent & Group<br />
Roading<br />
network<br />
at fair<br />
value<br />
Sewerage<br />
system at<br />
fair value<br />
Water<br />
system at<br />
fair value<br />
Stormwater<br />
system at<br />
fair value<br />
Work in<br />
progress<br />
Total<br />
$000s $000s $000s $000s $000s $000s<br />
Infrastructural assets<br />
Gross carrying amount<br />
Cost/valuation at 1 July 2008 1,555,582 653,424 340,577 336,956 109,343 2,995,882<br />
Additions 49,140 8,140 5,472 2,699 - 65,451<br />
Disposals (3,090) (262) - - - (3,352)<br />
Net movements in work in progress - - - - 73,059 73,059<br />
Net revaluation increments/(decrements) - 38,433 - - - 38,433<br />
Transfers (3) 2,520 (3,131) 3 - (611)<br />
Cost/valuation at 30 June 2009 1,601,629 702,255 342,918 339,658 182,402 3,168,862<br />
Additions 79,972 109,336 14,023 9,092 - 212,423<br />
Disposals (5,421) (94) (460) - - (5,975)<br />
Net movements in work in progress - - - - (80,011) (80,011)<br />
Net revaluation increments/(decrements) 124,673 - 97,940 - - 222,613<br />
Transfers and other - 1 8 - - 9<br />
Cost/valuation at 30 June <strong>2010</strong> 1,800,853 811,498 454,429 348,750 102,391 3,517,921<br />
Accumulated depreciation<br />
Accumulated depreciation and impairment at 1 July 2008 (35,440) (23,209) (7,739) - - (66,388)<br />
Disposals 1,056 48 - - - 1,104<br />
Net adjustments from revaluation increments/(decrements) - 35,364 - - - 35,364<br />
Depreciation expense (37,594) (12,411) (7,618) (4,431) - (62,054)<br />
Transfers and other - (320) 365 - - 45<br />
Accumulated depreciation & impairment at 30 June 2009 (71,978) (528) (14,992) (4,431) - (91,929)<br />
Disposals 1,430 8 100 - - 1,538<br />
Net adjustments from revaluation increments/(decrements) 108,745 - 22,539 - - 131,284<br />
Depreciation expense (38,218) (14,172) (7,647) (4,488) - (64,525)<br />
Accumulated depreciation & impairment at 30 June <strong>2010</strong> (21) (14,692) - (8,919) - (23,632)<br />
Carrying amount at 30 June 2009 1,529,651 701,727 327,926 335,227 182,402 3,076,933<br />
Carrying amount at 30 June <strong>2010</strong> 1,800,832 796,806 454,429 339,831 102,391 3,494,289
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