RFG Annual Report 2007 - Retail Food Group

13. Property, plant and equipment
45
Property
improvements
at cost
$’000
Land and
buildings
at cost
$’000
Leasehold
improvements
at cost
$’000
Consolidated
Plant and
equipment
at cost
$’000
Motor
vehicles
at cost
$’000
Gross carrying amount
Balance at 1 July 2005 – – 169 671 71 911
Additions – 4 8 69 54 135
Disposals – – – (47) (5) (52)
Transfers – – – (2) – (2)
Balance at 1 July 2006 – 4 177 691 120 992
Additions 7 2,574 1,693 2,968 45 7,166
Disposals – – – – (63) (63)
Transfers – – (23) (22) – 76
Balance at 30 June 2007 7 2,578 1,847 3,637 102 8,171
Total
$’000
Retail Food Group Annual Report
Accumulated depreciation /
amortization and impairment
Balance at 1 July 2005 – – (33) (404) (43) (480)
Disposals – – – 23 2 25
Depreciation expense – – (11) (86) (17) (114)
Balance at 1 July 2006 – – (44) (467) (58) (569)
Disposals – – – – 26 26
Transfers – – 17 27 – 137
Depreciation expense – – (10) (232) (14) (349)
Balance at 30 June 2007 – – (37) (672) (46) (755)
Net book value
As at 30 June 2006 – 4 133 224 62 423
As at 30 June 2007 7 2,578 1,810 2,965 56 7,416
The following useful lives are used in the calculation of depreciation:
Buildings
40 years
Leasehold improvements 5–40 years
Plant and equipment
3–13.33 years
Equipment under fi nance lease 13.33 years
Aggregate depreciation allocated, whether recognised as an expense or capitalised as part of the carrying amount of other assets during the year:
2007
$’000
Consolidated
2006
$’000
2007
$’000
Company
2006
$’000
Property improvements – – – –
Leasehold improvements 10 11 – –
Plant and equipment 232 86 – –
Motor vehicles 14 17 – –
256 114 – –