Ainslie Football and Social Club Limited 2010 Annual Report
Ainslie Football and Social Club Limited 2010 Annual Report
Ainslie Football and Social Club Limited 2010 Annual Report
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
FINANCIAL REPORT<br />
<strong>Ainslie</strong> <strong>Football</strong> <strong>and</strong> <strong>Social</strong> <strong>Club</strong> <strong>Limited</strong> ABN 17 102 364 321<br />
Note 9: Property, Plant <strong>and</strong> Equipment (continued)<br />
The basis of valuation of l<strong>and</strong> <strong>and</strong> buildings is market value based on existing use.<br />
The Coffs Harbour valuation was carried out in 2007 by Ken Dovers, AAPI of North Coast Valuation Service.<br />
The valuation of l<strong>and</strong> <strong>and</strong> buildings at Wakefield Avenue was carried out in 2003 by Brian Pitt AVLE (VAL) of<br />
McCann <strong>and</strong> Associates.<br />
The valuation of l<strong>and</strong> <strong>and</strong> buildings at the Canberra City Bowling <strong>Club</strong> was carried out in 2009 by CB Richard<br />
Ellis Pty <strong>Limited</strong>.<br />
<strong>Ainslie</strong> Oval Development<br />
The <strong>Ainslie</strong> Oval Development was revalued at 30 September 2003. The l<strong>and</strong> <strong>and</strong> buildings at valuation that<br />
relate to the <strong>Ainslie</strong> Oval Development are disclosed in the l<strong>and</strong> <strong>and</strong> buildings at valuation classes. Up to the<br />
date of the valuation, the actual costs incurred on the <strong>Ainslie</strong> Oval Development were $3,493,473.<br />
Movements in Carrying Amounts<br />
Movements in carrying amounts for each class of property, plant <strong>and</strong> equipment between the beginning <strong>and</strong> the<br />
end of the current financial year.<br />
Leasehold<br />
L<strong>and</strong><br />
$<br />
Buildings<br />
$<br />
Poker<br />
Machines<br />
$<br />
Plant,<br />
Equipment &<br />
Furniture<br />
$<br />
Balance at the beginning of the year 6,161,000 26,973,615 3,763,020 4,806,538<br />
Additions – 934,042 1,357,863 837,973<br />
Disposals – – (1,187,704) (183,233)<br />
Depreciation expense – (1,251,424) (1,594,548) (799,058)<br />
Revaluation increments/(decrements) – – – –<br />
Depreciation written back on disposals – – 1,076,758 148,025<br />
Carrying amount at the end of year 6,161,000 26,656,233 3,415,389 4,810,245<br />
<strong>Ainslie</strong><br />
Oval<br />
$<br />
Motor<br />
Vehicles<br />
$<br />
Coffs Harbour<br />
L<strong>and</strong> & Build<br />
at valuation<br />
$<br />
Coffs Harbour<br />
Plant & Equip<br />
at valuation<br />
$<br />
Total<br />
$<br />
Balance at the beginning of the year 304,684 37,488 3,024,908 130,471 45,201,724<br />
Additions 157,072 3,636 – 26,442 3,317,028<br />
Disposals (10,034) – – – (1,380,971)<br />
Depreciation expense (21,152) (4,949) (23,748) (17,276) (3,712,155)<br />
Revaluation increments/(decrements) – – – – –<br />
Depreciation written back on disposals 8,178 – – – 1,232,961<br />
Carrying amount at the end of year 438,748 36,175 3,001,160 139,637 44,658,587<br />
40<br />
AFC annual report 10 PRINT.indd 40<br />
7/12/10 6:54:31 PM
Change language