Complete annual report 2010-11 - Land - NSW Government

State Property Authority
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2011
(v) Disposals and Transfers
The following property was disposed of by sale during 2010-11:
By public auction or tender:
• 12 Bombala Street, Cooma
The following property was transferred to another Government agency via equity transfer during 2010-11:
• Heritage Office, 3 Marist Place, Parramatta.
(vi) Heritage Assets
The following properties had restrictions due to being heritage listed and the valuation takes into account the highest
and best use of the property:
• Government Office Building, 21 Mitchell Street, Bourke
• Government Office Building, 51-53 Oxley Street, Bourke
• Chief Secretary’s Building, 121 Macquarie Street, Sydney
• Education Building, 35-39 Bridge Street, Sydney
• Government Office Building, 90 Market Street, Mudgee
• Government Office Building, 1-5 Camp Street, Forbes
• Strickland House, 52 Vaucluse Road, Vaucluse
• Agar Steps Terraces, 5-9 Agar Steps Kent Street, Millers Point
• Glover Cottage, 124 Kent Street, Millers Point
• Richmond Villa, 120 Kent Street, Millers Point
• National Trust Centre, Bradfield Highway, Millers Point
• Quarantine Depot, Off Balls Head Road, Waverton
• Crown Lands Office, 205 Wade Street, Leeton
• Former BP Australia Terminal, Balls Head Road, Waverton
• Government Office Building, 135 Main Street, Murwillumbah
• Government Office Building, Cnr Lynch and Lovell Street, Young
• Sydney Fish Market Site, Pyrmont Bridge Road, Pyrmont
8. ASSETS HELD FOR SALE 2011 2010
$'000 $'000
(a) Carrying Amount at 30 June:
Land and Buildings
At Fair Value 5,000 5,345
Carrying Amount at 30 June 5,000 5,345
(b) Reconciliation of Opening and Closing Carrying Amounts 2011 2010
$'000 $'000
Assets Held for Sale
Carrying Amount at 1 July 5,345 795
Disposals (Note 7(b)(v)) (345) (795)
Transfer from Property, Plant and Equipment (Note 7(b)) - 5,345
Carrying Amount at 30 June 5,000 5,345
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State Property Authority