Annual Report - Bega Cheese

Financial Statements
Financial Period Ended Statements 30 June 2010
Period Notes to Ended the Financial 30 June 2010 Statements
Notes to the Financial Statements
11. Non-Current Assets - Property, Plant and Equipment
Consolidated
Company
2010 2009 2010 2009
$'000 $'000 $'000 $'000
Land and buildings
At cost 79,973 79,088 51,470 50,454
Accumulated depreciation (18,921) (16,241) (13,034) (11,422)
Total land and buildings 61,052 62,847 38,436 39,032
Plant and equipment
At cost 292,680 282,936 153,149 144,835
Accumulated depreciation (173,088) (159,009) (69,967) (59,675)
Total plant and equipment 119,592 123,927 83,182 85,160
Leased assets
At cost 4,856 4,856 - -
Accumulated depreciation (3,642) (2,948) - -
Total leased assets 1,214 1,908 - -
Construction in progress 11,938 5,557 6,501 2,776
Total property, plant and equipment 193,796 194,239 128,119 126,968
The movements in property, plant and equipment are:
Consolidated
Period ending 30 June 2010
Construction Land and Plant and Leased Total
in progress buildings equipment assets
$'000 $'000 $'000 $'000 $'000
Balance at the beginning of the period 5,557 62,847 123,926 1,908 194,239
Capital expenditure 20,741 - - - 20,741
Disposals - (236) (311) - (547)
Depreciation - (2,680) (17,262) (694) (20,636)
Transfers (14,360) 1,121 13,239 - -
Balance at the end of the financial period 11,938 61,052 119,592 1,214 193,796
Period ending 30 June 2009
Balance at the beginning of the period 4,360 36,065 75,969 2,601 118,995
Acquisition through business combinations - 22,105 49,545 - 71,650
Capital expenditure 19,867 - - - 19,867
Disposals - (122) (95) - (217)
Depreciation - (2,226) (13,137) (693) (16,056)
Transfers (18,670) 7,025 11,645 - -
Balance at the end of the financial period 5,557 62,847 123,927 1,908 194,239
Bega Cheese Limited 2010 Annual Report 37
Bega Cheese Limited 2010 Annual Report 37