MetService - Annual Report 2011 - Crown Ownership Monitoring Unit

Financial statements
Notes to the financial statements for the year ended 30 June 2011 (cont.)
Group 2011 Group 2010 Parent 2011 Parent 2010
19. Property, plant & equipment $000s $000s $000s $000s
Land
Cost 118 118 118 118
CARRYING Amount 118 118 118 118
Opening Carrying Amount 118 118 118 118
Additions – – – –
Disposals – – – –
Impairment Losses – – – –
Closing CARRYING Amount 118 118 118 118
Land – Leasehold
Cost 447 447 447 447
Accumulated Depreciation and Impairment (418) (397) (418) (397)
CARRYING Amount 29 50 29 50
Opening Carrying Amount 50 71 50 71
Additions – – – –
Disposals – – – –
Impairment Losses – – – –
Depreciation (21) (21) (21) (21)
Closing CARRYING Amount 29 50 29 50
Buildings
Cost 3,076 1,096 3,076 1,096
Accumulated Depreciation and Impairment (332) (216) (332) (216)
CARRYING Amount 2,744 880 2,744 880
Opening Carrying Amount 880 506 880 506
Additions 1,980 414 1,980 414
Disposals – – – –
Reclass Between Asset Category – – – –
Impairment Losses – – – –
Depreciation (116) (40) (116) (40)
Closing CARRYING Amount 2,744 880 2,744 880
Buildings on Leasehold Land
Cost 4,886 4,210 4,743 4,155
Accumulated Depreciation and Impairment (1,773) (1,513) (1,736) (1,482)
CARRYING Amount 3,113 2,697 3,007 2,673
Opening Carrying Amount 2,697 1,917 2,673 1,891
Additions 675 946 588 946
Disposals – – – –
Impairment Losses – – – –
Reclass Between Asset Category – – – –
Intercompany Transfer – – – (1)
Depreciation (259) (166) (254) (163)
Closing CARRYING amount 3,113 2,697 3,007 2,673
42 Meteorological Service of New Zealand Ltd Annual Report 2011