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 (continued) $000s $000s $000s $000s
Office Equipment
Cost 509 438 456 390
Accumulated Depreciation and Impairment (388) (382) (343) (345)
CARRYING VALUE 121 56 113 45
Opening Book Value 56 51 45 43
Additions 95 29 93 22
Disposals (25) – (25) –
Reclass Between Asset Category – – – –
Intercompany Transfer – – – (1)
Accumulated Depreciation Recovered 25 – 25 –
Depreciation (30) (24) (25) (19)
Closing Carrying Value 121 56 113 45
Furniture and Fittings
Cost 1,231 810 1,092 683
Accumulated Depreciation and Impairment (663) (639) (579) (569)
Carrying Value 568 171 513 114
Opening Carrying Value 171 67 114 48
Additions 447 133 438 88
Disposals (27) – (25) –
Reclass Between Asset Category – – – 1
Intercompany Transfer – – – –
Accumulated Depreciation Recovered 26 – 25 –
Depreciation (49) (29) (39) (23)
Closing Carrying Value 568 171 513 114
Plant and Equipment
Cost 937 901 838 803
Accumulated Depreciation and Impairment (401) (331) (340) (278)
Carrying Value 536 570 498 525
Opening Carrying Amount 570 438 525 416
Additions 37 184 35 158
Disposals – – – –
Reclass Between Asset Category – – – 1
Intercompany Transfer – – – (2)
Depreciation (71) (52) (62) (48)
Closing Carrying Amount 536 570 498 525
19,295 13,471 17,865 12,857
Capital Work in Progress
Internally Developed Software 3,657 2,689 3,657 2,689
External Purchased Software and Equipment 2,221 3,158 1,995 2,701
TOTAL CARRYING AMOUNT 25,173 19,318 23,517 18,247
Capital work in progress relates to on-going projects that were not completed and capitalised at year end. No impairment issues have been identified.
44 Meteorological Service of New Zealand Ltd Annual Report 2011