AWB Limited - 2004 Annual Report
AWB Limited - 2004 Annual Report
AWB Limited - 2004 Annual Report
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13. PROPERTY, PLANT AND EQUIPMENT<br />
Consolidated<br />
<strong>AWB</strong> <strong>Limited</strong><br />
<strong>2004</strong> 2003 <strong>2004</strong> 2003<br />
Notes $'000 $'000 $'000 $'000<br />
Freehold land – at cost 16,023 18,556 – 2,924<br />
Buildings on freehold land<br />
– at cost 63,788 64,106 – 8,809<br />
– accumulated depreciation (11,993) (7,800) – (898)<br />
51,795 56,306 – 7,911<br />
Leasehold improvements<br />
– at cost 20,324 11,715 – 433<br />
– accumulated amortisation (5,420) (5,237) – (306)<br />
14,904 6,478 – 127<br />
Total land and buildings 82,722 81,340 – 10,962<br />
Plant and equipment<br />
– at cost 367,432 359,644 – 70,021<br />
– accumulated depreciation (130,593) (90,541) – (26,066)<br />
Total plant and equipment 236,839 269,103 – 43,955<br />
Total property, plant and equipment 467,567 454,021 – 82,187<br />
Total accumulated depreciation and amortisation (148,006) (103,578) – (27,270)<br />
Total property, plant and equipment at net book value 319,561 350,443 – 54,917<br />
Reconciliations<br />
Reconciliations of the carrying amounts for each class of property, plant and equipment are set out below:<br />
Freehold<br />
Leasehold Plant and<br />
land Buildings improvements equipment Total<br />
$'000 $'000 $'000 $'000 $'000<br />
Consolidated – <strong>2004</strong><br />
Carrying amount at the beginning of the year<br />
18,556 56,306 6,478 269,103 350,443<br />
Additions<br />
21 2,626 10,570 22,338 35,555<br />
Disposals<br />
(2,554) (3,907) (584) (3,238) (10,283)<br />
Depreciation/amortisation expense<br />
– (3,230) (1,556) (51,400) (56,186)<br />
Net foreign currency difference on translation of self sustaining<br />
foreign operations<br />
– – (4) 36<br />
32<br />
Carrying amount at the end of the year 16,023 51,795 14,904 236,839 319,561<br />
Consolidated – 2003<br />
Carrying amount at the beginning of the year 6,180 18,291 182 145,866 170,519<br />
Acquisitions through entity acquired 6,280 10,370 6,148 99,141 121,939<br />
Additions 6,211 29,800 430 56,726 93,167<br />
Disposals (115) (242) (11) (184) (552)<br />
Recoverable amount write down – – – (7,182) (7,182)<br />
Depreciation/amortisation expense – (1,913) (258) (25,244) (27,415)<br />
Net foreign currency difference on translation of self sustaining<br />
foreign operations – – (13) (20) (33)<br />
Carrying amount at the end of the year 18,556 56,306 6,478 269,103 350,443<br />
73
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