Untitled - Annual Report 2004 - The University of Western Australia

THE UNIVERSITY OF WESTERN AUSTRALIANotes to the Financial Statementsfor the year ended 31 December 2004ConsolidatedUniversity2004 2003 2004 2003Note $’000 $’000 $’000 $’00025. Other Current AssetsPrepayments 8,665 5,677 8,665 5,677Total Other Current Assets 8,665 5,677 8,665 5,67726. Property, Plant and EquipmentLeasehold Land—at valuation in 2004 80,000 77,000 80,000 77,000Freehold Land—at valuation in 2004 26,881 21,437 26,881 21,437Total Land 106,881 98,437 106,881 98,437Buildings—at valuation in 2004 399,552 315,970 399,552 315,970Buildings—at cost 1,647 165,527 1,647 165,527Less: Accumulated depreciation (8,013) (96,563) (8,013) (96,563)393,186 384,934 393,186 384,934Buildings—work in progress 84,780 28,704 84,780 28,704Total Buildings 477,966 413,638 477,966 413,638Total Land and Buildings 584,847 512,075 584,847 512,075Leasehold Improvements—at cost 663 304 663 304Less: Accumulated depreciation (32) (38) (32) (38)Total Leasehold Improvements 631 266 631 266Computer Hardware—at cost 16,208 16,216 16,208 16,154Less: Accumulated depreciation (10,083) (10,154) (10,083) (10,128)6,125 6,062 6,125 6,026Computer Software—work in progress 7,306 2,627 7,306 2,282Total Computer Equipment 13,431 8,689 13,431 8,308Other Equipment and Furniture—at cost 86,139 78,540 86,139 77,973Less: Accumulated depreciation (50,669) (43,919) (50,669) (43,836)35,470 34,621 35,470 34,137Equipment—work in progress 19 4,001 19 4,001Total Other Equipment and Furniture 35,489 38,622 35,489 38,138Motor Vehicle—at cost 5,377 5,240 5,377 5,183Less: Accumulated depreciation (1,289) (752) (1,289) (727)Total Motor Vehicles 4,088 4,488 4,088 4,456ArtworksArtworks—at cost 356 188 356 188Artworks—at valuation in 1994 201 201 201 201Artworks—at valuation in 2001 20,729 20,729 20,729 20,729Total Artworks 21,286 21,118 21,286 21,118Library BooksBooks—at cost 22,192 16,631 22,192 16,631Less: Accumulated depreciation (9,376) (5,108) (9,376) (5,108)Total Library Books 12,816 11,523 12,816 11,523Special CollectionsSpecial Collections—at cost 424 255 424 255Special Collections—at valuation in 1995 1,183 1,183 1,183 1,183Special Collections—at valuation in 2003 36,066 36,066 36,066 36,066Total Special Collections 37,673 37,504 37,673 37,504Total Property, Plant and Equipment 710,261 634,285 710,261 633,38866