2003 - 04 Annual Report - Sbs

106Notes Consolidated Corporation2004 2003 2004 2003$'000 $'000 $'000 $'0009. Non-financial assets9(a) Freehold land1(p)Freehold land – at 2001 independent valuation (deprival) (xiii) - 9,700 - 9,700Freehold land – at 2004 independent valuation (fair value) 19,250 - 19,250 -Total freehold land 19,250 9,700 19,250 9,700Buildings on freehold landBuildings – at 2001 independent valuation (deprival) (xiii) - 46,375 - 46,375Buildings – at 2004 independent valuation (fair value) 49,655 - 49,655 -Buildings – at cost - 739 - 739Less accumulated depreciation (13,655) (11,611) (13,655) (11,611)Total buildings on freehold land 36,000 35,503 36,000 35,503Leasehold improvements(xiii)Leasehold improvements – at 1999 independent valuation(Australian Ballet Centre) - 212 - 212Leasehold improvements – at cost(Federation Square) 6,171 6,020 6,171 6,020Less accumulated amortisation (538) (341) (538) (341)Total leasehold improvements 5,633 5,891 5,633 5,891Total land and buildings (non-current) 60,883 51,094 60,883 51,0949(b) Plant and equipment1(p)Plant and equipment – at 2001 independent valuation (xiii) - 51,272 - 51,272Plant and equipment – at 2004 independent valuation 69,919 - 69,919 -Plant and equipment – at cost - 11,177 - 11,177Less accumulated depreciation (43,739) (32,520) (43,739) (32,520)26,180 29,929 26,180 29,929Plant and equipment under finance lease(at 2001 independent valuation) 1(l), 10(b), (xiii) - 2,083 - 2,083Plant and equipment under finance lease(at 2004 independent valuation) 1,785 - 1,785 -Less accumulated amortisation (1,353) (1,915) (1,353) (1,915)432 168 432 168Total plant and equipment 26,612 30,097 26,612 30,0979(c) Intangibles 1(p)Computer software at cost (xiii) 3,815 3,319 3,815 3,319Less accumulated amortisation (1,777) (1,380) (1,777) (1,380)2,038 1,939 2,038 1,939Total intangibles 2,038 1,939 2,038 1,939