2011-2012 Annual Report - Full Version - PDF - Palmerston North ...

*****Note: Pages 160-161 (Property, plant and equipment) table should be read as one continuous table across bothpagesFinancial Statements Note 15Cost/ Accumulated Carrying Currentrevaluation depreciation & amount yearimpairmentadditionscharges1-Jul-10 1-Jul-10 1-Jul-10$000 $000 $000 $0002011COUNCIL OPERATIONAL ASSETSLand 78,412 - 78,412 7,740Buildings 164,932 - 164,932 6,214Improvements 29,055 - 29,055 2,234Office equipment, furniture and fittings 20,453 16,208 4,245 1,157Library books 12,130 8,221 3,909 784Motor vehicles and plant 17,822 10,288 7,534 1,003Total operational assets 322,804 34,717 288,087 19,132COUNCIL INFRASTRUCTURAL ASSETSWaste management 21,608 939 20,669 (1,077)Wastewater 121,105 3,376 117,729 6,392Water 110,295 3,671 106,624 4,591Stormwater 121,721 1,945 119,776 2,079Roading network 221,490 14,395 207,095 8,461Land under roads 348,850 - 348,850 790Total infrastructural assets 945,069 24,326 920,743 21,236COUNCIL RESTRICTED ASSETSLand 20,583 - 20,583 (7,583)Total restricted assets 20,583 - 20,583 (7,583)Total PNCC property, plant, and equipment 1,288,456 59,043 1,229,413 32,785COUNCIL CONTROLLED ORGANISATIONSPROPERTY, PLANT AND EQUIPMENTLand 21,351 - 21,351 -Buildings 13,630 2,418 11,212 612Improvements 722 526 196 92Infrastructural assets 14,061 4,298 9,763 225Plant and equipment 3,484 2,165 1,319 850Office equipment, furniture and fittings 957 773 184 240Collection assets 10,448 - 10,448 57Motor vehicles 10 10 - -Total CCO property, plant and equipment 64,663 10,190 54,473 2,076Total Group property, plant and equipment 1,353,119 69,233 1,283,886 34,861* In 2010 restricted land was reviewed to includeonly that land with title restrictions. Landpreviously included without title restrictionswas transferred to operating land, using averagevalues. Subsequently the average values appliedhave been reviewed with amendment made toreflect the actual value related to each title. Thisresulted in a further transfer from restricted landto operational land of $7,583k.** Waste management included a gas engineinstalled to convert landfill gas into electricity.As this is now primarily utilising wastewatertreatment plant digester gas the associatedassets of $2,882k at 30 June 2010 have beentransferred to wastewater.160Palmerston North City Council Annual Report 2011/12