Annual Report 2011 - Sydney Opera House

86SYDNEY OPERA HOUSE TRUSTnotes TO AND FORMING PART OF THE FINANCIAL STATEMENTS11. PROPERTY, PLANT AND EQUIPMENT (Continued)ReconciliationReconciliation of the fair value of property, plant and equipment is set out below:2011 land and Plant and Work inBuilding equipment progress Collection TOTal$’000 $’000 $’000 $’000 $’000Fair value at start of year 2,030,151 55,288 13,870 5,156 2,104,465Additions 4,771 1,100 8,489 - 14,360Disposals and write offs - (54) (51) 2 (103)Reclassification (77,135) 84,489 (7,354) - -Revaluation - 21,896 - - 21,896Make good (39) - - - (39)Depreciation - (14,925) - - (14,925)Fair value at year end 1,957,748 147,794 14,954 5,158 2,125,654The comparative reconciliation for the year ended 30 June 2010 is set out below:2010 land and Plant and Work inBuilding equipment progress Collection TOTal$’000 $’000 $’000 $’000 $’000Fair value at start of year 1,670,227 23,338 62,208 5,124 1,760,897Additions 6 1,048 12,158 - 13,212Disposals and write offs (4) (300) (2,306) (3) (2,613)Reclassification 16,827 40,871 (58,190) - (492)Revaluation 350,028 - - 35 350,063Make good (44) - - - (44)Depreciation (6,889) (9,669) - - (16,558)Fair value at year end 2,030,151 55,288 13,870 5,156 2,104,465