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Financial Statement 2006-07Notes to and forming partof the Financial Statements for the year ended 30 June 200744Note 6D - Analysis of Property, Plant, Equipment and IntangiblesReconciliation of the opening and closing balances of property, plant, equipment and intangibles (2005-06)Item Land Buildings Total Plant & Heritage & Intangibles TOTALon Freehold Land & Equipment CollectionsLand Buildings$’000 $’000 $’000 $’000 $’000 $’000 $’000As at 1 July 2005Gross book value 32,652 17,598 50,250 1,162 14,091 - 65,503Accumulated depreciation/amortisation - (670) (670) (176) - - (846)Net book value 32,652 16,928 49,580 986 14,091 - 64,657AdditionsBy purchase 5,440 4,080 9,520 477 - 18 10,015Assets transferred in - - - - - - -From acquistion of operations - - - - -Revaluations - - - - - - -Reclassification 7,185 (15,950) (8,765) (81) 8,758 - (88)Depreciation adjustment - 606 606 (23) - - 583Depreciation expense - (110) (110) (115) - - (225)DisposalsFrom disposal of operations - - - (7) - - (7)Other disposals - - - - - - -As at 30 June 2006Gross book value 45,277 5,728 51,005 1,551 22,849 18 75,423Accumulated depreciation/amortisation - (174) (174) (314) - - (488)Closing Net book value 45,277 5,554 50,831 1,237 22,849 18 74,935