BROADENING OUR HORIZONS - Arrium

OneSteel Annual Report 201112. Property, plant and equipment882011Land$mCONSOLIDATEDBuildings$mPlant andequipment$mMovements in carrying amountsCostAt the beginning of the year 185.9 487.0 3,013.0 3,685.9Acquisitions through business combinations 19.9 55.8 170.9 246.6Additions 2.3 10.7 249.4 262.4Disposals — (0.3) (19.7) (20.0)Net foreign currency differences on translation of foreign operations (1.7) (6.6) (35.0) (43.3)At the end of the year 206.4 546.6 3,378.6 4,131.6Accumulated depreciation and impairmentAt the beginning of the year — (162.2) (1,221.4) (1,383.6)Depreciation — (17.0) (178.1) (195.1)Impairment loss — — (2.2) (2.2)Disposals — 0.3 18.4 18.7Net foreign currency differences on translation of foreign operations — 0.6 9.3 9.9At the end of the year — (178.3) (1,374.0) (1,552.3)Net carrying amount at 30 June 2011 206.4 368.3 2,004.6 2,579.3Total$m2010Land$mBuildings$mCONSOLIDATEDPlant andequipment$mMovements in carrying amountsCostAt the beginning of the year 178.2 478.2 2,785.3 70.9 3,512.6Additions 13.2 15.5 117.6 — 146.3Acquisitions through business combinations — — 12.0 — 12.0Disposals (5.4) (6.5) (24.4) — (36.3)Transfers — — 126.1 (70.9) 55.2Net foreign currency differences on translationof foreign operations (0.1) (0.2) (3.6) — (3.9)At the end of the year 185.9 487.0 3,013.0 — 3,685.9Accumulated depreciation and impairmentAt the beginning of the year — (148.8) (975.6) (19.2) (1,143.6)Depreciation — (15.2) (183.2) (1.2) (199.6)Disposals — 1.8 26.3 — 28.1Transfers — — (88.5) 20.4 (68.1)Net foreign currency differences on translationof foreign operations — — (0.4) — (0.4)At the end of the year — (162.2) (1,221.4) — (1,383.6)Net carrying amount at 30 June 2010 185.9 324.8 1,791.6 — 2,302.3Leasedassets$mTotal$m