INSTRUCTIONS - Realview

NOTES TO THEFINANCIAL STATEMENTSFor the year ended 30 June 2009Note 17 Property, plant and equipmentconsolidatedparent entity2009 2008 2009 2008$’000 $’000 $’000 $’000Non-currentLand 507 507 507 507Housing & site buildings 11,082 1,869 11,082 1,869Plant and equipment 115,622 73,963 115,622 73,963Accumulated depreciation (9,583) (3,551) (9,583) (3,551)Total 117,628 72,788 117,628 72,788Reconciliation of the carrying amounts for each class of property, plant and equipment is set out below:LandAt the beginning of the year 507 1,366 507 507Disposals – (859) – –At the end of the year 507 507 507 507Housing & site buildingsAt the beginning of the year 1,869 1,500 1,869 1,500Additions 9,528 369 9,528 369Depreciation (315) – (315)At the end of the year 11,082 1,869 11,082 1,869Plant and equipmentAt the beginning of the year 70,412 13,140 70,412 13,140Transfer to inventory – (1,218) – (1,218)Additions 41,747 60,006 41,747 60,006Disposals (51) – (51) –Depreciation (6,069) (1,516) (6,069) (1,516)At the end of the year 106,039 70,412 106,039 70,412Total 117,628 72,788 117,628 72,788(a) SecurityAs at 30 June 2009, plant and equipment with a carrying value of $31,854,000 (2008: $1,098,000) is held as security forfinance leases (Note 22).In accordance with the security arrangements in relation to commercial facilities, during the year the Commonwealth Bankof Australia released the Company from its fixed and floating charge against all remaining assets. The Commonwealth Bankholds security over cash deposits backing a bank guarantee facility totalling $24,339,000 as at 30 June 2009. During theyear, and as at 30 June 2009, there were no events of default.76