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S A N F L A N N U A L R E P O R T 2 0 0 6NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 OCTOBER <strong>2006</strong>Consolidated Entity<strong>SANFL</strong> Inc<strong>2006</strong> 2005 <strong>2006</strong> 2005$ $ $ $Plant and equipment - at cost 17,104,546 16,366,906 11,136,018 10,794,399Less: Accumulated depreciation (11,842,286) (10,804,603) (6,961,068) (6,375,982)5,262,260 5,562,303 4,174,950 4,418,417Plant and equipment under lease– at capitalised cost 462,045 572,744 376,678 308,294Less: Accumulated amortisation (220,157) (318,497) (159,819) (139,654)241,888 254,247 216,859 168,640Capital works in progress 1,266,675 - 1,266,675 -Total property, plant and equipment 61,817,804 59,045,874 46,772,373 44,546,716ReconciliationsReconciliations of the carrying amounts for eachclass of property, plant & equipment are set out below;Freehold LandCarrying amount at beginning of year 4,965,854 4,965,854 4,965,854 4,965,854Additions 524,914 - 524,914 -Carrying amount at end of year 5,490,768 4,965,854 5,490,768 4,965,854BuildingsCarrying amount at beginning of year 48,263,470 48,442,056 34,993,805 35,511,705Additions 2,647,568 610,937 1,268,014 117,786Transfers - 417,789 - -Depreciation (1,354,825) (1,207,312) (638,698) (635,686)Carrying amount at end of year 49,556,213 48,263,470 35,623,121 34,993,805Plant and equipmentCarrying amount at beginning of year 5,562,303 5,781,348 4,418,417 4,640,044Additions 752,653 754,384 341,619 367,758Transfers 4,169 79,826 - 12,254Disposals (22,439) (72,172) - (60,212)Depreciation (1,034,426) (981,083) (585,086) (541,427)Carrying amount at end of year 5,262,260 5,562,303 4,174,950 4,418,417Plant and equipment under leaseCarrying amount at beginning of year 254,247 582,417 168,640 356,703Additions 113,095 - 113,095 -Transfers (4,167) (70,986) - (12,254)Disposals (15,127) (121,798) (15,127) (121,798)Depreciation (106,160) (135,386) (49,749) (54,011)Carrying amount at end of year 241,888 254,247 216,859 168,640Capital works in progressCarrying amount at beginning of year - - - -Additions 1,266,675 - 1,266,675 -Carrying amount at end of year 1,266,675 - 1,266,675 -31
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