National Archives of Australia - Annual reports

Note 6: Non-Financial Assets2011 2010$'000$'000Note 6A: Property, Plant and EquipmentHeritage and cultural:Archival records - fair value 1 394 178 1 383 319Accumulated depreciation ( 19 500) ( 9 434)Accumulated impairment losses ( 1 769) ( 28)Total heritage and cultural 1 372 909 1 373 857Other property, plant and equipment:Work in progress 1 215 21Fair value 26 413 24 770Accumulated depreciation ( 5 261) ( 70)Total other property, plant and equipment 22 367 24 721Total property, plant and equipment 1 395 276 1 398 578All revaluations are conducted in accordance with the revaluation policy stated at Note 1, however norevaluation of heritage and cultural assets or other property, plant and equipment assets were conducted atthe class level during 2010-11.Indicators of impairment were found for a number of items of property, plant and equipment. Impairmentlosses in relation to these items have been recognised, in the statement of comprehensive income or in theasset revaluation reserve, where they have previously been revalued.A number of items of other property, plant and equipment are expected to be sold or disposed of within thenext 12 months.80 Annual Reports 2010–11