Department of Transport Annual Report 2010 - 2011

21. Property, plant, equipment, vehicles and vessels
2011
68
Cost/ Fair
value
$ 000
Accumulated
depreciation
$ 000
Carrying
Amount
$ 000
At fair value:
Land 123 557 - 123 557
Buildings 17 766 - 17 766
141 323 - 141 323
At cost:
Refurbishments, furniture and fittings 10 857 4 351 6 506
Plant and equipment 7 214 4 604 2 610
Computer hardware 3 268 1 978 1 290
Vehicles 862 740 122
Leased plant, equipment and vehicles 58 17 41
Vessels 1 999 915 1 084
24 258 12 605 11 653
Total 165 581 12 605 152 976
2010
Cost/ Fair
value
$ 000
Accumulated
depreciation
$ 000
Carrying
Amount
$ 000
At fair value:
Land 120 504 - 120 504
Buildings 16 540 - 16 540
137 044 - 137 044
At cost:
Refurbishments, furniture and fittings 10 155 2 987 7 168
Plant and equipment 6 613 4 657 1 956
Computer hardware 2 965 1 436 1 529
Vehicles 189 181 8
Leased plant, equipment and vehicles - - -
Vessels 1 556 764 792
21 478 10 025 11 453
Total 158 522 10 025 148 497
Freehold land and buildings were revalued as at 1 July 2010 by the Western Australian Land Information
Authority (Valuation Services). The valuations were performed during the year ended 30 June 2011 and
recognised at 30 June 2011. In undertaking the revaluation, fair value was determined by reference to
market values for land: $ 13,696,000 and buildings: $ 2,436,000. For the remaining balance, fair value of
land was determined on the basis of current use for land: $ 109,861,000 and depreciated replacement
cost for buildings: $ 15,330,000 See note 2(f) Property, plant and equipment and infrastructure.