Year 2001 - University of Canberra

UNIVERSITY OF CANBERRA ANNUAL REPORT 2001
66
Notes to and forming part of the Financial Statements
for the year ended 31 December 2001 (continued)
NOTE 6: PROPERTY, PLANT AND EQUIPMENT (CONTINUED)
(g) Analysis of Property, Plant and Equipment: (continued)
Table 1: Movement summary 2001 for all assets irrespective of valuation basis (continued)
Works of Art
The transactions and balance totals for the reporting year were:
ACCUMULATED
DEPRECIATION NET
WORKS OF ART WORKS OF ART WORKS OF ART
2001 2000 2001 2000 2001 2000
$’000 $’000 $’000 $’000 $’000 $’000
UNIVERSITY
Balance at beginning of year 628 580 – – 628 580
Asset Revaluation 680 – – – 680 –
Additions during year 63 51 – – 63 51
1,371 631 – – 1,371 631
Reductions during year (11) (3) – – (11) (3)
Balance at end of year 1,360 628 – – 1,360 628