geoff hawkings - Waiariki Institute of Technology

note 11: Property, Plant and equipment
50 58 2006 ANNUAL REPORT
Cost or Accumulated Net Book
Cost Valuation Valuation Depreciation Value
2006 $000s $000s $000s $000s $000s
Equipment and Computers 1,964 3,591 5,555 3,027 2,528
Plant and Machinery 116 2,789 2,905 787 2,118
Furniture and Fittings 234 1,875 2,109 653 1,456
Motor Vehicles 299 394 693 285 408
Library 3,206 3,206 2,618 588
Institute Owned Buildings 6 16,505 16,511 74 16,437
Crown Owned Buildings 10,306 10,306 46 10,260
Crown Owned Land and Land Improvements 3,528 3,528 3,528
Institute Owned Land and Land Improvements 121 121 121
Work in Progress 214 214 214
TOTAL 6,039 39,109 45,148 7,490 37,658
Cost or Accumulated Net Book
Cost Valuation Valuation Depreciation Value
2005 $000s $000s $000s $000s $000s
Equipment and Computers 1,468 3,591 5,059 2,083 2,976
Plant and Machinery 105 2,789 2,894 547 2,347
Furniture and Fittings 184 1,875 2,059 445 1,614
Motor Vehicles 96 394 490 157 333
Library 2,902 2,902 2,359 543
Institute Owned Buildings 2,409 10,300 12,709 889 11,820
Crown Owned Buildings 7,774 7,774 701 7,073
Crown Owned Land and Land Improvements 2,732 2,732 2,732
Institute Owned Land and Land Improvements 19 100 119 119
Work in Progress 214 214 214
TOTAL 7,397 29,555 36,952 7,181 29,771
note 12: course and Degree Development costs
Development costs relate to costs of setting up a new course. Movements in the balance of unamortised
development costs were as follows:
2006 2005
$000s $000s
Opening Balance 19 17
Plus: Costs Capitalised 40 26
Less: Costs Expensed (15) (24)
TOTAL 44 19