Non-Financial Assets
|
2012
|
|
2011
|
|
$'000
|
|
$'000
|
Note 6A. Land and Buildings
|
|
|
|
|
|
|
|
Land:
|
|
|
|
Land at fair value
|
1,087
|
|
1,078
|
Total land
|
1,087
|
|
1,078
|
|
|
|
|
Buildings on freehold land:
|
|
|
|
Work in progress
|
7,520
|
|
22,752
|
Fair value
|
276,835
|
|
253,716
|
Accumulated depreciation
|
(31,256)
|
|
(14,336)
|
Total buildings on freehold land
|
253,099
|
|
262,132
|
|
|
|
|
Leasehold improvements:
|
|
|
|
Work in progress
|
4,038
|
|
80
|
Fair value
|
13,650
|
|
12,561
|
Accumulated depreciation
|
(2,490)
|
|
(606)
|
Total leasehold improvements
|
15,198
|
|
12,035
|
|
|
|
|
Total land and buildings
|
269,384
|
|
275,245
|
No indicators of impairment were found for land and buildings.
No land or buildings are expected to be sold or disposed of within the next 12 months.
Note 6B. Property Plant and Equipment
|
|
|
|
|
|
|
|
Other property, plant and equipment:
|
|
|
|
Work in progress
|
13,346
|
|
10,659
|
Fair value
|
135,357
|
|
123,274
|
Accumulated depreciation
|
(28,085)
|
|
(8,702)
|
Total other plant, property and equipment
|
120,618
|
|
125,231
|
Total property, plant and equipment
|
120,618
|
|
125,231
|
Plant and equipment under finance leases were subject to revaluation. The carrying amount of $6,790,000 (2011: $7,512,000) was included in the valuation figures above.
No indicators of impairment were found for property, plant and equipment.
No property, plant or equipment is expected to be sold or disposed of within the next 12 months.
Revaluations of non-financial assets
All revaluations were conducted in accordance with the revaluation policy stated at Note 1. On 30 June 2011, an independent valuer conducted the revaluations.
There were no revaluation increments for land (2011: $837,000).
There were no revaluation increments for buildings on freehold land (2011: increment of $31,071,000), leasehold improvements (2011: increment of $3,498,000) or plant and equipment (2011: increment of $10,137,000)
All increments and decrements were transferred to the asset revaluation surplus by asset class and included in the equity section of the balance sheet. No decrements were expensed (2011: nil).
|
2012
|
|
2011
|
|
$'000
|
|
$'000
|
Note 6C. Intangibles
|
|
|
|
|
|
|
|
Computer software:
|
|
|
|
Internally developed – in progress
|
8,882
|
|
4,742
|
Internally developed – in use
|
13,990
|
|
12,308
|
Purchased - in progress
|
1,409
|
|
740
|
Purchased - in use
|
13,003
|
|
12,664
|
Accumulated amortisation
|
(17,808)
|
|
(14,505)
|
Total computer software
|
19,476
|
|
15,949
|
|
|
|
|
Total intangibles
|
19,476
|
|
15,949
|
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