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Annual Financial Statements for year ended 30 June 2012
48
Buildings
Building Assets
2011-2012
$
2010-2011
$
Buildings at valuation (a)
247,465,040
236,895,767
Accumulated depreciation
(80,233,764)
(79,401,385)
Book value June 30
167,231,276
157,494,382
Buildings - Change in book value
2011-2012
$
2010-2011
$
Opening written down balance July 1
157,494,382
148,549,779
Acquisitions for the year
7,728,903
7,135,290
Disposals at revalued amount
(1,497,569)
(1,025,653)
Depreciation for the year
(3,983,669)
(3,912,896)
Revaluations (a)
7,489,229
6,747,862
Closing Balance June 30
167,231,276
157,494,382
(a) In respect to buildings under the care and control of the City of Port Adelaide Enfield,
revaluation was undertaken by Louis Mapanzure, BEng MBA, MRICS, AAPI, Certified Practicing
Valuer. Valuations were made on the basis of written down replacement cost as at 30 June 2012.
Infrastructure
Infrastructure Assets
2011-2012
$
2010-2011
$
Infrastructure at valuation (a) (b)
1,140,344,222
1,128,115,875
Accumulated depreciation
(481,805,240)
(517,708,622)
Book value June 30
658,538,982
610,407,253
Infrastructure - change in book value
2011-2012
$
2010-2011
$
Opening written down balance July 1
610,407,253
544,410,379
Acquisitions for the year
25,951,361
20,251,684
Depreciation for the year
(16,558,654)
(15,695,792)
Revaluations (a)
38,739,022
61,440,982
Closing balance June 30
658,538,982
610,407,253
(a) In respect to infrastructure under the care and control of the City of Port Adelaide Enfield,
revaluation was undertaken by Louis Mapanzure, BEng MBA, MRICS, AAPI, Certified Practicing
Valuer. Valuations were made on the basis of written down replacement cost as at 30 June 2012.
(b) In respect to infrastructure under the care and control of the City of Port Adelaide Enfield,
infrastructure assets received free of charge totalling $13,003,928 (2010-2011 : $7,661,060) were
brought to account as at 30 June 2012 at a valuation consistent with other infrastructure valuations
as determined by the Director Technical Services.
Equipment
Equipment Assets
2011-2012
$
2010-2011
$
Equipment at cost
18,389,017
17,019,590
Accumulated depreciation
(8,876,002)
(7,297,109)
Book value June 30
9,513,015
9,722,481
Equipment - Change in Book Value
2011-2012
$
2010-2011
$
Opening written down balance July 1
9,722,481
9,258,027
Acquisitions for the year
2,234,860
3,203,227
Disposals at book value for the year
(865,433)
(1,228,259)
Depreciation for the year
(1,578,893)
(1,510,514)
Closing balance June 30
9,513,015
9,722,481
Notes to the Financial Statements