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Annual Financial Statements for year ended 30 June 2012
49
Furniture & Fittings
Furniture & Fittings Assets
2011-2012
$
2010-2011
$
Furniture & fittings at cost
8,550,773
8,206,841
Accumulated depreciation
(7,390,687)
(7,126,274)
Book value June 30
1,160,086
1,080,567
Furniture & Fittings Change in Book Value
2011-2012
$
2010-2011
$
Opening written down balance July 1
1,080,567
1,586,247
Acquisitions for the year
344,420
76,100
Disposals for the year at book value
(488)
0
Depreciation for the year
(264,413)
(581,780)
Closing balance June 30
1,160,086
1,080,567
Total Infrastructure, Property, Plant & Equipment
Total Infrastructure, Property, Plant & Equipment
2011-2012
$
2010-2011
$
Infrastructure, Property, Plant &
Equipment at cost
60,620,054
52,613,406
Infrastructure, Property, Plant &
Equipment at valuation
1,755,091,972
1,682,974,316
Accumulated depreciation
(633,919,019)
(611,533,390)
Book value June 30
1,181,793,007
1,124,054,331
Infrastructure, Property, Plant & Equipment –
Change in Book Value
2011-2012
$
2010-2011
$
Opening written down balance July 1
1,124,054,331
1,049,154,080
Acquisitions for the year
36,259,544
30,666,301
Disposals at book value
(865,921)
(1,228,259)
Disposals at revalued amount
(1,497,569)
(1,025,653)
Depreciation for the year
(22,385,629)
(21,700,982)
Revaluations
46,228,251
68,188,844
Closing balance June 30
1,181,793,007
1,124,054,331
18. Non-current Assets – Other
Library Bookstock
Other Assets
2011-2012
$
2010-2011
$
Library book stock at cost
1,926,046
1,293,598
Library book stock at valuation (a)
6,979,910
6,979,910
Accumulated depreciation
(5,223,827)
(3,906,667)
Book value June 30
3,682,128
4,366,841
Other Assets – Change in Book Value
2011-2012
$
2010-2011
$
Opening written down balance July 1
4,366,841
4,935,393
Acquisitions for the year
632,447
644,721
Depreciation for the year
(1,317,160)
(1,213,273)
Revaluations
0
0
Closing balance June 30
3,682,128
4,366,841
(a) In respect to library bookstock under the care and control of the City of Port Adelaide Enfield,
revaluation was undertaken by Andrea Carolan, B App Sc PRM, AAPI, Certified Practicing Valuer.
Valuations were made on the basis of written down replacement cost as at 30 June 2010
Notes to the Financial Statements