Indigenous Land Corporation gpo box 652 Adelaide sa 5001

Movement in asset revaluation reserve

As a result of disposal
Commercial Business assets
Decrement for buildings and structures	(2)	–	(2)	–
Decrement for plant and equipment	(12)	(13)	(11)	(13)
Decrement for motor vehicles	(69)	(27)	(65)	(27)
	(83)	(40)	(78)	(40)
As a result of revaluation
Administration assets
Increment furniture and fittings	8	–	8	–
Increment office fitout	50	122	50	122
Commercial Business assets
Increment (decrement) for buildings and structures	(825)	1,537	(825)	1,537
Increment for plant and equipment	83	1,134	83	1,134
Increment for motor vehicles	351	812	351	812
Increment for furniture and fittings	28	–	28	–
	(305)	3,605	(305)	3,605
	(388)	3,565	(383)	3,565

10H. Reconciliation of the opening and closing balances of Property, plant and equipment (consolidated)

	COMMERCIAL BUSINESS ASSETS	ADMINISTRATION ASSETS
Item	Building & Infrastructure Improvements	Plant and Equipment	Furniture & Fittings	Motor Vehicles	Office Equipment	Furniture & Fittings	Computer Systems	Leasehold Improvements	Total
	$,000	$,000	$,000	$,000	$,000	$,000	$,000	$,000	$,000
As at 1 July 2013
Gross book value	318,372	22,691	28,662	5,366	331	2,737	1,359	1,234	380,752
Accumulated depreciation	(31,427)	(2,377)	(4,849)	(493)	(226)	(625)	(934)	(28)	(40,959)
Accumulated impairment	(42,600)	(3,031)	(4,647)	(268)	(6)	(414)	–	(31)	(50,997)
Opening net book value	244,345	17,283	19,166	4,605	99	1,698	425	1,175	288,796
Additions:
By purchase	2,245	1,867	1,628	2,037	40	45	766	13	8,641
Net revaluation increment (decrement)	(829)	83	28	351	(5)	(6)	(14)	52	(340)
Depreciation/amortisation	(9,933)	(2,447)	(3,601)	(1,181)	(30)	(12)	(265)	(145)	(17,614)
Impairment	(5,180)	(357)	(556)	(78)	(1)	–	(1)	–	(6,173)
Reclassification	–	–	–	(439)	–	–	–	–	(439)
Disposals:
Other	(17)	(49)	(40)	(284)	–	–	(1)	–	(391)
Closing net book value	230,631	16,380	16,625	5,011	103	1,725	910	1,095	272,480
Net book value as at 30 June 2014 represented by:
Gross book value	314,130	23,326	29,668	5,941	126	2,656	921	1,139	377,907
Accumulated depreciation	(35,718)	(3,565)	(7,839)	(584)	(16)	(517)	(10)	(13)	(48,262)
Accumulated impairment	(47,781)	(3,381)	(5,204)	(346)	(7)	(414)	(1)	(31)	(57,165)
Closing net book value	230,631	16,380	16,625	5,011	103	1,725	910	1,095	272,480

10I. Reconciliation of the opening and closing balances of Property, plant and equipment (consolidated)

	COMMERCIAL BUSINESS ASSETS	ADMINISTRATION ASSETS
Item	Building & Infrastructure Improvements	Plant and Equipment	Furniture & Fittings	Motor Vehicles	Office Equipment	Furniture & Fittings	Computer Systems	Leasehold Improvements	Total
	$,000	$,000	$,000	$,000	$,000	$,000	$,000	$,000	$,000
As at 1 July 2012
Gross book value	308,021	16,885	19,562	6,718	326	962	2,206	1,867	356,547
Accumulated depreciation	(21,519)	(4,687)	(2,300)	(2,296)	(188)	(189)	(872)	(641)	(32,692)
Accumulated impairment	(4,167)	–	–	–	–	–	–	–	(4,167)
Opening net book value	282,335	12,198	17,262	4,422	138	773	1,334	1,226	319,688
Additions:
By purchase	8,996	8,679	9,391	655	15	1,775	–	23	29,534
Net revaluation increment	1,537	1,134	–	812	–	–	–	122	3,605
Depreciation/amortisation	(9,986)	(2,146)	(2,661)	(875)	(46)	(436)	(223)	(165)	(16,538)
Impairment	(38,433)	(3,031)	(4,647)	(268)	(6)	(414)	–	(31)	(46,830)
Reclassification	–	670	–	–	–	–	(670)	–	–
Disposals:
Other	(104)	(221)	(179)	(141)	(2)	–	(16)	–	(663)
Closing net book value	244,345	17,283	19,166	4,605	99	1,698	425	1,175	288,796
Net book value as at 30 June 2014 represented by:
Gross book value	318,372	22,691	28,662	5,366	331	2,737	1,359	1,234	380,752
Accumulated depreciation	(31,427)	(2,377)	(4,849)	(493)	(226)	(625)	(934)	(28)	(40,959)
Accumulated impairment	(42,600)	(3,031)	(4,647)	(268)	(6)	(414)	–	(31)	(50,997)
Closing net book value	244,345	17,283	19,166	4,605	99	1,698	425	1,175	288,796

10J. Reconciliation of the opening and closing balances of Property, plant and equipment (ILC)