National Library of Australia
Annual Report 2001-2002
 Note 5: Financial Assets
Note 7: Provisions
Contents
Director General's Review
Corporate Overview
Report on Operations
Financial Statements
Appendices
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Financial Statements

Note 6: Non Financial Assets

 

 

 

2002

$’000

2001

$’000

6A. - Land and Building

Land – at June 2000 valuation

6,500

6,500

 

6,500

6,500

 
Building - at June 2000 valuation
171,000
171,000
Accumulated depreciation
(48,724)
(46,362)
 
122,276
124,638
 
Building improvements - at cost
3,879
694
Accumulated depreciation
(64)
(15)
 
3,815
679
 
Building improvements – work in progress
614
1,386
     
Leasehold improvements - at cost
88
88
Accumulated amortisation
(73)
(68)
 
15
20
 
Total building
126,720
126,723
Total land and building
133,220
133,223

6B - Plant and Equipment

Plant and equipment - at June 1999 valuation

-

6,405

Plant and equipment - at June 2002 valuation

20,058

-

Accumulated depreciation

(9,157)

(1,379)

 

10,901

5,026

     
Plant and equipment - at cost
-
2,489
Accumulated depreciation
-
(210)
 
-
2,279
 
Total plant and equipment
10,901
7,305

The Library’s plant and equipment was valued as at 30 June 2002 in accordance with the policy stated at Note 1.  The Australian Valuation Office completed the valuation and the officer responsible for the valuation project was Mr T. Noble AAPI, Grad Cert P & E, BBus (prop).  The plant and equipment was valued at $10,901,000 and a revaluation increment of $2,092,000 was made to the asset revaluation reserve.

6C - National Collection

National Collection - at June 2001 valuation

1,519,671

1,519,672

Accumulated depreciation

(4,962)

-

 

1,514,709

1,519,672

     
National Collection - at cost
5,358
-
Accumulated depreciation
(31)
-
 
5,327
-
 
Total National Collection
1,520,036
1,519,672

Note 6D - Analysis of property, plant and equipment and intangibles

Table A - Movement summary 2001-02 for all assets irrespective of valuation basis

Item

Land

$’000

Buildings

$’000

Total land and buildings

$’000

National Collection

$’000

Infrastructure, plant and equipment

$’000

Computer Software – Total intangibles

$’000

TOTAL

$’000

Gross Value as at 1 July 2001

6,500

173,168

179,668

1,519,671

8,895

6,353

1,714,587

Additions – Purchase of Assets

2,413

2,413

5,358

2,704

638

11,113

Revaluations: write-ups/(write-downs)

-

-

-

8,528

-

8,528

Write-offs

-

-

-

(30)

(49)

(79)

Disposals

-

-

-

(38)

-

(38)

Gross value as at 30 June 2002

6,500

175,581

182,081

1,525,029

20,059

6,942

1,734,111

Accumulated depreciation / amortisation as at 1 July 2001

n/a

46,445

46,445

-

1,589

2,918

50,952

Disposals

n/a

-

-

(25)

-

(25)

Depreciation / amortisation charge for the year

n/a

2,416

2,416

4,993

1,169

919

9,497

Revaluations: (write-ups)/write-downs

n/a

-

-

6,436

-

6,436

Write-offs

n/a

-

-

(11)

(49)

(60)

Accumulated depreciation/ amortisation as at 30 June 2002

n/a

48,861

48,861

4,993

9,158

3,788

66,800

Net book value at 30 June 2002

6,500

126,720

133,220

1,520,036

10,901

3,154

1,667,311

Net book value at 1 July 2001

6,500

126,723

133,223

1,519,672

7,305

3,435

1,663,635

Net revaluation increments in the above table comprises:

  • For Plant and Equipment – a net increment of $2.092m

Table B - Summary of balances of assets at valuation as at 30 June 2002

Item

Land

$’000

Buildings

$’000

Total land and buildings

$’000

National Collections

$’000

Infrastructure, plant and equipment

$’000

Computer Software – Total intangibles

$’000

Total

$’000

As at 30 June 2002

Gross Value

6,500

171,000

177,500

1,519,671

20,058

-

1,717,229

Accumulated depreciation/amortisation

n/a

(48,724)

(48,724)

(4,962)

(9,157)

-

(62,843)

Net book value

6,500

122,276

128,776

1,514,709

10,901

-

1,654,386

As at 30 June 2001

Gross Value

6,500

171,000

177,500

1,519,671

6,405

-

1,703,577

Accumulated depreciation/amortisation

n/a

(46,362)

(46,362)

-

(1,379)

-

(47,741)

Net book value

6,500

124,638

131,138

1,519,671

5,026

-

1,655,836

Table C - Summary of assets under construction as at 30 June 2002

Item

Land

$’000

Buildings

$’000

Total land and buildings

$’000

National Collections

$’000

Infrastructure, plant and equipment

$’000

Computer Software – Total intangibles

$’000

Total

$’000

As at 30 June 2002

Gross Value

-

614

614

-

-

-

614

Accumulated depreciation/amortisation

-

-

-

-

-

-

-

Net book value

-

614

614

-

-

-

614

As at 30 June 2001

Gross Value

-

1,386

1,386

-

-

-

1,386

Accumulated depreciation/amortisation

-

-

-

-

-

-

-

Net book value

-

1,386

1,386

-

-

-

1,386

 

2002

$’000

2001

$’000


Note 6E - Inventories    

Inventories held for sale (at cost)

390

437

Inventories held for sale (at realisable value)

160

182

Work in progress (at cost)

106

110

Inventories held for sale

656

729

     

Inventories not held for sale (at cost)

63

52

Total

719

781

Inventories are categorised as follows:

Current

406

449

Non-current

313

332

 

719

781

Note 6F - Intangibles

Computer software – internally developed

75

-

Computer software – internally developed – in progress

338

-

Computer software – purchased

6,529

6,353

Accumulated amortisation

(3,788)

(2,918)

Total

3,154

3,435

Note 6G - Other Non-Financial Assets

Prepayments

1,870

1,594

Note 6H - Special Categories of Assets

The National Library building and land are categorised as restricted assets in accordance with the Finance Minister’s Orders made under the Commonwealth Authorities and Companies Act 1997.  Restricted assets include those assets, which cannot be redeployed or disposed because of legal or government policy constraints. Specifically, the Library does not have the power to dispose of either the Library building or land upon which it stands.  The value of the building and land is fully disclosed in Note 6A.

 

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