NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
Note 6: Non financial assets
|
Land at June 2000 valuation |
6,500 |
6,500 |
|
|
6,500 |
6,500 |
|
2002 $000 |
2001 $000 |
|||
|
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 |
|
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 Librarys 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.
|
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:
| 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 |
Inventories are categorised as follows:
|
Current |
406 |
449 |
|
|
Non-current |
313 |
332 |
|
|
719 |
781 |
|
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 Ministers 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.