Financial Statements 2017
Toowoomba Regional Council
Notes to the Financial Statements
for the year ended 30 June 2017
Note 9. Capital Expenses
Notes 2017
$'000 2016
$'000
Proceeds from the Disposal of Property, Plant and Equipment
Less: Book Value of Property, Plant and Equipment Disposed 12 3,747
(3,990) 3,267
(3,408)
(b) Provision for restoration of land 17 2,611
108
12,185
(1,203) 8,558
261
-
-
(a) Loss on disposal of non-current assets
Loss on disposal of non-current assets
Discount Rate Adjustment - Refuse Restoration
Discount Rate Adjustment - Quarry Rehabilitation
Increase in Rehabilitation Provision - Refuse Restoration
Increase in Rehabilitation Provision - Quarry Rehabilitation
243
13,701
141
8,819
The discount rate adjustment to the quarry and refuse rehabilitation liability was
adjusted against expenses as there was an insufficient asset revaluation reserve
in the relevant asset class.
(c) Revaluation decrement
Downwards Revaluation of Property, Plant and Equipment
12
20,012
-
20,012 -
-
4,042
159
10,653
1,164
116
6 -
-
-
794
73
11
-
(d) Other capital expenses
Loss on Write-Off of Assets
Buildings
Plant and Equipment
Road and Bridge Network
Water
Sewerage
Drainage
TOTAL CAPITAL EXPENSES
16,140 878
50,096 9,838
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TOOWOOMBA REGIONAL COUNCIL I Annual Report 2016 - 2017