Financial Statements 2017
Toowoomba Regional Council
Notes to the Financial Statements
for the year ended 30 June 2017
Note 18. Asset Revaluation Reserve
Notes
2017
$'000 2016
$'000
1,776,784 1,702,933
Movements in the asset revaluation reserve:
Balance at beginning of financial year
Net adjustment to non-current assets at end of period to reflect a
change in current fair value:
Land
Site Improvements
Buildings
Road and Bridge Network
Water Infrastructure
Wastewater Infrastructure
Drainage
Aerodrome Infrastructure
Heritage Assets
12
10,007
(4,126)
(50,898)
65,294
22,382
5,998
(38,738)
376
347
10,642
10,677
4,032
11,084
20,050
34,403
5,823
8,997
-
-
95,066
Other movements:
Correction of Prior Period Errors
Balance at end of financial year
24
-
-
(21,215)
(21,215)
1,787,426 1,776,784
Land
Site Improvements
Buildings
Road and Bridge Network
Water Infrastructure
Wastewater Infrastructure
Drainage
Aerodrome Infrastructure
Heritage Assets 53,822
-
62,925
1,081,202
360,394
141,353
74,649
376
12,705 43,815
4,126
113,824
1,015,907
338,013
135,355
113,386
-
12,358
Balance at end of financial year 1,787,426 1,776,784
Asset revaluation reserve analysis
The closing balance of the Asset Revaluation Reserve comprises the following
asset categories:
page 36
74
TOOWOOMBA REGIONAL COUNCIL I Annual Report 2016 - 2017