Berry Street Web Docs Financial Report 2009 | Page 17

BERRY STREET VICTORIA INC.
ABN 24 719 196 762

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2009

2009

2008

$

$

NOTE 9: PROPERTY, PLANT AND EQUIPMENT
LAND AND BUILDINGS
Freehold land at:
At fair value
Total land

3,935,000
3,935,000

5,285,000
5,285,000

Buildings:
At fair value
Less accumulated depreciation

5,416,379
(513,416)

6,153,198
(170,682)

Total buildings

4,902,963

5,982,516

Total land and buildings

8,837,963

11,267,516

FURNITURE, FITTINGS AND MOTOR VEHICLES
At cost
Less accumulated depreciation
Total furniture, equipment & motor vehicles

11,014,190
(3,512,465)
7,501,725

8,669,228
(2,968,403)
5,700,825

TOTAL PROPERTY, PLANT AND EQUIPMENT

16,339,688

16,968,341

Movements in Carrying Amounts
Movement in the carrying amounts for each class of property, plant and equipment between the beginning
and the end of the current financial year:
Land and
Buildings
$
2009
Balance at the beginning of the year
Additions
Disposals
Revaluation Increment
Depreciation expense
Carrying amount at end of year

11,267,516
1,087,035
(3,103,473)
(413,115)
8,837,963
Land and
Buildings
$

Motor
Vehicles
$
4,912,579
4,563,660
(1,792,553)
(1,387,856)
6,295,830
Motor
Vehicles
$

Furniture and
Equipment
$
788,246
1,014,573
(43,906)
(553,018)
1,205,895
Furniture and
Equipment
$

Total
$
16,968,341
6,665,268
(4,939,932)
(2,353,989)
16,339,688
Total
$

2008
Balance at the beginning of the year
Additions
Disposals
Revaluation Increment
Depreciation expense
Carrying amount at end of year

8,484,113
515,485
2,543,183
(275,265)
11,267,516
15

4,823,656
2,248,522
(962,413)
(1,197,186)
4,912,579

744,169
381,513
(7,976)
(329,460)
788,246

14,051,938
3,145,520
(970,389)
2,543,183
(1,801,911)
16,968,341