Berry Street Web Docs Financial Report 2010 | Page 23

BERRY STREET VICTORIA INC.
ABN 24 719 196 762

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010

2010

2009

$

$

NOTE 8: PROPERTY, PLANT AND EQUIPMENT
LAND AND BUILDINGS
Freehold land at fair value:
Independent valuation 2008
Total land

3,605,000
3,605,000

3,935,000
3,935,000

Buildings at fair value:
Independent valuation 2008
Less accumulated depreciation

5,491,399
(924,039)

5,416,379
(513,416)

Total buildings

4,567,360

4,902,963

Total land and buildings

8,172,360

8,837,963

PLANT AND EQUIPMENT
At cost
Less accumulated depreciation
Total plant and equipment

12,466,324
(4,488,165)
7,978,159

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

TOTAL PROPERTY, PLANT AND EQUIPMENT

16,150,519

16,339,688

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:

2010
Balance at the beginning of the year
Additions
Disposals
Revaluation increment
Depreciation expense
Carrying amount at end of year

2009
Balance at the beginning of the year
Additions
Disposals
Revaluation increment
Depreciation expense
Carrying amount at end of year

Land and
Buildings
$

Motor
Vehicles
$

8,837,963
424,022
(651,245)
(438,380)
8,172,360

6,295,830
4,448,951
(1,967,650)
(1,907,316)
6,869,815

Land and
Buildings
$

Motor
Vehicles
$

11,267,516
1,087,035
(3,103,473)
(413,115)
8,837,963
21

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

Furniture and
Equipment
$
1,205,895
652,668
(79,386)
(670,833)
1,108,344
Furniture and
Equipment
$
788,246
1,014,573
(43,906)
(553,018)
1,205,895

Total
$
16,339,688
5,525,641
(2,698,281)
(3,016,529)
16,150,519
Total
$
16,968,341
6,665,268
(4,939,932)
(2,353,989)
16,339,688