Berry Street Web Docs Financial Report 2012 | Page 20

BERRY STREET VICTORIA INC.
ABN 24 719 196 762

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2012

2012

2011

$

$

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

4,830,000
4,830,000

3,605,000
3,605,000

5,441,513
(1,580,418)

6,651,233
(1,414,555)

Total buildings

3,861,095

5,236,678

Total land and buildings

8,691,095

8,841,678

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

9,725,717
(6,001,162)
3,724,555

12,542,581
(5,398,159)
7,144,422

TOTAL PROPERTY, PLANT AND EQUIPMENT

12,415,650

15,986,100

Buildings at fair value:
Less accumulated depreciation

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:

2012
Balance at the beginning of the year
Additions
Disposals
Reclassification
Revaluation
Depreciation expense
Carrying amount at end of year

Land and
Buildings
$

Motor
Vehicles
$

8,841,678
241,650
(4,171)
319
197,012
(585,393)
8,691,095

6,164,824
208,925
(1,730,581)
(1,637,252)
3,005,916

19

Furniture and
Equipment
$
979,598
589,162
(319)
(849,802)
718,639

Total
$
15,986,100
1,039,737
(1,734,752)
197,012
(3,072,447)
12,415,650