Berry Street Web Docs Financial Report 2013 | Page 19

BERRY STREET VICTORIA INC.
ABN 24 719 196 762

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013

2013

2012

$

$

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

5,897,300
5,897,300

4,830,000
4,830,000

8,068,270
(2,119,832)

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

5,948,438

3,861,095

Total land and buildings

11,845,738

8,691,095

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

7,127,386
(4,958,602)
2,168,784

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

TOTAL PROPERTY, PLANT AND EQUIPMENT

14,014,522

12,415,650

Buildings at fair value:
Less accumulated depreciation
Total buildings

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
$
2013
Balance at the beginning of the year
Additions
Disposals
Reclassification
Revaluation
Depreciation expense
Carrying amount at end of year

8,691,095
3,735,885
2,233
(5,000)
(578,475)
11,845,738

18

Motor
Vehicles
$
3,005,916
842,403
(1,660,204)
(826,466)
1,361,649

Furniture and
Equipment
$
718,639
700,917
(2,233)
(610,188)
807,135

Total
$
12,415,650
5,279,205
(1,660,204)
(5,000)
(2,015,129)
14,014,522