11. Property, Plant and Equipment
Land and
buildings
at cost Plant and
equipment
at cost Motor
Vehicles
at cost Total
$ $ $ $
Gross Carrying Amount
Balance at 1 January 2007 5,886,436 1,804,409 337,437 8,028,282
Additions 1,531,574 225,656 27,411 1,784,641
Disposals - - (64,047) (64,047)
Balance at 31 December 2007 7,418,010 2,030,065 300,801 9,748,876
Additions 2,018,351 150,085 104,751 2,273,187
Disposals - - (118,296) (118,296)
9,436,361 2,180,150 287,256 11,903,767
(1,515,855) (734,384) (150,264) (2,400,503)
- - 19,715 19,715
(336,893) (116,809) (34,579) (488,281)
(1,852,748) (851,193) (165,128) (2,869,069)
- - 36,110 36,110
(403,068) (118,616) (28,980) (550,664)
(2,255,816) (969,809) (157,998) (3,383,623)
As at 31 December 2007 5,565,262 1,178,872 135,673 6,879,807
As at 31 December 2008 7,180,545 1,210,341 129,258 8,520,144
Balance at 31 December 2008
Accumulated Depreciation
Balance at 1 January 2007
Disposals
Depreciation expense
Balance at 31 December 2007
Disposals
Depreciation expense
Balance at 31 December 2008
Net Book Value
Land and buildings includes buildings on leased property.
2008 2007
$ $
Aggregate depreciation allocated, whether recognised as an expense or
capitalised as part of the carrying amount of other assets during the year:
Land, buildings and improvements 403,068 336,893
Furniture and office equipment 118,616 116,809
28,980 34,579
550,664 488,281
Motor vehicles
The Centres Capital upgrade program which commenced in 2007 continued during 2008 and is reflected in the
additions to Property, Plant & Equipment. This program will continue during 2009.
Continues...
113th Annual Report 2008
31