Endeavour Energy Annual Performance Report - Parliament of New ...

09
Financial
statements
Notes to the Financial Statements
For the year ended 30 June 2011
12 property Plant and Equipment
System
assets
$’000
Land &
buildings
$’000
Plant &
equipment
$’000
Under
construction
$’000
Total
$’000
Gross carrying amount
Balance at 1 July 2009 7,288,430 396,594 232,033 377,034 8,294,091
Transfer opening balance to intangible assets – – – (15,956) (15,956)
Additions 286,938 24,142 19,244 403,047 733,371
Disposals (2,170) (557) (8,304) – (11,031)
Transfers – – – (286,158) (286,158)
Transfer to assets held for sale – (4,800) – – (4,800)
Revaluation 678,075 (47,238) – – 630,837
Balance at 30 June 2010 8,251,273 368,141 242,973 477,967 9,340,354
Balance at 1 July 2010 8,251,273 368,141 242,973 477,967 9,340,354
Additions 382,979 14,600 20,090 470,854 888,523
Disposals (3,459) (158) (12,735) – (16,352)
Transfers – – – (355,250) (355,250)
Revaluation 4,219,869 871 – – 4,220,740
Balance at 30 June 2011 12,850,662 383,454 250,328 593,571 14,078,015
Depreciation
Balance at 1 July 2009 3,111,016 274 120,517 – 3,231,807
Depreciation for the year 106,780 3,036 23,386 – 133,202
Disposals (414) (1) (5,808) – (6,223)
Revaluation 11,523 (2,999) – – 8,524
Balance at 30 June 2010 3,228,905 310 138,095 – 3,367,310
Balance at 1 July 2010 3,228,905 310 138,095 – 3,367,310
Depreciation for the year 122,337 3,375 21,687 – 147,399
Disposals (903) – (9,374) – (10,277)
Revaluation 2,976,870 (1,001) – – 2,975,869
Balance at 30 June 2011 6,327,209 2,684 150,408 – 6,480,301
Impairment losses
Balance at 1 July 2009 1,392,794 – – – 1,392,794
Additional impairment recognised during the year 304,517 – – – 304,517
Balance at 30 June 2010 1,697,311 – – – 1,697,311
Balance at 1 July 2010 1,697,311 – – – 1,697,311
Additional impairment recognised during the year 1,188,462 – – – 1,188,462
Balance at 30 June 2011 2,885,773 – – – 2,885,773
72