Annual Report 2010–2011, Part 2: Financial (1.8 ... - Tourism Victoria
Annual Report 2010–2011, Part 2: Financial (1.8 ... - Tourism Victoria
Annual Report 2010–2011, Part 2: Financial (1.8 ... - Tourism Victoria
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Note 6. Property, plant and equipment<br />
2011 2010<br />
$ $<br />
Classification by purpose groups - carrying amounts<br />
Sub classification by nature<br />
Leasehold improvements<br />
Gross carrying amount 133,528 133,528<br />
less: accumulated depreciation (121,285) (105,844)<br />
Net carrying amount 12,243 27,685<br />
Plant, equipment and motor vehicles<br />
Gross carrying amount 308,376 327,385<br />
less: accumulated depreciation (177,402) (162,159)<br />
Net carrying amount 130,974 165,227<br />
Net carrying amount of property, plant and equipment 143,218 192,911<br />
(a) Property, plant and equipment are classified primarily by the ‘purpose’ for which the assets are used according to one of six ‘Purpose<br />
Groups’ based upon Government Purpose Classifications (GPCs). All assets within a ‘Purpose Group’ are further sub-categorised to the<br />
asset’s ‘nature’ (i.e. buildings, plant and equipment etc), with each sub-category being classified as a separate class of asset for financial<br />
reporting purposes. All <strong>Tourism</strong> <strong>Victoria</strong> assets are within the Public Safety and Environment purpose group.<br />
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