ANNUAL REPORT - Northern Health
ANNUAL REPORT - Northern Health
ANNUAL REPORT - Northern Health
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Note 12: Property, Plant & Equipment (continued)<br />
Notes To and Forming Part of the Financial Statements<br />
<strong>Northern</strong> <strong>Health</strong> Annual Report 2009/2010<br />
Reconciliations of the carrying amounts of each class of asset for the consolidated entity at the beginning and end of the previous and current financial year is set out below.<br />
Land Buildings Plant & Medical Assets Under Computers & Furniture & Non Medical Motor Total<br />
Equipment Equipment Construction Communication Fittings Equipment Vehicles<br />
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000<br />
Balance at 1 July 2008 37,489 200,417 620 13,220 1,470 1,391 436 196 606 255,845<br />
Additions - - 407 2,907 9,634 1,754 117 830 221 15,870<br />
Classified as held for sale (1,420) (209) - - - - - - - (1,629)<br />
Revaluation increments/(decrements) (2,523) 28,305 - - - - - - - 25,782<br />
Net Transfers between classes (97) 3,475 31 (2,886) (570) (475) (37) 41 14 (504)<br />
Depreciation and Amortisation (note 4) - (5,508) (132) (2,159) - (931) (51) (82) (280) (9,143)<br />
Balance at 1 July 2009 33,449 226,480 926 11,082 10,534 1,739 465 985 561 286,221<br />
Additions - 2,025 423 1,303 21,720 355 191 73 - 26,090<br />
Disposals - - - - - - - - (16) (16)<br />
Net Transfers between classes - 27,965 17 238 (30,593) 1,069 1,158 141 - (5)<br />
Depreciation and Amortisation (note 4) - (15,724) (182) (2,204) - (1,038) (79) (145) (253) (19,625)<br />
Balance at 30 June 2010 33,449 240,746 1,184 10,419 1,661 2,125 1,735 1,054 292 292,665<br />
Land and buildings carried at valuation<br />
An independent valuation of the <strong>Health</strong> Service's property, was performed by the Valuer-General Victoria to determine the fair value of the land and buildings. The valuation, which conforms to<br />
Australian Valuation Standards, was determined by reference to the amounts for which assets could be exchanged between knowledgeable willing parties in an arm's length transaction. The valuation<br />
was based on independent assessments.<br />
The effective date of the valuation is 30 June 2009.<br />
Plant and all other equipment<br />
<br />
<strong>Northern</strong> <strong>Health</strong> Financial Report Appendix to the 2009 - 2010 Annual Report <br />
Page 31 of 52
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