Parks Victoria - Annual Report 2009-10

NOTES TO THE FINANCIAL STATEMENTSFor The Financial Year Ended 30 June 201017 Inventories – currentStock on Hand (at cost) 138 142Total Inventories 138 1422010$’0002009$’00018 Property, Plant and Equipment – Non-current18a Classification by Public Safety and Environment – carrying amountsCrown Land, Land and Land ImprovementsCrown Land, Land and Land Improvements 1,275,379 1,036,702Less: accumulated depreciation (7,276) (5,458)Net Crown Land, Land and Land Improvements at fair value 1,268,103 1,031,244Buildings and Building ImprovementsBuildings and Building Improvements 97,403 94,397Less: accumulated depreciation (3,963) (2,044)Net Buildings and Building Improvements at fair value 93,440 92,353Plant, Equipment, Machinery and VehiclesPlant, Equipment, Machinery and Vehicles 7,627 7,718Less: accumulated depreciation (5,920) (5,854)Net Plant, Equipment, Machinery and Vehicles at fair value 1,707 1,864Piers, Jetties and River ImprovementsPiers, Jetties and River Improvements 78,040 76,340Less: accumulated depreciation (4,572) (3,231)Net Piers, Jetties and River Improvements at fair value 73,468 73,109AntiquesAt fair value 1,268 1,268Closing Balance – Antiques 1,268 1,268Works in ProgressAt cost 17,660 7,505Closing Balance – Works in Progress 17,660 7,505Net carrying amount of Property, Plant and Equipment 1,455,646 1,207,343Parks Victoria - Annual Report 2009-10 77