2013 AnnuAl RepoRt - Australian Grand Prix

Notes to and Forming Part of the Financial Statementsfor the Financial Year Ended 30 June 20132013 20127. Other economic flows included in net result $000’s $000’s(a) Net FX gain/(loss) arising from financialinstruments (6,974) 1,454(b) Other gains/(losses)from other economic flowsNet gain/(loss) on sale of non-financial assets 184 (268)Total gains/losses from other economic flows (6,790) 1,1868. Infrastructure, Plant and Equipment(a) Classification by ‘Purpose Group’ – Carrying amount*Public Safety and EnvironmentFurniture and Equipment – at fair value 858 1,226Grand Prix infrastructure – at fair value 9,623 10,884Net carrying amount of infrastructureplant and equipment 10,481 12,110*Infrastructure, plant and equipment are classified primarily by the ‘purpose’ for which the assetsare used, according to one of six purpose groups based upon government purpose classifications(GPC). All assets within a purpose group are further sub categorised according to the asset’snature (i.e. buildings, plant and equipment, etc) with each sub category being classified as aseparate class for financial reporting purposes.(b) Gross carrying amount and accumulated depreciationGross carryingamount2013$’000’s2012$’000’sAccumulateddepreciation2013$’000’s2012$’000’sNet carryingamount2013$’000’s2012$’000’sFurniture andequipment at fair value 2,283 2,087 (1,425) (861) 858 1,226Grand Prixinfrastructure at fairvalue 13,374 12,954 (3,751) (2,070) 9,623 10,88415,657 15,041 (5,176) (2,931) 10,481 12,110Australian Grand Prix Corporation Annual Report 2013 4949