Notes to the financial statements
Note 20:Land and buildings, plant, equipmentand infrastructure, heritage and cultural assets and investment properties
General Government / Australian Government2012 / 2011 / 2012 / 2011
$m / $m / $m / $m
LAND AND BUILDINGS
Land
Land - at cost / 1 / 2 / 212 / 206
Land - at valuation(a) / 8,647 / 8,686 / 8,943 / 8,986
Total land / 8,648 / 8,688 / 9,155 / 9,192
Buildings
Buildings - at cost / 2,499 / 2,387 / 4,659 / 4,442
Accumulated depreciation / (226) / (205) / (1,107) / (1,052)
2,273 / 2,182 / 3,552 / 3,390
Buildings - at valuation(a) / 24,052 / 22,970 / 24,915 / 23,775
Accumulated depreciation / (2,993) / (2,704) / (3,022) / (2,716)
21,059 / 20,266 / 21,893 / 21,059
Total buildings / 23,332 / 22,448 / 25,445 / 24,449
Total land and buildings / 31,980 / 31,136 / 34,600 / 33,641
PLANT, EQUIPMENT AND INFRASTRUCTURE
Specialist military equipment
Specialist military equipment - at cost / 74,915 / 72,848 / 74,915 / 72,848
Accumulated depreciation / (34,587) / (34,210) / (34,587) / (34,210)
40,328 / 38,638 / 40,328 / 38,638
Total specialist military equipment / 40,328 / 38,638 / 40,328 / 38,638
Other plant, equipment and infrastructure
Other plant, equipment and infrastructure - at cost / 1,263 / 1,496 / 4,982 / 4,355
Accumulated depreciation / (83) / (142) / (1,219) / (1,189)
1,180 / 1,354 / 3,763 / 3,166
Other plant, equipment and infrastructure - at
valuation(a) / 14,266 / 13,553 / 19,380 / 18,159
Accumulated depreciation / (2,912) / (2,990) / (4,484) / (4,134)
11,354 / 10,563 / 14,896 / 14,025
Total other plant, equipment and infrastructure / 12,534 / 11,917 / 18,659 / 17,191
Total plant, equipment and infrastructure / 52,862 / 50,555 / 58,987 / 55,829
(a)Refer Note 1.16for details regarding the valuation methodologies adopted. The reporting periods in which these assets were revalued are detailed in Note 20, Table D.
Note 20:Land and buildings, plant, equipmentand infrastructure, heritage and cultural assets and investment properties(continued)
General Government / Australian Government2012 / 2011 / 2012 / 2011
$m / $m / $m / $m
HERITAGE AND CULTURAL ASSETS
Heritage and cultural assets
Heritage and cultural assets - at cost / 55 / 168 / 55 / 168
Accumulated depreciation / (53) / (168) / (53) / (168)
2 / - / 2 / -
Heritage and cultural assets - at valuation(a) / 10,446 / 9,848 / 10,446 / 9,848
Accumulated depreciation / (15) / (102) / (15) / (102)
10,431 / 9,746 / 10,431 / 9,746
Total heritage and cultural assets / 10,433 / 9,746 / 10,433 / 9,746
INVESTMENT PROPERTY
Investment property
Investment property - at valuation(a) / 181 / 472 / 377 / 655
Accumulated depreciation / - / - / - / -
Total investment property / 181 / 472 / 377 / 655
Total land and buildings, plant, equipment
and infrastructure, heritage and cultural
assets and investment property / 95,456 / 91,909 / 104,397 / 99,871
(a)Refer Note 1.16 for details regarding the valuation methodologies adopted. The reporting periods in which these assets were revalued are detailed in Note 20, Table D.
1
Note 20:Land and buildings, plant, equipmentand infrastructure, heritage and cultural assets and investment properties(continued)
A:Reconciliation of movement in land and buildings, plant equipment and infrastructure, heritage and cultural assets and investment properties(a)
Australian Government / HeritageTotal land / Specialist / Other plant, / Total plant, / and
and / military / equipment and / equipment and / cultural / Investment
Land / Buildings / buildings / equipment / infrastructure / infrastructure / assets / property / Total
Item / $m / $m / $m / $m / $m / $m / $m / $m / $m
As at 1 July 2011
Gross book value / 9,192 / 28,217 / 37,409 / 72,848 / 22,514 / 95,362 / 10,016 / 655 / 143,442
Accumulated depreciation / - / (3,768) / (3,768) / (34,210) / (5,323) / (39,533) / (270) / - / (43,571)
Net book value / 9,192 / 24,449 / 33,641 / 38,638 / 17,191 / 55,829 / 9,746 / 655 / 99,871
Additions:
Purchase of new or secondhand
assets / 137 / 2,268 / 2,405 / 4,165 / 3,551 / 7,716 / 55 / 8 / 10,184
Acquisition by finance lease / - / - / - / - / 16 / 16 / - / - / 16
Entity acquisitions / - / - / - / - / - / - / - / - / -
Revaluations: write-ups/(write-downs) / 36 / 237 / 273 / - / (84) / (84) / 694 / 4 / 887
Reclassification / (76) / (93) / (169) / (71) / 113 / 42 / (6) / (116) / (249)
Depreciation/amortisation expense / - / (1,365) / (1,365) / (2,546) / (1,676) / (4,222) / (51) / - / (5,638)
Recoverable amount write-downs / (17) / (85) / (102) / (457) / (406) / (863) / (6) / (15) / (986)
Reversal of write-downs / - / - / - / - / - / - / - / - / -
Other movements / (38) / 62 / 24 / 600 / 20 / 620 / 3 / (1) / 646
Disposals / (79) / (28) / (107) / (1) / (66) / (67) / (2) / (158) / (334)
As at 30 June 2012 / 9,155 / 25,445 / 34,600 / 40,328 / 18,659 / 58,987 / 10,433 / 377 / 104,397
Gross book value / 9,155 / 29,574 / 38,729 / 74,915 / 24,362 / 99,277 / 10,501 / 377 / 148,884
Accumulated depreciation / - / (4,129) / (4,129) / (34,587) / (5,703) / (40,290) / (68) / - / (44,487)
Net book value / 9,155 / 25,445 / 34,600 / 40,328 / 18,659 / 58,987 / 10,433 / 377 / 104,397
(a)This table is inclusive of amounts detailed in Tables B, C and D below.
Note 20: Land and buildings, plant, equipmentand infrastructure, heritage and cultural assets and investment properties (continued)
A: Reconciliation of movement in land and buildings, plant equipment and infrastructure, heritage and cultural assets and investment properties(a)(continued)
Australian Government / HeritageTotal land / Specialist / Other plant, / Total plant, / and
and / military / equipment and / equipment and / cultural / Investment
Land / Buildings / buildings / equipment / infrastructure / infrastructure / assets / property / Total
Item / $m / $m / $m / $m / $m / $m / $m / $m / $m
As at 1 July 2010
Gross book value / 9,036 / 26,990 / 36,026 / 69,233 / 19,808 / 89,041 / 9,521 / 730 / 135,318
Accumulated depreciation / - / (3,786) / (3,786) / (32,877) / (4,239) / (37,116) / (153) / (1) / (41,056)
Net book value / 9,036 / 23,204 / 32,240 / 36,356 / 15,569 / 51,925 / 9,368 / 729 / 94,262
Additions:
Purchase of new or secondhand
assets / 131 / 2,057 / 2,188 / 5,315 / 3,137 / 8,452 / 60 / 1 / 10,701
Acquisition by finance lease / - / 9 / 9 / - / 50 / 50 / - / - / 59
Entity acquisitions / - / - / - / - / 5 / 5 / - / - / 5
Revaluations: write-ups/(write-downs) / 171 / 639 / 810 / - / 719 / 719 / 328 / 3 / 1,860
Reclassification / (64) / (81) / (145) / 7 / (43) / (36) / (3) / 1 / (183)
Depreciation/amortisation expense / - / (1,304) / (1,304) / (2,710) / (1,562) / (4,272) / (50) / - / (5,626)
Recoverable amount write-downs / (18) / (66) / (84) / (530) / (489) / (1,019) / (3) / (1) / (1,107)
Reversal of write-downs / - / - / - / 6 / - / 6 / - / - / 6
Other movements / 78 / (135) / (57) / 194 / 59 / 253 / 49 / (29) / 216
Disposals / (142) / 126 / (16) / - / (254) / (254) / (3) / (49) / (322)
As at 30 June 2011 / 9,192 / 24,449 / 33,641 / 38,638 / 17,191 / 55,829 / 9,746 / 655 / 99,871
Gross book value / 9,192 / 28,217 / 37,409 / 72,848 / 22,514 / 95,362 / 10,016 / 655 / 143,442
Accumulated depreciation / - / (3,768) / (3,768) / (34,210) / (5,323) / (39,533) / (270) / - / (43,571)
Net book value / 9,192 / 24,449 / 33,641 / 38,638 / 17,191 / 55,829 / 9,746 / 655 / 99,871
(a)This table is inclusive of amounts detailed in Tables B, C and D below.
Note 20: Land and buildings, plant, equipmentand infrastructure, heritage and cultural assets and investment properties (continued)
A: Reconciliation of movement in land and buildings, plant equipment and infrastructure, heritage and cultural assets and investment properties(a)(continued)
General Government / HeritageTotal land / Specialist / Other plant, / Total plant, / and
and / military / equipment and / equipment and / cultural / Investment
Land / Buildings / buildings / equipment / infrastructure / infrastructure / assets / property / Total
Item / $m / $m / $m / $m / $m / $m / $m / $m / $m
As at 1 July 2011
Gross book value / 8,688 / 25,357 / 34,045 / 72,848 / 15,049 / 87,897 / 10,016 / 472 / 132,430
Accumulated depreciation / - / (2,909) / (2,909) / (34,210) / (3,132) / (37,342) / (270) / - / (40,521)
Net book value / 8,688 / 22,448 / 31,136 / 38,638 / 11,917 / 50,555 / 9,746 / 472 / 91,909
Additions:
Purchase of new or secondhand
assets / 123 / 2,118 / 2,241 / 4,165 / 1,695 / 5,860 / 55 / 4 / 8,160
Acquisition by finance lease / - / - / - / - / 16 / 16 / - / - / 16
Entity acquisitions / - / - / - / - / - / - / - / - / -
Revaluations: write-ups/(write-downs) / 31 / 176 / 207 / - / 229 / 229 / 694 / 4 / 1,134
Reclassification / (63) / (95) / (158) / (71) / 114 / 43 / (6) / (128) / (249)
Depreciation/amortisation expense / - / (1,276) / (1,276) / (2,546) / (1,305) / (3,851) / (51) / - / (5,178)
Recoverable amount write-downs / (17) / (85) / (102) / (457) / (107) / (564) / (6) / (13) / (685)
Reversal of write-downs / - / - / - / - / - / - / - / - / -
Other movements / (36) / 70 / 34 / 600 / 17 / 617 / 3 / (1) / 653
Disposals / (78) / (24) / (102) / (1) / (42) / (43) / (2) / (157) / (304)
As at 30 June 2012 / 8,648 / 23,332 / 31,980 / 40,328 / 12,534 / 52,862 / 10,433 / 181 / 95,456
Gross book value / 8,648 / 26,551 / 35,199 / 74,915 / 15,529 / 90,444 / 10,500 / 181 / 136,324
Accumulated depreciation / - / (3,219) / (3,219) / (34,587) / (2,995) / (37,582) / (67) / - / (40,868)
Net book value / 8,648 / 23,332 / 31,980 / 40,328 / 12,534 / 52,862 / 10,433 / 181 / 95,456
(a)This table is inclusive of amounts detailed in Tables B, C and D below.
Note 20: Land and buildings, plant, equipmentand infrastructure, heritage and cultural assets and investment properties (continued)
A: Reconciliation of movement in land and buildings, plant equipment and infrastructure, heritage and cultural assets and investment properties(a)(continued)
General Government / HeritageTotal land / Specialist / Other plant, / Total plant, / and
and / military / equipment and / equipment and / cultural / Investment
Land / Buildings / buildings / equipment / infrastructure / infrastructure / assets / property / Total
Item / $m / $m / $m / $m / $m / $m / $m / $m / $m
As at 1 July 2010
Gross book value / 8,562 / 24,412 / 32,974 / 69,233 / 14,064 / 83,297 / 9,520 / 505 / 126,296
Accumulated depreciation / - / (2,975) / (2,975) / (32,877) / (2,723) / (35,600) / (153) / (1) / (38,729)
Net book value / 8,562 / 21,437 / 29,999 / 36,356 / 11,341 / 47,697 / 9,367 / 504 / 87,567
Additions:
Purchase of new or secondhand
assets / 130 / 1,996 / 2,126 / 5,315 / 1,868 / 7,183 / 60 / - / 9,369
Acquisition by finance lease / - / 9 / 9 / - / 50 / 50 / - / - / 59
Entity acquisitions / - / - / - / - / - / - / - / - / -
Revaluations: write-ups/(write-downs) / 156 / 560 / 716 / - / 197 / 197 / 327 / (4) / 1,236
Reclassification / (46) / (85) / (131) / 7 / (39) / (32) / (3) / 1 / (165)
Depreciation/amortisation expense / - / (1,222) / (1,222) / (2,710) / (1,267) / (3,977) / (50) / - / (5,249)
Recoverable amount write-downs / (1) / (57) / (58) / (530) / (33) / (563) / (3) / - / (624)
Reversal of write-downs / - / - / - / 6 / - / 6 / - / - / 6
Other movements / 83 / (135) / (52) / 194 / 59 / 253 / 51 / (29) / 223
Disposals / (196) / (55) / (251) / - / (259) / (259) / (3) / - / (513)
As at 30 June 2011 / 8,688 / 22,448 / 31,136 / 38,638 / 11,917 / 50,555 / 9,746 / 472 / 91,909
Gross book value / 8,688 / 25,357 / 34,045 / 72,848 / 15,049 / 87,897 / 10,016 / 472 / 132,430
Accumulated depreciation / - / (2,909) / (2,909) / (34,210) / (3,132) / (37,342) / (270) / - / (40,521)
Net book value / 8,688 / 22,448 / 31,136 / 38,638 / 11,917 / 50,555 / 9,746 / 472 / 91,909
(a)This table is inclusive of amounts detailed in Tables B, C and D below.
Note 20:Land and buildings, plant, equipmentand infrastructure, heritage and cultural assets and investment properties (continued)
B:Assets held under finance lease
Australian Government / HeritageTotal land / Specialist / Other plant, / Total plant, / and
and / military / equipment and / equipment and / cultural / Investment
Land / Buildings / buildings / equipment / infrastructure / infrastructure / assets / property / Total
Item / $m / $m / $m / $m / $m / $m / $m / $m / $m
As at 30 June 2012
Gross value / 88 / 848 / 936 / - / 179 / 179 / - / - / 1,115
Accumulated depreciation/amortisation / - / (73) / (73) / - / (21) / (21) / - / - / (94)
Net book value / 88 / 775 / 863 / - / 158 / 158 / - / - / 1,021
As at 30 June 2011
Gross value / 98 / 953 / 1,051 / - / 306 / 306 / - / - / 1,357
Accumulated depreciation/amortisation / - / (85) / (85) / - / (107) / (107) / - / - / (192)
Net book value / 98 / 868 / 966 / - / 199 / 199 / - / - / 1,165
General Government / Heritage
Total land / Specialist / Other plant, / Total plant, / and
and / military / equipment and / equipment and / cultural / Investment
Land / Buildings / buildings / equipment / infrastructure / infrastructure / assets / property / Total
Item / $m / $m / $m / $m / $m / $m / $m / $m / $m
As at 30 June 2012
Gross value / 88 / 848 / 936 / - / 142 / 142 / - / - / 1,078
Accumulated depreciation/amortisation / - / (73) / (73) / - / (16) / (16) / - / - / (89)
Net book value / 88 / 775 / 863 / - / 126 / 126 / - / - / 989
As at 30 June 2011
Gross value / 98 / 953 / 1,051 / - / 264 / 264 / - / - / 1,315
Accumulated depreciation/amortisation / - / (85) / (85) / - / (102) / (102) / - / - / (187)
Net book value / 98 / 868 / 966 / - / 162 / 162 / - / - / 1,128
Note 20:Land and buildings, plant, equipmentand infrastructure, heritage and cultural assets and investment properties(continued)
C:Assets under construction
Australian Government / HeritageTotal land / Specialist / Other plant, / Total plant, / and
and / military / equipment and / equipment and / cultural / Investment
Land / Buildings / buildings / equipment / infrastructure / infrastructure / assets / property / Total
Item / $m / $m / $m / $m / $m / $m / $m / $m / $m
As at 30 June 2012
Gross value / 1 / 2,232 / 2,233 / 10,712 / 2,543 / 13,255 / 2 / - / 15,490
Accumulated depreciation/amortisation / - / - / - / - / - / - / - / - / -
Net book value / 1 / 2,232 / 2,233 / 10,712 / 2,543 / 13,255 / 2 / - / 15,490
As at 30 June 2011
Gross value / - / 2,258 / 2,258 / 11,726 / 2,333 / 14,059 / - / - / 16,317
Accumulated depreciation/amortisation / - / - / - / - / - / - / - / - / -
Net book value / - / 2,258 / 2,258 / 11,726 / 2,333 / 14,059 / - / - / 16,317
General Government / Heritage
Total land / Specialist / Other plant, / Total plant, / and
and / military / equipment and / equipment and / cultural / Investment
Land / Buildings / buildings / equipment / infrastructure / infrastructure / assets / property / Total
Item / $m / $m / $m / $m / $m / $m / $m / $m / $m
As at 30 June 2012
Gross value / 1 / 2,184 / 2,185 / 10,712 / 1,170 / 11,882 / 2 / - / 14,069
Accumulated depreciation/amortisation / - / - / - / - / - / - / - / - / -
Net book value / 1 / 2,184 / 2,185 / 10,712 / 1,170 / 11,882 / 2 / - / 14,069
As at 30 June 2011
Gross value / - / 2,245 / 2,245 / 11,726 / 1,180 / 12,906 / - / - / 15,151
Accumulated depreciation/amortisation / - / - / - / - / - / - / - / - / -
Net book value / - / 2,245 / 2,245 / 11,726 / 1,180 / 12,906 / - / - / 15,151
Note 20: Land and buildings, plant, equipmentand infrastructure, heritage and cultural assets and investment properties (continued)
D:Assets at valuation — Reporting period in which asset revaluation took place
Australian Government / HeritageTotal land / Specialist / Other plant, / Total plant, / and
and / military / equipment and / equipment and / cultural / Investment
Land / Buildings / buildings / equipment / infrastructure / infrastructure / assets / property / Total
Item / $m / $m / $m / $m / $m / $m / $m / $m / $m
Net book value at fair value
Assets at valuation - 2008-09 / - / - / - / - / 6 / 6 / - / - / 6
Assets at valuation - 2009-10 / 71 / 2,187 / 2,258 / - / 244 / 244 / 78 / - / 2,579
Assets at valuation - 2010-11 / 536 / 1,750 / 2,286 / - / 3,856 / 3,856 / - / - / 6,142
Assets at valuation - 2011-12 / 8,337 / 17,956 / 26,293 / - / 10,791 / 10,791 / 10,353 / 377 / 47,813
Net book value at fair value / 8,943 / 21,893 / 30,836 / - / 14,896 / 14,896 / 10,431 / 377 / 56,540
General Government / Heritage
Total land / Specialist / Other plant, / Total plant, / and
and / military / equipment and / equipment and / cultural / Investment
Land / Buildings / buildings / equipment / infrastructure / infrastructure / assets / property / Total
Item / $m / $m / $m / $m / $m / $m / $m / $m / $m
Net book value at fair value
Assets at valuation - 2008-09 / - / - / - / - / 6 / 6 / - / - / 6
Assets at valuation - 2009-10 / 71 / 2,187 / 2,258 / - / 126 / 126 / 78 / - / 2,462
Assets at valuation - 2010-11 / 404 / 1,551 / 1,955 / - / 959 / 959 / - / - / 2,914
Assets at valuation - 2011-12 / 8,172 / 17,321 / 25,493 / - / 10,264 / 10,263 / 10,353 / 181 / 46,291
Net book value at fair value / 8,647 / 21,059 / 29,706 / - / 11,355 / 11,354 / 10,431 / 181 / 51,672
Notes to the financial statements
Note 21:Intangibles
General Government / Australian Government2012 / 2011 / 2012 / 2011
$m / $m / $m / $m
Computer software
Computer software - at cost / 6,500 / 5,888 / 8,345 / 7,285
Accumulated amortisation / (3,079) / (3,044) / (4,106) / (3,942)
Total computer software / 3,421 / 2,844 / 4,239 / 3,343
Other intangibles
Other intangibles - at cost / 2,216 / 1,655 / 2,704 / 2,139
Accumulated amortisation / (136) / (114) / (207) / (153)
Total other intangibles / 2,080 / 1,541 / 2,497 / 1,986
Total intangibles / 5,501 / 4,385 / 6,736 / 5,329
A:Reconciliation of movement in intangibles
Australian Government / Computer / Othersoftware / intangibles / Total
Item / $m / $m / $m
As at 1 July 2011
Gross book value / 7,285 / 2,139 / 9,424
Accumulated depreciation / (3,942) / (153) / (4,095)
Net book value / 3,343 / 1,986 / 5,329
Additions:
Purchase of new or secondhand assets / 1,697 / 635 / 2,332
Acquisition by finance lease / - / - / -
Internally generated / 63 / 4 / 67
Entity acquisitions / - / - / -
Revaluations: write-ups/(write-downs) / (1) / - / (1)
Reclassification / 1 / 1 / 2
Amortisation expense / (785) / (56) / (841)
Recoverable amount write-downs / (62) / (78) / (140)
Reversal of write-downs / - / 4 / 4
Other movements / (12) / 10 / (2)
Disposals / (5) / (9) / (14)
As at 30 June 2012 / 4,239 / 2,497 / 6,736
Gross book value / 8,345 / 2,704 / 11,049
Accumulated depreciation / (4,106) / (207) / (4,313)
Net book value / 4,239 / 2,497 / 6,736
Note 21: Intangibles (continued)
A: Reconciliation of movement in intangibles (continued)
Australian Government / Computer / Othersoftware / intangibles / Total
Item / $m / $m / $m
As at 1 July 2010
Gross book value / 6,564 / 1,578 / 8,142
Accumulated depreciation / (3,480) / (107) / (3,587)
Net book value / 3,084 / 1,471 / 4,555
Additions:
Purchase of new or secondhand assets / 858 / 459 / 1,317
Acquisition by finance lease / - / - / -
Internally generated / 123 / 119 / 242
Entity acquisitions / 45 / 142 / 187
Revaluations: write-ups/(write-downs) / (2) / (2) / (4)
Reclassification / - / - / -
Amortisation expense / (714) / (44) / (758)
Recoverable amount write-downs / (45) / (192) / (237)
Reversal of write-downs / - / - / -
Other movements / (8) / 39 / 31
Disposals / 2 / (6) / (4)
As at 30 June 2011 / 3,343 / 1,986 / 5,329
Gross book value / 7,285 / 2,139 / 9,424
Accumulated depreciation / (3,942) / (153) / (4,095)
Net book value / 3,343 / 1,986 / 5,329
Note 21: Intangibles (continued)
A: Reconciliation of movement in intangibles (continued)
General Government / Computer / Othersoftware / intangibles / Total
Item / $m / $m / $m
As at 1 July 2011
Gross book value / 5,888 / 1,655 / 7,543
Accumulated depreciation / (3,044) / (114) / (3,158)
Net book value / 2,844 / 1,541 / 4,385
Additions:
Purchase of new or secondhand assets / 1,226 / 631 / 1,857
Acquisition by finance lease / - / - / -
Internally generated / 63 / 4 / 67
Entity acquisitions / - / - / -
-
Revaluations: write-ups/(write-downs) / (1) / - / (1)
Reclassification / 5 / 13 / 18
Amortisation expense / (637) / (25) / (662)
Recoverable amount write-downs / (61) / (78) / (139)
Reversal of write-downs / - / 4 / 4
Other movements / (14) / (1) / (15)
Disposals / (4) / (9) / (13)
As at 30 June 2012 / 3,421 / 2,080 / 5,501
Gross book value / 6,500 / 2,216 / 8,716
Accumulated depreciation / (3,079) / (136) / (3,215)
Net book value / 3,421 / 2,080 / 5,501
Note 21: Intangibles (continued)
A: Reconciliation of movement in intangibles (continued)
General Government / Computer / Othersoftware / intangibles / Total
Item / $m / $m / $m
As at 1 July 2010
Gross book value / 5,437 / 1,376 / 6,813
Accumulated depreciation / (2,703) / (78) / (2,781)
Net book value / 2,734 / 1,298 / 4,032
Additions:
Purchase of new or secondhand assets / 685 / 454 / 1,139
Acquisition by finance lease / - / - / -
Internally generated / 63 / 1 / 64
Entity acquisitions / - / - / -
Revaluations: write-ups/(write-downs) / (2) / (2) / (4)
Reclassification / 1 / 20 / 21
Amortisation expense / (596) / (31) / (627)
Recoverable amount write-downs / (32) / (189) / (221)
Reversal of write-downs / - / - / -
Other movements / (8) / 17 / 9
Disposals / (1) / (27) / (28)
As at 30 June 2011 / 2,844 / 1,541 / 4,385
Gross book value / 5,888 / 1,655 / 7,543
Accumulated depreciation / (3,044) / (114) / (3,158)
Net book value / 2,844 / 1,541 / 4,385
Note 22:Inventories
General Government / Australian Government2012 / 2011 / 2012 / 2011
$m / $m / $m / $m
Inventories held for sale
Finished goods(a) / 669 / 596 / 735 / 663
Raw materials and stores / 48 / 48 / 65 / 60
Work in progress / 377 / 241 / 386 / 246
Total inventories held for sale / 1,094 / 885 / 1,186 / 969
Inventories not held for sale
Consumable stores and inventories
held for distribution / 6,245 / 5,989 / 6,274 / 6,018
Total inventories not held for sale / 6,245 / 5,989 / 6,274 / 6,018
Total inventories / 7,339 / 6,874 / 7,460 / 6,987
(a)Finished goods includes $376million valued at net realisable value, (2011: $305 million), the remainder is valued at cost.
Note 23: Other nonfinancial assets
General Government / Australian Government2012 / 2011 / 2012 / 2011
$m / $m / $m / $m
Total biological assets / 37 / 104 / 37 / 104
Total assets held for sale / 90 / 154 / 198 / 269
Other non-financial assets:
Prepayments / 2,495 / 2,023 / 2,511 / 2,092
Other / 230 / 249 / 1,046 / 678
Total other non-financial assets / 2,852 / 2,530 / 3,792 / 3,143
Note 24: Assets by function(a)
General Government / Australian Government2012 / 2011 / 2012 / 2011
$m / $m / $m / $m
General public services / 142,316 / 142,945 / 141,701 / 140,634
Defence / 72,145 / 69,389 / 72,470 / 69,709
Public order and safety / 1,884 / 1,764 / 1,914 / 1,797
Education / 22,984 / 18,964 / 22,928 / 18,944
Health / 4,708 / 5,165 / 3,680 / 3,340
Social security and welfare / 6,766 / 6,712 / 6,429 / 6,374
Housing and community amenities / 6,716 / 6,459 / 6,683 / 6,436
Recreation and culture / 11,441 / 10,959 / 11,432 / 10,959
Fuel and energy / 662 / 538 / 662 / 538
Agriculture, forestry and fishing / 316 / 284 / 316 / 284
Mining, manufacturing and construction / 70 / 52 / 2,075 / 2,300
Transport and communication / 10,957 / 8,815 / 11,775 / 10,193
Other economic affairs / 14,078 / 12,275 / 86,678 / 79,551
Other purposes(b) / 32,477 / 31,286 / 21,835 / 25,989
Total assets / 327,520 / 315,607 / 390,578 / 377,048
(a)Refer Note 45 for description of each function.
(b)Cash and deposits that are not allocated to other functions are included in the ‘Other purposes’ function.
Note 25: Deposit liabilities
General Government / Australian Government2012 / 2011 / 2012 / 2011
$m / $m / $m / $m
Exchange settlement funds / - / - / 1,567 / 2,413
Drawing accounts held with the Reserve Bank
of Australia / - / - / 215 / 1,081
State governments / - / - / 2 / 2
Monies held in trust / 185 / 202 / 185 / 202
Foreign governments / - / - / 542 / 779
Other / 7 / 6 / 502 / 425
Total deposit liabilities / 192 / 208 / 3,013 / 4,902
Note 26: Government securities
General Government / Australian Government2012 / 2011 / 2012 / 2011
$m / $m / $m / $m
Treasury bonds / 230,063 / 165,611 / 230,063 / 165,611
Treasury notes / 12,446 / 16,021 / 12,446 / 16,021
Treasury indexed bonds / 25,668 / 19,645 / 25,668 / 19,645
Other / 1,598 / 478 / 21 / 21
Total government securities / 269,775 / 201,755 / 268,198 / 201,298
Note 27:Loans
General Government / Australian Government2012 / 2011 / 2012 / 2011
$m / $m / $m / $m
Bills of exchange and promissory notes / 3,260 / 3,850 / 3,706 / 4,163
Bonds (non-Treasury) / - / - / 3,273 / 2,829
Loans / 793 / 864 / 636 / 609
Total loans / 4,053 / 4,714 / 7,615 / 7,601
Loans maturity schedule
Not later than one year / 125 / 229 / 938 / 883
Later than one year and not later than two years / 52 / 100 / 592 / 724
Later than two years and not later than five years / 364 / 237 / 1,663 / 1,005
Later than five years / 3,512 / 4,148 / 4,422 / 4,989
Total loans by maturity / 4,053 / 4,714 / 7,615 / 7,601
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