Table 8 provides the fair value measurement hierarchy of the Property, Department’s plant and equipment. Table value measurement hierarchy for assets as at 30 June 2014 —Fair ($m) Carrying Fair value measurement at end of amount as reporting period using: at 30 June Level 1 Level 2 Level 3 2014 $m $m $m Land at fair value Specialised land 7,083.5 7,083.5 ‒ ‒ Total of land at fair value 7,083.5 7,083.5 ‒ ‒ Buildings at fair value Specialised buildings 6,882.5 6,882.5 ‒ ‒ Total of buildings at fair value 6,882.5 6,882.5 ‒ ‒ Plant and equipment at fair value Plant and equipment 121.1 121.1 ‒ ‒ Total of plant and equipment at 121.1 121.1 ‒ ‒ fair value Table of Level 3 fair value —Reconciliation 2014 Specialised Specialised Plant and land buildings equipment ($m) ($m) ($m) Opening balance 7,148.8 6,431.4 135.5 Purchases (sales) (33.8) (50.7) 33.9 Assets previously not recognised (9.8) 14.3 ‒ Transfers to completed assets 154.0 11.0 ‒ Transfer (to)/from assets held for sale (30.2) (25.6) 0.1 Depreciations (213.3) (59.4) ‒ Subtotal 7,074.9 6,310.3 121.1 Revaluation 8.6 572.2 ‒ Subtotal 8.6 572.2 ‒ Closing balance 7,083.5 6,882.5 121.1
Table 8 provides the fair value measurement hierarchy of the Department’s Property, plant and equipment. Table —Fair value measurement hierarchy for assets as at 30 June 2014 ($m) Carrying amount as at Fair value measurement at end of reporting period using: 30 June 2014 Level 1 $m Level 2 $m Level 3 $m Land at fair value Specialised land 7,083.5 ‒ ‒ 7,083.5 Total of land at fair value 7,083.5 ‒ ‒ 7,083.5 Buildings at fair value Specialised buildings 6,882.5 ‒ ‒ 6,882.5 Total of buildings at fair value 6,882.5 ‒ ‒ 6,882.5 Plant and equipment at fair value Plant and equipment 121.1 ‒ ‒ 121.1 Total of plant and equipment at fair value 121.1 ‒ ‒ 121.1 Table —Reconciliation of Level 3 fair value 2014 Specialised land Specialised buildings Plant and equipment ($m) ($m) ($m) Opening balance 7,148.8 6,431.4 135.5 Purchases (sales) (33.8) (50.7) 33.9 Assets previously not recognised (9.8) 14.3 ‒ Transfers to completed assets ‒ 154.0 11.0 Transfer (to)/from assets held for sale (30.2) (25.6) 0.1 Depreciations ‒ (213.3) (59.4) Subtotal 7,074.9 6,310.3 121.1 Revaluation 8.6 572.2 ‒ Subtotal 8.6 572.2 ‒ Closing balance 7,083.5 6,882.5 121.1
201314deecdannualreport.docx