Reconciliations Reconciliations of the carrying amounts of each class of property, plant and equipment at the beginning and end of the financial year are set out below: Plant and Work in Land Buildings Total equipment progress $m $m $m $m $m 2014 Opening balance 7,148.8 6,629.7 147.3 260.7 14,186.4 Additions 22.7 1.3 38.5 323.1 385.6 Transfer to other Victorian (8.3) (8.3) ‒ ‒ ‒ government departments Assets previously not (9.8) 14.3 4.6 ‒ ‒ recognised Transfers to completed 154.0 11.0 (168.1) (3.0) ‒ assets Disposals (48.2) (50.7) (1.2) (100.1) Revaluation 8.6 559.3 567.9 ‒ ‒ increments/(decrements) Transfer (to)/from assets (30.2) (25.6) 0.1 (55.7) ‒ held for sale Depreciation (216.8) (62.8) (279.6) ‒ ‒ Closing balance 7,083.5 7,065.6 132.9 415.7 14,697.7 2013 Opening balance 6,527.4 6,382.6 159.1 578.0 13,647.2 Additions 24.5 35.3 322.3 382.1 ‒ Impairment adjustment (2.4) (2.4) ‒ ‒ ‒ Transfers to completed 587.2 23.4 (639.6) (29.0) ‒ assets Disposals (23.1) (46.5) (1.9) (71.5) ‒ Revaluation 608.9 (152.9) 456.0 ‒ ‒ increments/(decrements) Transfer (to)/from assets 11.0 52.7 0.1 63.8 ‒ held for sale Depreciation (193.5) (66.4) (259.8) ‒ ‒ Closing balance 7,148.8 6,629.7 147.3 260.7 14,186.4
Reconciliations Reconciliations of the carrying amounts of each class of property, plant and equipment at the beginning and end of the financial year are set out below: Land Buildings Plant and equipment Work in progress Total $m $m $m $m $m 2014 Opening balance 7,148.8 6,629.7 147.3 260.7 14,186.4 Additions 22.7 1.3 38.5 323.1 385.6 Transfer to other Victorian government departments (8.3) ‒ ‒ ‒ (8.3) Assets previously not recognised (9.8) 14.3 ‒ ‒ 4.6 Transfers to completed assets ‒ 154.0 11.0 (168.1) (3.0) Disposals (48.2) (50.7) (1.2) (100.1) Revaluation increments/(decrements) 8.6 559.3 ‒ ‒ 567.9 Transfer (to)/from assets held for sale (30.2) (25.6) 0.1 ‒ (55.7) Depreciation ‒ (216.8) (62.8) ‒ (279.6) Closing balance 7,083.5 7,065.6 132.9 415.7 14,697.7 2013 Opening balance 6,527.4 6,382.6 159.1 578.0 13,647.2 Additions 24.5 ‒ 35.3 322.3 382.1 Impairment adjustment ‒ ‒ (2.4) ‒ (2.4) Transfers to completed assets ‒ 587.2 23.4 (639.6) (29.0) Disposals (23.1) (46.5) (1.9) ‒ (71.5) Revaluation increments/(decrements) 608.9 (152.9) ‒ ‒ 456.0 Transfer (to)/from assets held for sale 11.0 52.7 0.1 ‒ 63.8 Depreciation ‒ (193.5) (66.4) ‒ (259.8) Closing balance 7,148.8 6,629.7 147.3 260.7 14,186.4
201314deecdannualreport.docx