Tables 5 to 8 provide the fair value measurement hierarchy of the Department’s property, plant and equipment. Table value measurement hierarchy for assets as at 30 June 2016 —Fair Fair value measurement at end of reporting period using: Carrying amount as at Level 11 Level 21 Level 31 2016 30 June 2016 $m $m $m $m Land at fair value Land 9,367.6 9,367.6 – – – – Total land at fair value 9,367.6 9,367.6 Buildings at fair value Buildings 10,014.0 10,014.0 – – – – Total of buildings at fair value 10,014.0 10,014.0 Heritage buildings at fair value Heritage Buildings 104.1 104.1 – – Total of heritage buildings at fair value 104.1 104.1 – – Leasehold buildings at fair value Leasehold buildings 145.0 145.0 – – Total of leasehold buildings at fair value 145.0 145.0 – – Leasehold improvements at fair value Leasehold improvements 3.7 3.7 – – Total of leasehold improvements at fair value 3.7 3.7 – – Plant and equipment at fair value Plant and equipment 84.5 11.3 73.2 – Total of plant and equipment at fair value 84.5 11.3 73.2 – 1 Classified in accordance with the fair value hierarchy, see Note 1(b). Table of Level 3 fair value 30 June 2016 —Reconciliation Heritage Leasehold Leasehold Plant and Land Buildings 2016 buildings buildings improvements equipment $m $m $m $m $m $m Opening balance 7,895.7 8,266.8 58.1 191.0 0.5 97.8 Prior year adjustments (32.6) 79.4 4.3 3.5 – –
Tables 5 to 8 provide the fair value measurement hierarchy of the Department’s property, plant and equipment. Table —Fair value measurement hierarchy for assets as at 30 June 2016 Fair value measurement at end of reporting period using: 2016 Carrying amount as at 30 June 2016 $m Level 11 $m Level 21 $m Level 31 $m Land at fair value Land 9,367.6 – – 9,367.6 Total land at fair value 9,367.6 – – 9,367.6 Buildings at fair value Buildings 10,014.0 – – 10,014.0 Total of buildings at fair value 10,014.0 – – 10,014.0 Heritage buildings at fair value Heritage Buildings 104.1 – – 104.1 Total of heritage buildings at fair value 104.1 – – 104.1 Leasehold buildings at fair value Leasehold buildings 145.0 – – 145.0 Total of leasehold buildings at fair value 145.0 – – 145.0 Leasehold improvements at fair value Leasehold improvements 3.7 – – 3.7 Total of leasehold improvements at fair value 3.7 – – 3.7 Plant and equipment at fair value Plant and equipment 84.5 – 11.3 73.2 Total of plant and equipment at fair value 84.5 – 11.3 73.2 1 Classified in accordance with the fair value hierarchy, see Note 1(b). Table —Reconciliation of Level 3 fair value 30 June 2016 2016 Land $m Buildings $m Heritage buildings $m Leasehold buildings $m Leasehold improvements $m Plant and equipment $m Opening balance 7,895.7 8,266.8 58.1 191.0 0.5 97.8 Prior year adjustments (32.6) 79.4 – – 4.3 3.5
201516detannualreportFinancial.docx