2016 Computer & Specialised Specialised Plant and land buildings equipment equipment 2017 $'000 $'000 $'000 $’000 Opening balance 163,016 304,395 5,670 5,214 Purchases (sales) 49,120 4,330 77 28 Transfers in (out) of level 3 0 669 (2,516) (135) Disposal 0 0 (9) 0 Depreciation 0 (10,893) (500) (819) Accumulated depreciation transferred to reduce the carrying value 0 0 0 0 Revaluation 131,775 51,068 0 0 Transfer in/out of assets under construction 0 15,602 0 0 Closing balance 343,911 365,171 2,722 4,288 Specialised buildings includes heritage buildings Description of significant unobservable inputs to Level 3 valuation Details Valuation Significant Range Sensitivity of fair technique unobservable (weighted measurement to inputs used in average) changes in significant valuation unobservable inputs Specialised land Market approach CSO adjustment 25 per cent Significant increase or decrease in the CSO adjustment result in a significantly lower (higher) fair value. Specialised buildings Depreciated Useful life 6 37 Significant increase or ‐ Structure/shell/building fabric replacement cost decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation. Specialised buildings Site Depreciated Useful life 6 33 years Significant increase or ‐ engineering services replacement cost decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation. Specialised buildings Fit out Depreciated Useful life 3 25 years Significant increase or ‐ replacement cost decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation. Specialised buildings Trunk Depreciated Useful life 3 20 years Significant increase or ‐ reticulated building systems replacement cost decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation. Heritage buildings Depreciated Useful life 50 years Significant increase or Structure/shell/building fabric replacement cost decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation.
2016 2017 Specialised land $'000 Specialised buildings $'000 Plant and equipment $'000 Computer & equipment $’000 Opening balance 163,016 304,395 5,670 5,214 Purchases (sales) 49,120 4,330 77 28 Transfers in (out) of level 3 0 669 (2,516) (135) Disposal 0 0 (9) 0 Depreciation 0 (10,893) (500) (819) Accumulated depreciation transferred to reduce the carrying value 0 0 0 0 Revaluation 131,775 51,068 0 0 Transfer in/out of assets under construction 0 15,602 0 0 Closing balance 343,911 365,171 2,722 4,288 Specialised buildings includes heritage buildings Description of significant unobservable inputs to Level 3 valuation Details Valuation technique Significant unobservable inputs used in valuation Range (weighted average) Sensitivity of fair measurement to changes in significant unobservable inputs Specialised land Market approach CSO adjustment 25 per cent Significant increase or decrease in the CSO adjustment result in a significantly lower (higher) fair value. Specialised buildings Structure/shell/building fabric Depreciated replacement cost Useful life 6 ‐ 37 Significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation. Specialised buildings Site engineering services Depreciated replacement cost Useful life 6 ‐ 33 years Significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation. Specialised buildings Fit out Depreciated replacement cost Useful life 3 ‐ 25 years Significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation. Specialised buildings Trunk reticulated building systems Depreciated replacement cost Useful life 3 ‐ 20 years Significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation. Heritage buildings Structure/shell/building fabric Depreciated replacement cost Useful life 50 years Significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation.
csv_annual_report_2016-17_financial_statements.docx