Consolidated entity
Construction in
progress
$’000
Freehold land
$’000
At 1 July 2011
Cost or fair value
844,230
100
Valuation
-
-
Accumulated depreciation
-
-
Net book amount
844,230
100
Year ended 30 June 2012
Opening net book amount
844,230
100
Additions into asset register from capital works in progress
-
16
Borrowing cost capitalised
9,926
-
Additions into capital works in progress
1,158,035
-
Impairment charge recognised in Consolidated Income Statement
(290,206)
-
Depreciation charge
-
-
Transfers out of capital work in progress
(681,221)
-
Written down value of assets disposed
-
-
Revaluation reversal of assets
-
-
Closing net book amount
1,040,764
116
At 30 June 2012
Cost or fair value
1,040,764
116
Valuation
-
-
Accumulated depreciation
-
-
Net book amount
1,040,764
116
NOTE 14
NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT
Consolidated entity
Construction in
progress
$’000
Freehold land
$’000
Year ended 30 June 2013
Opening net book amount
1,040,764
116
Additions into asset register from capital works in progress
-
-
Borrowing cost capitalised
19,684
-
Additions into capital works in progress
763,796
-
Impairment charge recognised in Consolidated Income Statement
-
-
Depreciation charge
-
-
Transfers out of capital work in progress
(1,428,229)
-
Written down value of assets disposed
-
-
Revaluation of assets
-
-
Closing net book amount
396,015
116
At 30 June 2013
Cost
396,015
116
Valuation
-
-
Accumulated depreciation
-
-
Net book amount
396,015
116
78
