Notes to the financial statements
Note 20: Equity investments
General Government
2014
2013
$m
$m
39,296
33,661
35,745
24,879
535
493
75,576
59,033
Investments - Shares
Investment in public corporations
Equity accounted investments
Total equity investm ents
Australian Government
2014
2013
$m
$m
39,933
34,401
544
504
40,477
34,905
Note 21: Land and buildings, plant, equipment and infrastructure, heritage and
cultural assets and investment properties
General Government Australian Government
2014
2013
2014
2013
$m
$m
$m
$m
LAND AND BUILDINGS
Land
Land - at cost
Land - at valuation(a)
Total land
Buildings
Buildings - at cost
Accumulated depreciation
Buildings - at valuation(a)
Accumulated depreciation
Total buildings
Total land and buildings
PLANT, EQUIPMENT AND INFRASTRUCTURE
Specialist m ilitary equipm ent
Specialist military equipment - at cost
Accumulated depreciation
Total specialist m ilitary equipm ent
Other plant, equipm ent and infrastructure
Other plant, equipment and infrastructure - at cost
Accumulated depreciation
Other plant, equipment and infrastructure - at
valuation(a)
Accumulated depreciation
89
9,242
9,331
90
8,827
8,917
333
9,513
9,846
338
9,102
9,440
3,540
(26)
3,514
24,311
(3,102)
21,209
24,723
34,054
3,040
(28)
3,012
23,562
(3,074)
20,488
23,500
32,417
5,206
(737)
4,469
26,352
(3,440)
22,912
27,381
37,227
4,442
(677)
3,765
25,379
(3,402)
21,977
25,742
35,182
77,387
(36,144)
41,243
75,820
(35,532)
40,288
77,387
(36,144)
41,243
75,820
(35,532)
40,288
1,569
(35)
1,534
1,425
(79)
1,346
11,016
(1,879)
9,137
7,827
(1,613)
6,214
14,696
14,338
19,104
18,091
(3,179)
(3,074)
(3,301)
(3,218)
11,517
11,264
15,803
14,873
Total other plant, equipm ent and infrastructure
13,051
12,610
24,940
21,087
Total plant, equipm ent and infrastructure
54,294
52,898
66,183
61,375
(a) Refer Note 1.15 for details regarding the valuation methodologies adopted. The reporting periods in
which these assets were revalued are detailed in Note 21, Table D.
126
Notes to the financial statements
Note 21: Land and buildings, plant, equipment and infrastructure, heritage and
cultural assets and investment properties (continued)
General Government Australian Government
2014
2013
2014
2013
$m
$m
$m
$m
HERITAGE AND CULTURAL ASSETS
Heritage and cultural assets
Heritage and cultural assets - at cost
Accumulated depreciation
Heritage and cultural assets - at valuation(a)
Accumulated depreciation
Total heritage and cultural assets
INVESTMENT PROPERTY
Investm ent property
Investment property - at valuation(a)
Accumulated depreciation
Total investm ent property
5
5
10,876
(56)
10,820
10,825
6
(1)
5
10,587
(45)
10,542
10,547
5
5
10,876
(56)
10,820
10,825
6
(1)
5
10,587
(45)
10,542
10,547
183
183
195
195
375
375
368
368
Total land and buildings, plant, equipm ent
and infrastructure, heritage and cultural
assets and investm ent property
99,356
96,057
114,610
107,472
(a) Refer Note 1.15 for details regarding the valuation methodologies adopted. The reporting periods in
which these assets were revalued are detailed in Note 21, Table D.
127
Australian Government
Land
$m
Buildings
$m
9,440
9,440
29,821
(4,079)
25,742
39,261
(4,079)
35,182
75,820
(35,532)
40,288
25,918
(4,831)
21,087
101,738
(40,363)
61,375
10,593
(46)
10,547
375
(7)
368
151,967
(44,495)
107,472
28
2
2,620
513
2,648
515
4,309
-
3,656
2,147
7,965
2,147
77
-
2
-
10,692
2,662
Revaluations: w rite-ups
Reclassification
Depreciation/amortisation expense
Recoverable amount w rite-dow ns
Reversal of w rite-dow ns
480
(44)
(2)
-
232
(54)
(1,584)
(123)
-
712
(98)
(1,584)
(125)
-
(74)
(2,539)
(469)
16
186
113
(2,141)
(63)
2
186
39
(4,680)
(532)
18
239
6
(51)
(6)
-
16
5
-
1,153
(48)
(6,315)
(663)
18
Other movements
(23)
46
23
(263)
27
(236)
15
-
(198)
Disposals
(35)
(11)
(46)
(25)
(74)
(99)
(2)
(16)
(163)
As at 30 June 2014
9,846
27,381
37,227
Gross book value
9,846
31,558
41,404
Accumulated depreciation
(4,177)
(4,177)
Net book value
9,846
27,381
37,227
(a) This table is inclusive of amounts detailed in Tables B, C and D below.
41,243
77,387
(36,144)
41,243
24,940
30,120
(5,180)
24,940
66,183
107,507
(41,324)
66,183
10,825
10,881
(56)
10,825
375
375
375
114,610
160,167
(45,557)
114,610
Item
As at 1 July 2013
Gross book value
Accumulated depreciation
Net book value
128
Additions:
Purchase of new or secondhand
assets
Acquisition by finance lease
Specialist
Other plant,
Total plant,
military equipment and equipment and
equipment infrastructure infrastructure
$m
$m
$m
Heritage
and
cultural Investment
assets
property
$m
$m
Total land
and
buildings
$m
Total
$m
Notes to the financial statements
Note 21: Land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment properties
(continued)
A: Reconciliation of movement in land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment
properties(a)
Note 21: Land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment properties
(continued)
A: Reconciliation of movement in land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment
properties(a) (continued)
Australian Government
Land
$m
Buildings
$m
9,155
9,155
29,574
(4,129)
25,445
38,729
(4,129)
34,600
74,915
(34,587)
40,328
24,362
(5,703)
18,659
99,277
(40,290)
58,987
10,501
(68)
10,433
377
377
148,884
(44,487)
104,397
36
48
1,887
283
72
1,923
283
120
3,032
-
3,420
1,105
113
6,452
1,105
113
71
-
15
-
8,461
1,388
233
295
(69)
(17)
-
45
(397)
(1,492)
(151)
-
340
(466)
(1,492)
(168)
-
(99)
(2,689)
(315)
7
226
250
(1,964)
(537)
(2)
226
151
(4,653)
(852)
5
72
(50)
(4)
-
12
5
(3)
-
650
(310)
(6,195)
(1,027)
5
3
50
53
25
(123)
(98)
25
8
(12)
(11)
-
(11)
(1)
(60)
(61)
-
(46)
(118)
As at 30 June 2013
9,440
25,742
35,182
Gross book value
9,440
29,821
39,261
Accumulated depreciation
(4,079)
(4,079)
Net book value
9,440
25,742
35,182
(a) This table is inclusive of amounts detailed in Tables B, C and D below.
40,288
75,820
(35,532)
40,288
21,087
25,918
(4,831)
21,087
61,375
101,738
(40,363)
61,375
10,547
10,593
(46)
10,547
368
375
(7)
368
107,472
151,967
(44,495)
107,472
Item
As at 1 July 2012
Gross book value
Accumulated depreciation
Net book value
129
Additions:
Purchase of new or secondhand
assets
Acquisition by finance lease
Entity acquisitions
Other movements
Disposals
Total
$m
Notes to the financial statements
Revaluations: w rite-ups
Reclassification
Depreciation/amortisation expense
Recoverable amount w rite-dow ns
Reversal of w rite-dow ns
Specialist
Other plant,
Total plant,
military equipment and equipment and
equipment infrastructure infrastructure
$m
$m
$m
Heritage
and
cultural Investment
assets
property
$m
$m
Total land
and
buildings
$m
General Government
Specialist
Other plant,
Total plant,
military equipment and equipment and
equipment infrastructure infrastructure
$m
$m
$m
Heritage
and
cultural Investment
assets
property
$m
$m
Land
$m
Buildings
$m
Total land
and
buildings
$m
8,917
8,917
26,602
(3,102)
23,500
35,519
(3,102)
32,417
75,820
(35,532)
40,288
15,763
(3,153)
12,610
91,583
(38,685)
52,898
10,593
(46)
10,547
195
195
137,890
(41,833)
96,057
21
2
2,247
513
2,268
515
4,309
-
1,545
71
5,854
71
77
-
2
-
8,201
586
Revaluations: w rite-ups
Reclassification
Depreciation/amortisation expense
Recoverable amount w rite-dow ns
Reversal of w rite-dow ns
479
(34)
-
122
(72)
(1,474)
(116)
-
601
(106)
(1,474)
(116)
-
(74)
(2,540)
(469)
16
214
129
(1,433)
(40)
-
214
55
(3,973)
(509)
16
239
6
(51)
(6)
-
2
-
1,056
(45)
(5,498)
(631)
16
Other movements
(23)
42
19
(262)
8
(254)
15
-
(220)
Disposals
(31)
(39)
(70)
(25)
(53)
(78)
(2)
(16)
(166)
As at 30 June 2014
9,331
24,723
34,054
Gross book value
9,331
27,851
37,182
Accumulated depreciation
(3,128)
(3,128)
Net book value
9,331
24,723
34,054
(a) This table is inclusive of amounts detailed in Tables B, C and D below.
41,243
77,387
(36,144)
41,243
13,051
16,265
(3,214)
13,051
54,294
93,652
(39,358)
54,294
10,825
10,881
(56)
10,825
183
183
183
99,356
141,898
(42,542)
99,356
Item
As at 1 July 2013
Gross book value
Accumulated depreciation
Net book value
Additions:
Purchase of new or secondhand
assets
Acquisition by finance lease
Total
$m
Notes to the financial statements
Note 21: Land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment properties
(continued)
A: Reconciliation of movement in land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment
properties(a) (continued)
130
Note 21: Land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment properties
(continued)
A: Reconciliation of movement in land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment
properties(a) (continued)
General Government
Item
As at 1 July 2012
Gross book value
Accumulated depreciation
Net book value
Additions:
Purchase of new or secondhand
assets
Acquisition by finance lease
131
Revaluations: w rite-ups
Reclassification
Depreciation/amortisation expense
Recoverable amount w rite-dow ns
Reversal of w rite-dow ns
Other movements
Specialist
Other plant,
Total plant,
military equipment and equipment and
equipment infrastructure infrastructure
$m
$m
$m
Heritage
and
cultural Investment
assets
property
$m
$m
Land
$m
Buildings
$m
Total land
and
buildings
$m
8,649
8,649
26,551
(3,219)
23,332
35,200
(3,219)
31,981
74,915
(34,587)
40,328
15,529
(2,995)
12,534
90,444
(37,582)
52,862
10,501
(68)
10,433
181
181
136,326
(40,869)
95,457
36
-
1,611
283
1,647
283
3,032
-
1,411
31
4,443
31
71
-
15
-
6,176
314
299
(56)
(1)
-
115
(354)
(1,407)
(113)
-
414
(410)
(1,407)
(114)
-
(99)
(2,689)
(315)
7
79
263
(1,487)
(40)
(2)
79
164
(4,176)
(355)
5
72
(50)
(4)
-
(3)
-
565
(246)
(5,633)
(476)
5
(24)
Total
$m
47
48
25
(130)
(105)
25
8
(14)
(25)
(1)
(49)
(50)
-
(6)
(81)
As at 30 June 2013
8,917
23,500
32,417
Gross book value
8,917
26,602
35,519
Accumulated depreciation
(3,102)
(3,102)
Net book value
8,917
23,500
32,417
(a) This table is inclusive of amounts detailed in Tables B, C and D below.
40,288
75,820
(35,532)
40,288
12,610
15,763
(3,153)
12,610
52,898
91,583
(38,685)
52,898
10,547
10,593
(46)
10,547
195
195
195
96,057
137,890
(41,833)
96,057
Notes to the financial statements
1
(11)
Disposals
Australian Government
Land
$m
Buildings
$m
88
-
1,515
(104)
1,603
(104)
-
249
(12)
249
(12)
-
-
1,852
(116)
Net book value
88
1,411
1,499
-
237
237
-
-
1,736
As at 30 June 2013
Gross value
Accumulated depreciation/amortisation
89
-
1,116
(87)
1,205
(87)
-
1,514
(52)
1,514
(52)
-
-
2,719
(139)
Net book value
89
1,029
1,118
-
1,462
1,462
-
-
2,580
Land
$m
Buildings
$m
Total land
and
buildings
$m
Heritage
and
cultural Investment
assets
property
$m
$m
Total
$m
88
-
1,515
(104)
1,603
(104)
-
230
(12)
230
(12)
-
-
1,833
(116)
Net book value
88
1,411
1,499
-
218
218
-
-
1,717
As at 30 June 2013
Gross value
Accumulated depreciation/amortisation
89
-
1,089
(84)
1,178
(84)
-
201
(20)
201
(20)
-
-
1,379
(104)
Net book value
89
1,005
1,094
-
181
181
-
-
1,275
Item
As at 30 June 2014
Gross value
Accumulated depreciation/amortisation
Specialist
Other plant,
Total plant,
military equipment and equipment and
equipment infrastructure infrastructure
$m
$m
$m
Heritage
and
cultural Investment
assets
property
$m
$m
Total land
and
buildings
$m
132
General Government
Item
As at 30 June 2014
Gross value
Accumulated depreciation/amortisation
Specialist
Other plant,
Total plant,
military equipment and equipment and
equipment infrastructure infrastructure
$m
$m
$m
Total
$m
Notes to the financial statements
Note 21: Land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment properties
(continued)
B: Assets held under finance lease
Note 21: Land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment properties
(continued)
C: Assets under construction
Australian Government
Land
$m
Buildings
$m
-
3,135
-
3,135
-
11,904
-
2,045
-
13,949
-
6
-
-
17,090
-
Net book value
-
3,135
3,135
11,904
2,045
13,949
6
-
17,090
As at 30 June 2013
Gross value
Accumulated depreciation/amortisation
-
2,229
-
2,229
-
10,758
-
3,177
-
13,935
-
5
-
-
16,169
-
Net book value
-
2,229
2,229
10,758
3,177
13,935
5
-
16,169
Land
$m
Buildings
$m
Total land
and
buildings
$m
Heritage
and
cultural Investment
assets
property
$m
$m
Total
$m
-
2,346
-
2,346
-
11,904
-
1,289
-
13,193
-
6
-
-
15,545
-
Net book value
-
2,346
2,346
11,904
1,289
13,193
6
-
15,545
As at 30 June 2013
Gross value
Accumulated depreciation/amortisation
-
2,191
-
2,191
-
10,758
-
1,205
-
11,963
-
5
-
-
14,159
-
Net book value
-
2,191
2,191
10,758
1,205
11,963
5
-
14,159
Item
As at 30 June 2014
Gross value
Accumulated depreciation/amortisation
Specialist
Other plant,
Total plant,
military equipment and equipment and
equipment infrastructure infrastructure
$m
$m
$m
Heritage
and
cultural Investment
assets
property
$m
$m
Total land
and
buildings
$m
133
General Government
Notes to the financial statements
Item
As at 30 June 2014
Gross value
Accumulated depreciation/amortisation
Specialist
Other plant,
Total plant,
military equipment and equipment and
equipment infrastructure infrastructure
$m
$m
$m
Total
$m
Australian Government
Item
Net book value at fair value
Assets at valuation - 2011-12
Assets at valuation - 2012-13
Assets at valuation - 2013-14
Net book value at fair value
Land
$m
Buildings
$m
Total land
and
buildings
$m
19
2,191
7,303
9,513
403
4,230
18,279
22,912
422
6,421
25,581
32,424
Land
$m
Buildings
$m
Total land
and
buildings
$m
2,018
7,224
9,242
378
3,824
17,007
21,209
378
5,842
24,231
30,451
Specialist
Other plant,
Total plant,
military equipment and equipment and
equipment infrastructure infrastructure
$m
$m
$m
-
584
6,410
8,809
15,803
584
6,410
8,809
15,803
General Government
134
Item
Net book value at fair value
Assets at valuation - 2011-12
Assets at valuation - 2012-13
Assets at valuation - 2013-14
Net book value at fair value
Specialist
Other plant,
Total plant,
military equipment and equipment and
equipment infrastructure infrastructure
$m
$m
$m
-
584
2,681
8,252
11,517
584
2,681
8,252
11,517
Heritage
and
cultural Investment
assets
property
$m
$m
1,024
517
9,279
10,820
Total
$m
54
321
375
2,031
13,402
43,990
59,422
Heritage
and
cultural Investment
assets
property
$m
$m
Total
$m
1,024
517
9,279
10,820
54
129
183
1,987
9,094
41,890
52,971
Notes to the financial statements
Note 21: Land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment properties
(continued)
D: Assets at valuation — Reporting period in which asset revaluation took place
Notes to the financial statements
Note 22: Intangibles
General Government
2014
2013
$m
$m
Com puter softw are
Computer softw are - at cost
Accumulated amortisation
Total com puter softw are
Australian Government
2014
2013
$m
$m
7,847
(4,218)
3,629
7,373
(3,794)
3,579
10,510
(5,670)
4,840
9,681
(5,024)
4,657
Other intangibles
Other intangibles - at cost
Accumulated amortisation
Total other intangibles
3,384
(876)
2,508
2,216
(159)
2,057
4,697
(1,216)
3,481
3,455
(290)
3,165
Total intangibles
6,137
5,636
8,321
7,822
A: Reconciliation of movement in intangibles
Australian Government
Computer
softw are
$m
Other
intangibles
$m
Total
$m
9,681
(5,024)
4,657
3,455
(290)
3,165
13,136
(5,314)
7,822
1,210
127
243
1
1,453
128
Revaluations: w rite-ups/(w rite-dow ns)
Reclassification
Amortisation expense
Recoverable amount w rite-dow ns
Reversal of w rite-dow ns
Other movements
Disposals
(5)
48
(1,116)
(69)
(4)
(8)
(14)
(2)
(124)
(140)
84
270
(2)
(19)
46
(1,240)
(209)
84
266
(10)
As at 30 June 2014
Gross book value
Accumulated depreciation
4,840
10,510
(5,670)
3,481
4,697
(1,216)
8,321
15,207
(6,886)
4,840
3,481
8,321
Item
As at 1 July 2013
Gross book value
Accumulated depreciation
Net book value
Additions:
Purchase of new or secondhand assets
Internally generated
Net book value
135
Notes to the financial statements
2014
Note
s 20
to 26
Note 22: Intangibles (continued)
A: Reconciliation of movement in intangibles (continued)
Australian Government
Computer
softw are
$m
Other
intangibles
$m
Total
$m
8,345
(4,106)
4,239
2,704
(207)
2,497
11,049
(4,313)
6,736
Additions:
Purchase of new or secondhand assets
Internally generated
Entity acquisitions
1,334
6
38
358
1
680
1,692
7
718
Revaluations: w rite-ups/(w rite-dow ns)
Reclassification
Amortisation expense
Recoverable amount w rite-dow ns
Other movements
Disposals
(1)
73
(985)
(42)
(1)
(4)
(1)
(77)
(355)
62
-
(1)
72
(1,062)
(397)
61
(4)
4,657
9,681
(5,024)
3,165
3,455
(290)
7,822
13,136
(5,314)
4,657
3,165
7,822
Computer
softw are
$m
Other
intangibles
$m
Total
$m
7,373
(3,794)
3,579
2,216
(159)
2,057
9,589
(3,953)
5,636
762
127
213
1
975
128-
(5)
46
(850)
(51)
26
(5)
1
(56)
(38)
84
248
(2)
(4)
46
(906)
(89)
84
274
(7)
3,629
7,847
(4,218)
2,508
3,384
(876)
6,137
11,231
(5,094)
3,629
2,508
6,137
Item
As at 1 July 2012
Gross book value
Accumulated depreciation
Net book value
As at 30 June 2013
Gross book value
Accumulated depreciation
Net book value
General Government
Item
As at 1 July 2013
Gross book value
Accumulated depreciation
Net book value
Additions:
Purchase of new or secondhand assets
Internally generated
Revaluations: w rite-ups/(w rite-dow ns)
Reclassification
Amortisation expense
Recoverable amount w rite-dow ns
Reversal of w rite-dow ns
Other movements
Disposals
As at 30 June 2014
Gross book value
Accumulated depreciation
Net book value
136
Notes to the financial statements
Note 22: Intangibles (continued)
A: Reconciliation of movement in intangibles (continued)
General Government
Item
As at 1 July 2012
Gross book value
Accumulated depreciation
Net book value
Computer
softw are
$m
Other
intangibles
$m
Total
$m
6,500
(3,079)
3,421
2,216
(136)
2,080
8,716
(3,215)
5,501
886
6
282
1
1,168
7
(1)
73
(773)
(28)
(2)
(3)
(1)
(22)
(344)
61
-
(1)
72
(795)
(372)
59
(3)
3,579
7,373
(3,794)
2,057
2,216
(159)
5,636
9,589
(3,953)
3,579
2,057
5,636
Additions:
Purchase of new or secondhand assets
Internally generated
Revaluations: w rite-ups/(w rite-dow ns)
Reclassification
Amortisation expense
Recoverable amount w rite-dow ns
Other movements
Disposals
As at 30 June 2013
Gross book value
Accumulated depreciation
Net book value
Note 23: Inventories
General Government
2014
2013
$m
$m
Australian Government
2014
2013
$m
$m
Inventories held for sale
Finished goods(a)
Raw materials and stores
Work in progress
Total inventories held for sale
669
63
535
1,267
689
69
424
1,182
734
77
539
1,350
750
82
428
1,260
Inventories not held for sale
Consumable stores and inventories
held for distribution
Total inventories not held for sale
6,986
6,986
6,744
6,744
7,021
7,021
6,778
6,778
Total inventories
8,253
7,926
8,371
8,038
(a) Finished goods includes $231 million valued at net realisable value (2013: $353 million), the remainder is
valued at cost.
Note 24: Other non-financial assets
General Government
Total biological assets
Total assets held for sale
Other non-financial assets:
Prepayments
Other
Total other non-financial assets
137
Australian Government
2014
$m
36
95
2013
$m
33
110
2014
$m
36
143
2013
$m
33
213
2,985
410
3,526
2,463
292
2,898
3,058
2,723
5,960
2,519
1,705
4,470
Notes to the financial statements
General Government
2014
2013
$m
$m
167,318
159,311
75,996
73,095
2,548
1,969
22,761
25,316
5,444
5,120
14,322
7,318
8,164
7,967
13,467
11,697
877
569
451
354
70
70
11,762
11,073
4,458
16,627
63,334
35,273
390,972
355,759
Australian Government
2014
2013
$m
$m
166,730
158,921
76,314
73,413
2,595
2,006
22,761
25,291
3,596
3,240
13,106
6,889
8,139
7,944
13,416
11,664
877
569
451
353
1,856
1,878
19,877
16,658
140,530
103,252
19,548
18,802
489,796
430,880
General public services
Defence
Public order and safety
Education
Health
Social security and w elfare
Housing and community amenities
Recreation and culture
Fuel and energy
Agriculture, forestry and fishing
Mining, manufacturing and construction
Transport and communication
Other economic affairs
Other purposes(b)
Total assets
(a) Refer to Note 46 for description of each function.
(b) Cash and deposits that are not allocated to other functions are included in the ‘Other purposes’ function.
Note 26: Deposit liabilities
General Government
Australian Government
2014
2013
2014
2013
$m
$m
$m
$m
22,379
2,235
Exchange settlement funds
Draw ing accounts held w ith the Reserve Bank
of Australia
State governments
Monies held in trust
Foreign governments
Other
Total deposit liabilities
138
206
5
176
6
824
206
872
307
484
10
176
2,815
404
211
182
24,588
6,124
2014
Note
s 20
to 26
Note 25: Assets by function(a)