Notes to the financial statements Note 20: Land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment properties General Government 2012 2011 $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 military equipment Specialist military equipment - at cost Accumulated depreciation Total specialist military equipment Other plant, equipment and infrastructure Other plant, equipment and infrastructure - at cost Accumulated depreciation Other plant, equipment and infrastructure - at valuation(a) Accumulated depreciation Australian Government 2012 2011 $m $m 1 8,647 8,648 2 8,686 8,688 212 8,943 9,155 206 8,986 9,192 2,499 (226) 2,273 24,052 (2,993) 21,059 23,332 31,980 2,387 (205) 2,182 22,970 (2,704) 20,266 22,448 31,136 4,659 (1,107) 3,552 24,915 (3,022) 21,893 25,445 34,600 4,442 (1,052) 3,390 23,775 (2,716) 21,059 24,449 33,641 74,915 (34,587) 40,328 40,328 72,848 (34,210) 38,638 38,638 74,915 (34,587) 40,328 40,328 72,848 (34,210) 38,638 38,638 1,263 (83) 1,180 1,496 (142) 1,354 4,982 (1,219) 3,763 4,355 (1,189) 3,166 14,266 13,553 (2,912) (2,990) 11,354 10,563 Total other plant, equipment and infrastructure 12,534 11,917 Total plant, equipment and infrastructure 52,862 50,555 (a) Refer Note 1.16 for details regarding the valuation methodologies adopted. The which these assets were revalued are detailed in Note 20, Table D. 93 19,380 18,159 (4,484) (4,134) 14,896 14,025 18,659 17,191 58,987 55,829 reporting periods in Notes to the financial statements Note 20: Land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment properties (continued) General Government 2012 2011 $m $m HERITAGE AND CULTURAL ASSETS Heritage and cultural assets Heritage and cultural assets - at cost Accumulated depreciation 55 (53) 2 10,446 (15) 10,431 10,433 Heritage and cultural assets - at valuation(a) Accumulated depreciation 168 (168) 9,848 (102) 9,746 9,746 Australian Government 2012 2011 $m $m 55 (53) 2 10,446 (15) 10,431 10,433 168 (168) 9,848 (102) 9,746 9,746 Total heritage and cultural assets INVESTMENT PROPERTY Investment property Investment property - at valuation(a) 181 472 377 655 Accumulated depreciation Total investment property 181 472 377 655 Total land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment property 95,456 91,909 104,397 99,871 (a) Refer Note 1.16 for details regarding the valuation methodologies adopted. The reporting periods in which these assets were revalued are detailed in Note 20, Table D. 94 Note 20: 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) Australian Government Total land and Land Buildings Specialist military buildings 95 Total plant, equipment and Heritage and cultural Investment assets property Total $m infrastructure $m $m $m $m 72,848 (34,210) 38,638 22,514 (5,323) 17,191 95,362 (39,533) 55,829 10,016 (270) 9,746 655 655 143,442 (43,571) 99,871 4,165 (71) (2,546) (457) 600 (1) 40,328 74,915 (34,587) 40,328 3,551 16 (84) 113 (1,676) (406) 20 (66) 18,659 24,362 (5,703) 18,659 7,716 16 (84) 42 (4,222) (863) 620 (67) 58,987 99,277 (40,290) 58,987 55 694 (6) (51) (6) 3 (2) 10,433 10,501 (68) 10,433 8 4 (116) (15) (1) (158) 377 377 377 10,184 16 887 (249) (5,638) (986) 646 (334) 104,397 148,884 (44,487) 104,397 equipment $m Notes to the financial statements Item $m $m $m As at 1 July 2011 Gross book value 9,192 28,217 37,409 Accumulated depreciation (3,768) (3,768) Net book value 9,192 24,449 33,641 Additions: Purchase of new or secondhand assets 137 2,268 2,405 Acquisition by finance lease Entity acquisitions Revaluations: write-ups/(write-downs) 36 237 273 Reclassification (76) (93) (169) Depreciation/amortisation expense (1,365) (1,365) Recoverable amount write-downs (17) (85) (102) Reversal of write-downs Other movements (38) 62 24 Disposals (79) (28) (107) As at 30 June 2012 9,155 25,445 34,600 Gross book value 9,155 29,574 38,729 Accumulated depreciation (4,129) (4,129) Net book value 9,155 25,445 34,600 (a) This table is inclusive of amounts detailed in Tables B, C and D below. Other plant, equipment and infrastructure Australian Government Total land and Land Buildings Specialist military buildings 96 Item $m $m $m As at 1 July 2010 Gross book value 9,036 26,990 36,026 Accumulated depreciation (3,786) (3,786) Net book value 9,036 23,204 32,240 Additions: Purchase of new or secondhand assets 131 2,057 2,188 Acquisition by finance lease 9 9 Entity acquisitions Revaluations: write-ups/(write-downs) 171 639 810 Reclassification (64) (81) (145) Depreciation/amortisation expense (1,304) (1,304) Recoverable amount write-downs (18) (66) (84) Reversal of write-downs Other movements 78 (135) (57) Disposals (142) 126 (16) As at 30 June 2011 9,192 24,449 33,641 Gross book value 9,192 28,217 37,409 Accumulated depreciation (3,768) (3,768) Net book value 9,192 24,449 33,641 (a) This table is inclusive of amounts detailed in Tables B, C and D below. Other plant, equipment and infrastructure Total plant, equipment and Heritage and cultural Investment assets property Total $m infrastructure $m $m $m $m 69,233 (32,877) 36,356 19,808 (4,239) 15,569 89,041 (37,116) 51,925 9,521 (153) 9,368 730 (1) 729 135,318 (41,056) 94,262 5,315 7 (2,710) (530) 6 194 38,638 72,848 (34,210) 38,638 3,137 50 5 719 (43) (1,562) (489) 59 (254) 17,191 22,514 (5,323) 17,191 8,452 50 5 719 (36) (4,272) (1,019) 6 253 (254) 55,829 95,362 (39,533) 55,829 60 328 (3) (50) (3) 49 (3) 9,746 10,016 (270) 9,746 1 3 1 (1) (29) (49) 655 655 655 10,701 59 5 1,860 (183) (5,626) (1,107) 6 216 (322) 99,871 143,442 (43,571) 99,871 equipment $m Notes to the financial statements Note 20: 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) Note 20: 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 Total land and Land Buildings Specialist military buildings 97 Total plant, equipment and Heritage and cultural Investment assets property Total $m infrastructure $m $m $m $m 72,848 (34,210) 38,638 15,049 (3,132) 11,917 87,897 (37,342) 50,555 10,016 (270) 9,746 472 472 132,430 (40,521) 91,909 4,165 (71) (2,546) (457) 600 (1) 40,328 74,915 (34,587) 40,328 1,695 16 229 114 (1,305) (107) 17 (42) 12,534 15,529 (2,995) 12,534 5,860 16 229 43 (3,851) (564) 617 (43) 52,862 90,444 (37,582) 52,862 55 694 (6) (51) (6) 3 (2) 10,433 10,500 (67) 10,433 4 4 (128) (13) (1) (157) 181 181 181 8,160 16 1,134 (249) (5,178) (685) 653 (304) 95,456 136,324 (40,868) 95,456 equipment $m Notes to the financial statements Item $m $m $m As at 1 July 2011 Gross book value 8,688 25,357 34,045 Accumulated depreciation (2,909) (2,909) Net book value 8,688 22,448 31,136 Additions: Purchase of new or secondhand assets 123 2,118 2,241 Acquisition by finance lease Entity acquisitions Revaluations: write-ups/(write-downs) 31 176 207 Reclassification (63) (95) (158) Depreciation/amortisation expense (1,276) (1,276) Recoverable amount write-downs (17) (85) (102) Reversal of write-downs Other movements (36) 70 34 Disposals (78) (24) (102) As at 30 June 2012 8,648 23,332 31,980 Gross book value 8,648 26,551 35,199 Accumulated depreciation (3,219) (3,219) Net book value 8,648 23,332 31,980 (a) This table is inclusive of amounts detailed in Tables B, C and D below. Other plant, equipment and infrastructure General Government Total land and Land Buildings Specialist military buildings 98 Item $m $m $m As at 1 July 2010 Gross book value 8,562 24,412 32,974 Accumulated depreciation (2,975) (2,975) Net book value 8,562 21,437 29,999 Additions: Purchase of new or secondhand assets 130 1,996 2,126 Acquisition by finance lease 9 9 Entity acquisitions Revaluations: write-ups/(write-downs) 156 560 716 Reclassification (46) (85) (131) Depreciation/amortisation expense (1,222) (1,222) Recoverable amount write-downs (1) (57) (58) Reversal of write-downs Other movements 83 (135) (52) Disposals (196) (55) (251) As at 30 June 2011 8,688 22,448 31,136 Gross book value 8,688 25,357 34,045 Accumulated depreciation (2,909) (2,909) Net book value 8,688 22,448 31,136 (a) This table is inclusive of amounts detailed in Tables B, C and D below. Other plant, equipment and infrastructure Total plant, equipment and Heritage and cultural Investment assets property Total $m infrastructure $m $m $m $m 69,233 (32,877) 36,356 14,064 (2,723) 11,341 83,297 (35,600) 47,697 9,520 (153) 9,367 505 (1) 504 126,296 (38,729) 87,567 5,315 7 (2,710) (530) 6 194 38,638 72,848 (34,210) 38,638 1,868 50 197 (39) (1,267) (33) 59 (259) 11,917 15,049 (3,132) 11,917 7,183 50 197 (32) (3,977) (563) 6 253 (259) 50,555 87,897 (37,342) 50,555 60 327 (3) (50) (3) 51 (3) 9,746 10,016 (270) 9,746 (4) 1 (29) 472 472 472 9,369 59 1,236 (165) (5,249) (624) 6 223 (513) 91,909 132,430 (40,521) 91,909 equipment $m Notes to the financial statements Note 20: 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) Note 20: Land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment properties (continued) B: Assets held under finance lease Australian Government Total land and Land 99 Item As at 30 June 2012 Gross value Accumulated depreciation/amortisation Net book value As at 30 June 2011 Gross value Accumulated depreciation/amortisation Net book value Buildings Specialist military buildings Other plant, equipment and infrastructure Total plant, equipment and Investment assets property Total $m infrastructure $m $m $m $m $m $m 88 88 848 (73) 775 936 (73) 863 - 179 (21) 158 179 (21) 158 - - 1,115 (94) 1,021 98 98 953 (85) 868 1,051 (85) 966 - 306 (107) 199 306 (107) 199 - - 1,357 (192) 1,165 Total land and Specialist military Other plant, equipment and infrastructure Total plant, equipment and Heritage and cultural Investment Land Buildings buildings assets property Total $m infrastructure $m $m $m $m $m $m $m equipment $m 88 88 848 (73) 775 936 (73) 863 - 142 (16) 126 142 (16) 126 - - 1,078 (89) 989 98 98 953 (85) 868 1,051 (85) 966 - 264 (102) 162 264 (102) 162 - - 1,315 (187) 1,128 Notes to the financial statements $m equipment $m General Government Item As at 30 June 2012 Gross value Accumulated depreciation/amortisation Net book value As at 30 June 2011 Gross value Accumulated depreciation/amortisation Net book value Heritage and cultural Australian Government Total land and Land 100 Item As at 30 June 2012 Gross value Accumulated depreciation/amortisation Net book value As at 30 June 2011 Gross value Accumulated depreciation/amortisation Net book value Buildings Specialist military buildings Other plant, equipment and infrastructure Total plant, equipment and Heritage and cultural Investment assets property Total $m infrastructure $m $m $m $m $m $m $m equipment $m 1 1 2,232 2,232 2,233 2,233 10,712 10,712 2,543 2,543 13,255 13,255 2 2 - 15,490 15,490 - 2,258 2,258 2,258 2,258 11,726 11,726 2,333 2,333 14,059 14,059 - - 16,317 16,317 Notes to the financial statements Note 20: Land and buildings, plant, equipment and infrastructure, heritage and cultural assets and investment properties (continued) C: Assets under construction General Government Total land and Land Item As at 30 June 2012 Gross value Accumulated depreciation/amortisation Net book value As at 30 June 2011 Gross value Accumulated depreciation/amortisation Net book value Buildings Specialist military buildings Other plant, equipment and infrastructure Total plant, equipment and Heritage and cultural Investment assets property Total $m infrastructure $m $m $m $m $m $m $m equipment $m 1 1 2,184 2,184 2,185 2,185 10,712 10,712 1,170 1,170 11,882 11,882 2 2 - 14,069 14,069 - 2,245 2,245 2,245 2,245 11,726 11,726 1,180 1,180 12,906 12,906 - - 15,151 15,151 101 Note 20: 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 Australian Government Total land and Land buildings $m $m $m equipment $m 71 536 8,337 8,943 2,187 1,750 17,956 21,893 2,258 2,286 26,293 30,836 - Other plant, equipment and infrastructure Total plant, equipment and Heritage and cultural Investment assets property Total $m infrastructure $m $m $m $m 6 244 3,856 10,791 14,896 6 244 3,856 10,791 14,896 78 10,353 10,431 377 377 6 2,579 6,142 47,813 56,540 Notes to the financial statements Item Net book value at fair value Assets at valuation - 2008-09 Assets at valuation - 2009-10 Assets at valuation - 2010-11 Assets at valuation - 2011-12 Net book value at fair value Buildings Specialist military Total land and Land Item Net book value at fair value Assets at valuation - 2008-09 Assets at valuation - 2009-10 Assets at valuation - 2010-11 Assets at valuation - 2011-12 Net book value at fair value Buildings Specialist military buildings $m $m $m equipment $m 71 404 8,172 8,647 2,187 1,551 17,321 21,059 2,258 1,955 25,493 29,706 - Other plant, equipment and infrastructure Total plant, equipment and Heritage and cultural Investment assets property Total $m infrastructure $m $m $m $m 6 126 959 10,264 11,355 6 126 959 10,263 11,354 78 10,353 10,431 181 181 6 2,462 2,914 46,291 51,672 Notes to the financial statements General Government 102 Notes to the financial statements Note 21: Intangibles General Government 2012 2011 $m $m Computer software Computer software - at cost Accumulated amortisation Total computer software Other intangibles Other intangibles - at cost Accumulated amortisation Total other intangibles Total intangibles Australian Government 2012 2011 $m $m 6,500 (3,079) 3,421 5,888 (3,044) 2,844 8,345 (4,106) 4,239 7,285 (3,942) 3,343 2,216 (136) 2,080 5,501 1,655 (114) 1,541 4,385 2,704 (207) 2,497 6,736 2,139 (153) 1,986 5,329 A: Reconciliation of movement in intangibles Australian Government Item As at 1 July 2011 Gross book value Accumulated depreciation Net book value Additions: Purchase of new or secondhand assets Acquisition by finance lease Internally generated Entity acquisitions Revaluations: write-ups/(write-downs) Reclassification Amortisation expense Recoverable amount write-downs Reversal of write-downs Other movements Disposals As at 30 June 2012 Gross book value Accumulated depreciation Net book value 103 Computer software $m Other intangibles $m Total $m 7,285 (3,942) 3,343 2,139 (153) 1,986 9,424 (4,095) 5,329 1,697 63 (1) 1 (785) (62) (12) (5) 4,239 8,345 (4,106) 4,239 635 4 1 (56) (78) 4 10 (9) 2,497 2,704 (207) 2,497 2,332 67 (1) 2 (841) (140) 4 (2) (14) 6,736 11,049 (4,313) 6,736 Notes to the financial statements Note 21: Intangibles (continued) A: Reconciliation of movement in intangibles (continued) Australian Government Item As at 1 July 2010 Gross book value Accumulated depreciation Net book value Additions: Purchase of new or secondhand assets Acquisition by finance lease Internally generated Entity acquisitions Revaluations: write-ups/(write-downs) Reclassification Amortisation expense Recoverable amount write-downs Reversal of write-downs Other movements Disposals As at 30 June 2011 Gross book value Accumulated depreciation Net book value Computer software $m Other intangibles $m Total $m 6,564 (3,480) 3,084 1,578 (107) 1,471 8,142 (3,587) 4,555 858 123 45 (2) (714) (45) (8) 2 3,343 7,285 (3,942) 3,343 459 119 142 (2) (44) (192) 39 (6) 1,986 2,139 (153) 1,986 1,317 242 187 (4) (758) (237) 31 (4) 5,329 9,424 (4,095) 5,329 Computer software $m Other intangibles $m Total $m 5,888 (3,044) 2,844 1,655 (114) 1,541 7,543 (3,158) 4,385 1,226 63 - 631 4 - (1) 5 (637) (61) (14) (4) 3,421 6,500 (3,079) 3,421 13 (25) (78) 4 (1) (9) 2,080 2,216 (136) 2,080 1,857 67 (1) 18 (662) (139) 4 (15) (13) 5,501 8,716 (3,215) 5,501 Note 21: Intangibles (continued) A: Reconciliation of movement in intangibles (continued) General Government Item As at 1 July 2011 Gross book value Accumulated depreciation Net book value Additions: Purchase of new or secondhand assets Acquisition by finance lease Internally generated Entity acquisitions Revaluations: write-ups/(write-downs) Reclassification Amortisation expense Recoverable amount write-downs Reversal of write-downs Other movements Disposals As at 30 June 2012 Gross book value Accumulated depreciation Net book value 104 Notes to the financial statements Note 21: Intangibles (continued) A: Reconciliation of movement in intangibles (continued) General Government Item As at 1 July 2010 Gross book value Accumulated depreciation Net book value Additions: Purchase of new or secondhand assets Acquisition by finance lease Internally generated Entity acquisitions Revaluations: write-ups/(write-downs) Reclassification Amortisation expense Recoverable amount write-downs Reversal of write-downs Other movements Disposals As at 30 June 2011 Gross book value Accumulated depreciation Net book value Computer software $m Other intangibles $m Total $m 5,437 (2,703) 2,734 1,376 (78) 1,298 6,813 (2,781) 4,032 685 63 (2) 1 (596) (32) (8) (1) 2,844 5,888 (3,044) 2,844 454 1 (2) 20 (31) (189) 17 (27) 1,541 1,655 (114) 1,541 1,139 64 (4) 21 (627) (221) 9 (28) 4,385 7,543 (3,158) 4,385 Note 22: Inventories General Government 2012 2011 $m $m Inventories held for sale Finished goods(a) 669 Raw materials and stores 48 Work in progress 377 Total inventories held for sale 1,094 Inventories not held for sale Consumable stores and inventories held for distribution 6,245 Total inventories not held for sale 6,245 Total inventories 7,339 (a) Finished goods includes $376 million valued at net realisable value, is valued at cost. 105 Australian Government 2012 2011 $m $m 596 48 241 885 5,989 5,989 6,874 (2011: $305 735 65 386 1,186 6,274 6,274 7,460 million), the 663 60 246 969 6,018 6,018 6,987 remainder Notes to the financial statements Note 23: 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 Australian Government 2012 $m 37 90 2011 $m 104 154 2012 $m 37 198 2011 $m 104 269 2,495 230 2,852 2,023 249 2,530 2,511 1,046 3,792 2,092 678 3,143 Note 24: Assets by function(a) General Government 2012 2011 $m $m 142,316 142,945 72,145 69,389 1,884 1,764 22,984 18,964 4,708 5,165 6,766 6,712 6,716 6,459 11,441 10,959 662 538 316 284 70 52 10,957 8,815 14,078 12,275 32,477 31,286 327,520 315,607 Australian Government 2012 2011 $m $m 141,701 140,634 72,470 69,709 1,914 1,797 22,928 18,944 3,680 3,340 6,429 6,374 6,683 6,436 11,432 10,959 662 538 316 284 2,075 2,300 11,775 10,193 86,678 79,551 21,835 25,989 390,578 377,048 General public services Defence Public order and safety Education Health Social security and welfare 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 Note 45 for description of each function. (b) Cash and deposits that are not allocated to other functions are included in the ‘Other purposes’ function. 106 Notes to the financial statements Note 25: Deposit liabilities General Government 2012 2011 $m $m - Exchange settlement funds Drawing accounts held with the Reserve Bank of Australia State governments Monies held in trust Foreign governments Other Total deposit liabilities 185 7 192 202 6 208 Australian Government 2012 2011 $m $m 1,567 2,413 215 2 185 542 502 3,013 1,081 2 202 779 425 4,902 Note 26: Government securities Treasury bonds Treasury notes Treasury indexed bonds Other Total government securities General Government 2012 2011 $m $m 230,063 165,611 12,446 16,021 25,668 19,645 1,598 478 269,775 201,755 Australian Government 2012 2011 $m $m 230,063 165,611 12,446 16,021 25,668 19,645 21 21 268,198 201,298 General Government 2012 2011 $m $m 3,260 3,850 793 864 4,053 4,714 Australian Government 2012 2011 $m $m 3,706 4,163 3,273 2,829 636 609 7,615 7,601 Note 27: Loans Bills of exchange and promissory notes Bonds (non-Treasury) Loans Total loans Loans maturity schedule Not later than one year Later than one year and not later than two years Later than two years and not later than five years Later than five years Total loans by maturity 125 52 364 3,512 4,053 107 229 100 237 4,148 4,714 938 592 1,663 4,422 7,615 883 724 1,005 4,989 7,601