19. Reserves
Asset Revaluation Surplus
(i) Nature and purpose of the asset revaluation surplus
The asset revaluation surplus includes the net revaluation increments and decrements arising from the revaluation of non-current assets. Impairment adjustments may also be recognised in the asset revaluation surplus.
| Land | Buildings | Total | ||||
|---|---|---|---|---|---|---|
| 2019 $000 | 2018 $000 | 2019 $000 | 2018 $000 | 2019 $000 | 2018 $000 | |
| (ii) Movements in the asset revaluation surplus | ||||||
| Balance as at 1 July | 15,255 | 15,255 | 28,803 | 24,980 | 44,058 | 40,235 |
| Changes in accounting policies | 0 | 0 | 0 | 0 | 0 | 0 |
| Correction of prior period errors | 0 | 0 | 0 | 0 | 0 | 0 |
| Increment/decrement | 0 | 0 | 0 | 3,823 | 0 | 3,823 |
| Impairment (losses)/reversals | 0 | 0 | 0 | 0 | 0 | 0 |
| Transfers to accumulated funds | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance as at 30 June | 15,255 | 15,255 | 28,803 | 28,803 | 44,058 | 44,058 |
ANNUAL REPORT 2018-19 - DEPARTMENT OF PRIMARY INDUSTRY AND RESOURCES
Give feedback about this page.
Share this page:
URL copied!