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Retrieving Data

Note 22: Property, Plant and Equipment

GROUP PARENT
 
2013
$000
2012
$000
2013
$000
2012
$000
Generation Assets
Balance at beginning of year
Fair value 2,488,312 2,342,802 1,881,000 1,486,036
Cost - 15,776 - 13,303
Capital work in progress 19,474 98,609 14,721 91,144
Accumulated depreciation - (90,138) - (19,602)
2,507,786 2,367,049 1,895,721 1,570,881
Additions at cost 188,034 19,631 18,509 17,757
Depreciation (49,898) (47,770) (16,025) (13,546)
Disposals at net book value (9) (244) (9) (178)
Foreign exchange movements (7,778) (22,016) - -
Revaluations/transfers 178 191,136 168 157,218
Effect of amalgamation of subsidiaries - - - 163,589
Balance at end of year
Fair value 2,482,456 2,488,312 1,880,991 1,881,000
Cost 8,646 - 7,001 -
Capital work in progress 196,651 19,474 26,227 14,721
Accumulated depreciation (49,440) - (15,855) -
2,638,313 2,507,786 1,898,364 1,895,721
Metering Equipment
Balance at beginning of year
Cost 76,642 72,743 76,642 72,743
Accumulated depreciation (42,226) (39,054) (42,226) (39,054)
34,416 33,689 34,416 33,689
Additions at cost 3,138 3,876 3,138 3,876
Depreciation (5,501) (3,177) (5,501) (3,177)
Disposals at net book value - - - -
Transfers 54 28 54 28
Balance at end of year
Cost 79,791 76,642 79,791 76,642
Accumulated depreciation (47,684) (42,226) (47,684) (42,226)
32,107 34,416 32,107 34,416
Other Freehold Buildings
Balance at beginning of year
Cost 14,011 13,428 11,326 10,762
Accumulated depreciation (3,698) (3,461) (3,553) (3,346)
10,313 9,967 7,773 7,416
Additions at cost 126 583 100 564
Depreciation (266) (234) (235) (205)
Disposals at net book value (25) - (25) -
Transfers (178) (3) (178) (2)
Balance at end of year
Cost 13,931 14,011 11,220 11,326
Accumulated depreciation (3,961) (3,698) (3,785) (3,553)
9,970 10,313 7,435 7,773
Other Freehold Land
Balance at beginning of year
Cost 16,710 16,632 7,555 7,482
Additions at cost 1 82 1 74
Disposals at cost - - - -
Foreign exchange movements - (3) - -
Transfers (2) (1) (2) (1)
Balance at end of year
Cost 16,709 16,710 7,554 7,555
Other Plant and Equipment
Balance at beginning of year
Cost 29,828 21,150 23,236 19,420
Accumulated depreciation (14,068) (12,704) (13,708) (12,401)
15,760 8,446 9,528 7,019
Additions at cost 6,447 7,460 5,357 2,370
Depreciation (2,392) (1,699) (2,137) (1,630)
Disposals at net book value (159) (148) (147) (148)
Foreign exchange movements (115) (180) - -
Transfers (52) 1,881 (42) 1,833
Effect of amalgamation of subsidiaries - - - 84
Balance at end of year
Cost 35,137 29,828 27,588 23,236
Accumulated depreciation (15,648) (14,068) (15,029) (13,708)
19,489 15,760 12,559 9,528
Total
Balance at beginning of year
Fair value 2,488,312 2,342,802 1,881,000 1,486,036
Cost 137,191 139,729 118,759 123,710
Capital work in progress 19,474 98,609 14,721 91,144
Accumulated depreciation (59,992) (145,357) (59,487) (74,403)
2,584,985 2,435,783 1,954,993 1,626,487
Additions at cost 197,746 31,632 27,105 24,641
Depreciation (58,057) (52,880) (23,898) (18,558)
Disposals at net book value (193) (392) (181) (326)
Foreign exchange movements (7,893) (22,199) - -
Revaluations/transfers - 193,041 - 159,076
Effect of amalgamation of subsidiaries - - - 163,673
Balance at end of year
Fair value 2,482,456 2,488,312 1,880,991 1,881,000
Cost 154,214 137,191 133,154 118,759
Capital work in progress - generation assets 196,651 19,474 26,227 14,721
Accumulated depreciation (116,733) (59,992) (82,353) (59,487)
2,716,588 2,584,985 1,958,019 1,954,993
           
If generation assets were stated on an historical cost basis, the amounts would be as follows:
           
Generation assets (at cost) 1,510,333 1,505,243 992,243 985,240
Generation assets under construction (at cost) 196,651 19,474 26,227 14,721
Generation assets accumulated depreciation (359,824) (309,926) (167,328) (151,303)
1,347,160 1,214,791 851,142 848,658
           
Generation assets include freehold land and buildings which are not separately identifiable from other generation assets. Generation assets were independently revalued, using a discounted cash flow methodology, as at 31 March 2012 to their estimated market value as assessed by Deloitte Corporate Finance. See note 38 for significant assumptions.Included in the capital work in progress as at 31 March 2013 are capitalised borrowing costs of $4,807,000 (2012: $27,000).