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65
APN
annual report
2011
notes to the financial statements
APN News & Media Limited and Controlled Entities
11. PROPERTY, PLANT AND EQUIPMENT
Plant and
equipment
$’000
Plant and
Equipment
under finance
lease
$’000
Total
$’000
Freehold Land
(
i)
Buildings
(
i)
$’000
$’000
At 1 January 2010
Cost or fair value
16,284
38,602
460,744
53,352
568,982
Accumulated depreciation
–
–
(303,462)
(2,388)
(305,850)
Capital works in progress
–
–
3,802
–
3,802
Net book amount
16,284
38,602
161,084
50,964
266,934
Year ended 31 December 2010
Opening net book amount
16,284
38,602
161,084
50,964
266,934
Additions
–
56
21,221
–
21,277
Disposals
–
(2,394)
(3,684)
–
(6,078)
Depreciation
–
(1,107)
(30,028)
(3,315)
(34,450)
Transfers and other adjustments
–
50
3,690
–
3,740
Foreign exchange differences
(758)
(1,260)
(6,070)
–
(8,088)
Closing net book amount
15,526
33,947
146,213
47,649
243,335
At 1 January 2011
Cost or fair value
15,526
36,170
501,757
53,352
606,805
Accumulated depreciation
–
(2,223)
(363,057)
(5,703)
(370,983)
Capital works in progress
–
–
7,513
–
7,513
Net book amount
15,526
33,947
146,213
47,649
243,335
Year ended 31 December 2011
Opening net book amount
15,526
33,947
146,213
47,649
243,335
Additions
–
70
32,788
–
32,858
Acquisition of controlled entities
–
–
28
–
28
Disposals
(2,032)
(1,689)
(3,897)
–
(7,618)
Depreciation
–
(1,017)
(27,888)
(3,186)
(32,091)
Impairment
–
–
–
(3,486)
(3,486)
Transfers and other adjustments
–
(141)
(743)
–
(884)
Foreign exchange differences
105
174
645
–
924
Closing net book amount
13,599
31,344
147,146
40,977
233,066
At 31 December 2011
Cost or fair value
13,599
34,376
477,174
53,352
578,501
Accumulated depreciation and impairment
–
(3,032)
(346,690)
(12,375)
(362,097)
Capital works in progress
–
–
16,662
–
16,662
Net book amount
13,599
31,344
147,146
40,977
233,066
(i) The Directors consider that freehold land and buildings are carried at fair value. Independent valuations were carried out in 2009 and carrying values have been adjusted
to reflect such valuations. Independent valuations in 2009 were carried out by certified registered valuers.