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Notes to the consolidated fnancial statements (continued)

for the year ended 30 June 2011

16. Property, plant and equipment

Land & Leasehold Plant & Land & Leasehold Plant &

buildings Improvements Equipment Total buildings Improvements Equipment Total 2011 2011 2011 2011 2010 2010 2010 2010 Consolidated $m $m $m $m $m $m $m $m

Gross carrying amount 122 302 552 976 120 280 534 934 Less: accumulated depreciation

and impairment losses (22) (197) (406) (625) (20) (168) (388) (576) Balance at the end of the

fnancial year 100 105 146 351 100 112 146 358

Movements

Balance at the beginning

of the fnancial year 100 112 146 358 104 127 176 407 Additions 1 5 99 105 – 14 67 81 Disposals/write-offs – (1) (15) (16) (3) (5) (17) (25) Depreciation (1) (31) (61) (93) (1) (28) (75) (104) Transfers between classes – 20 (20) – – 4 (4) – Foreign currency

exchange movement – – (3) (3) – – (1) (1) Balance at the end of the

fnancial year 100 105 146 351 100 112 146 358

As at 30 June 2011, $33 million of property, plant and equipment is classifed as held for sale. This relates to the Suncorp Centre, a property located in Brisbane which is for sale as part of the Suncorp Group’s Brisbane real estate consolidation project. The property is measured at its carrying amount upon being classifed as held for sale. As the fair value less cost to sale is greater than the carrying amount, no impairment loss has been recognised in the consolidated statement of comprehensive income. It belongs to the Corporate operating segment. On 22 July 2011, the Suncorp Group entered into a call and put option agreement with a potential purchaser in relation to the sale of the Suncorp Centre for $63 million. Further details can be found in note 36.

17. Other assets

CONSOLIDATED

2011 2010 Note $m $m

Accrued income 309 273 Investment property carried at fair value 17.1 137 144 Investments in associates and joint venture entities 17.2 60 62 Development property 17.3 37 44 Surplus on defned beneft funds 13 4 9 Other assets 139 102 Total other assets 686 634

Current 417 372 Non-current 269 262 Total other assets 686 634