Berry Street Web Docs Financial Report 2014 | Page 20

BERRY STREET VICTORIA INC.
ABN 24 719 196 762

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014

2014

2013

$

$

NOTE 8: PROPERTY, PLANT AND EQUIPMENT
LAND AND BUILDINGS
Freehold land at fair value:
Total land

5,462,300
5,462,300

5,897,300
5,897,300

8,156,688
(2,715,816)

8,068,270
(2,119,832)

5,440,872

5,948,438

Total land and buildings

10,903,172

11,845,738

PLANT AND EQUIPMENT
At cost
Less accumulated depreciation
Total plant and equipment

7,042,627
(5,108,386)
1,934,241

7,127,386
(4,958,602)
2,168,784

TOTAL PROPERTY, PLANT AND EQUIPMENT

12,837,413

14,014,522

Buildings at fair value:
Less accumulated depreciation
Total buildings

Movements in Carrying Amounts
Movement in the carrying amounts for each class of property, plant and equipment between the beginning
and the end of the current financial year:
Land and
Buildings
$
2014
Balance at the beginning of the year
Additions
Disposals
Depreciation expense
Carrying amount at end of year

11,845,738
673,394
(987,575)
(628,385)
10,903,172

19

Motor
Vehicles
$
1,361,649
590,807
(484,524)
(388,584)
1,079,348

Furniture and
Equipment
$
807,135
615,820
(568,062)
854,893

Total
$
14,014,522
1,880,021
(1,472,099)
(1,585,031)
12,837,413