ANNUAL REP ORT 20 20
Notes to the consolidated financial statements (continued) FO R THE YE A R END ED 31 M A RC H 2 02 0
6. PROPERTY, PLANT AND EQUIPMENT Freehold land at valuation
Property Buildings under Plant and Furniture at development equipment and fittings valuation at cost at cost at cost
Motor vehicles at cost
Right-ofuse assets
Total
$000
$000
$000
$000
$000
$000
$000
$000
321,798
359,482
444,284
82,150
47,305
11,503
-
1,266,522
-
-
-
-
-
-
13,381
13,381
321,798
359,482
444,284
82,150
47,305
11,503
13,381
1,279,903
2020 Gross carrying amount Balance at 1 April 2019 Recognition of right-of-use asset on initial application of NZ IFRS 16 Adjusted balance at 1 April 2019 Additions
80
6,483
289,749
17,588
1,951
2,351
7,323
325,525
Net foreign-currency exchange difference
(584)
(182)
(3,475)
(18)
9
(5)
(103)
(4,358)
Transfer from property under development
7,678
25,553
(37,136)
1,132
2,773
-
-
-
Transfer from property under development to investment property
-
-
(108,612)
-
-
-
-
(108,612)
328,972
391,336
584,810
100,852
52,038
13,849
Balance at 1 April 2019
-
(2,101)
-
(30,760)
(37,758)
(6,963)
-
(77,582)
Current-year depreciation
-
(7,683)
-
(8,722)
(5,477)
(1,338)
(1,787)
(25,007)
Depreciation capitalised to property under development
-
-
-
-
-
-
(3,797)
(3,797)
Balance at 31 March 2020
-
(9,784)
-
(39,482)
(43,235)
(8,301)
(5,584) (106,386)
328,972
381,552
584,810
61,370
8,803
5,548
15,017 1,386,072
Balance at 31 March 2020
20,601 1,492,458
Accumulated depreciation
Total book value
69