Consolidated notes to the Financial Statements For year ended 31 March 2021
NOTE 14. PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Reconciliations of the written down values at the beginning and end of the current and previous financial year are set out below:
Balance at 1 April 2019 Additions* Disposals Revaluation
Generation assets $000
Plant and equipment $000
Right of use assets $000
Work in progress $000
Total $000
980,433
9,177
22,669
77,664
1,089,943
88,344
-
162
378,336
466,842
(554,777)
(171)
(8,038)
-
(562,986)
84,788
-
-
-
84,788
Foreign exchange movements
3,071
2
69
1,309
4,451
Transfers between categories
12,537
1,601
-
(65,931)
(1,044)
(1,501)
548,465
9,565
13,361
443,171
1,014,562
4,855
-
9,094
352,674
366,623
Depreciation expense Balance at 31 March 2020 Additions* Disposals Revaluation Foreign exchange movements
(4,015) 118,775 (7,049)
(5) 412
(254) 116,207
(14,138) -
(3,205)
(68,476)
(4,015) 118,775 (10,513)
Transfers between categories
128,688
Depreciation expense
(32,533)
(1,346)
Balance at 31 March 2021
757,186
8,626
131,427
547,333
1,444,572
Australia
230,578
8,592
118,600
546,232
904,002
New Zealand
526,608
34
12,827
1,101
540,570
757,186
8,626
131,427
547,333
1,444,572
357,320
9,503
8,853
388,314
763,990
191,145
62
4,508
54,857
250,572
548,465
9,565
13,361
443,171
1,014,562
(6,981)
(245,307) -
(40,860)
Closing balance by country - 2021
Closing balance by country - 2020 Australia New Zealand
* Work in progress additions primarily relate to the construction costs associated with the Dundonnell Wind Farm project in Australia and Waipipi Wind Farm project in New Zealand.
92