19. Reserves

Asset Revaluation Surplus

(i) Nature and purpose of the asset revaluation surplus

The asset revaluation surplus includes the net revaluation increments and decrements arising from the revaluation of non-current assets. Impairment adjustments may also be recognised in the asset revaluation surplus.

 LandBuildingsTotal
  2019
$000
2018
$000
2019
$000
2018
$000
2019
$000
2018
$000
(ii) Movements in the asset revaluation surplus      
Balance as at 1 July 15,255 15,255 28,803 24,980 44,05840,235
Changes in accounting policies 0 0 0 0 00
Correction of prior period errors 0 0 0 0 00
Increment/decrement 0 0 0 3,823 03,823
Impairment (losses)/reversals 0 0 0 0 00
Transfers to accumulated funds 0 0 0 0 00
Balance as at 30 June 15,255 15,255 28,803 28,803 44,05844,058

ANNUAL REPORT 2018-19 - DEPARTMENT OF PRIMARY INDUSTRY AND RESOURCES


Last updated: 23 October 2019

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