51
F I N A N C I A L S T A T E M E N T S
2 0 1 5 |
WE L ANNUA L REPOR T
51
9. Property, plant and equipment (continued)
Land and
buildings
($000)
Distribution
network
($000)
Plant and
equipment
($000)
Generation
assets
($000)
Total
($000)
Parent
Year ended 31 March 2014
Opening net book amount
12,155
470,438
17,655
1
500,249
Additions
2
35,895
11,604
-
47,501
Work in progress
-
4,215
68
-
4,283
Disposals
-
(5,687)
(456)
(1)
(6,144)
Depreciation charge
(148)
(17,961)
(2,849)
-
(20,958)
Closing net book amount
12,009
486,900
26,022
-
524,931
At 31 March 2014
Cost or valuation
12,231
504,684
35,139
-
552,054
Accumulated depreciation
(222)
(17,784)
(9,117)
-
(27,123)
Net book amount
12,009
486,900
26,022
-
524,931
Capital work in progress included
in cost and net book amount
-
24,796
71
-
24,867
Year ended 31 March 2015
Opening net book amount
12,009
486,900
26,022
-
524,931
Additions
5
43,878
7,095
-
50,978
Work in progress
-
191
5,585
-
5,776
Disposals
-
(2,567)
(445)
-
(3,012)
Depreciation charge
(148)
(17,852)
(3,422)
-
(21,422)
Closing net book amount
11,866
510,550
34,835
-
557,251
At 31 March 2015
Cost or valuation
12,236
545,948
46,745
-
604,929
Accumulated depreciation
(370)
(35,398)
(11,910)
-
(47,678)
Net book amount
11,866
510,550
34,835
-
557,251
Capital work in progress included in cost and net
book amount
-
24,987
5,656
-
30,643
If property, plant and equipment were stated on the historical cost basis, the amounts would be as follows:
Cost
10,013
439,625
35,139
-
484,777
Accumulated depreciation
(222)
(156,668)
(9,117)
-
(166,007)
Net book amount at 31 March 2014
9,791
282,957
26,022
-
318,770
Cost
10,020
480,509
46,745
-
537,274
Accumulated depreciation
(370)
(163,144)
(11,910)
-
(175,424)
Net book amount at 31 March 2015
9,650
317,365
34,835
-
361,850
Fair value measurement
The following table analyses the non-financial assets carried at fair value, by valuation method:
FA I R VALUE MEASUREMENTS AT 31 MARCH 2015 US I NG
Quoted prices in active
markets for identical
assets (Level 1)
Significant other
observable inputs
(Level 2)
Significant
unobservable
inputs (Level 3)
Recurring fair value measurements
Land and buildings
4,563
7,303
-
Distribution network
-
-
504,684
Valuations are performed on at least a triennial period. There was no valuation performed at March 2015.
