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ASX Additional Information

THE GROUP PARENT ENTITY

2008
$’000
2007
$’000
2008
$’000
2007
$’000
NOTE 17 — PROPERTY, PLANT AND EQUIPMENT
CONTINUED
Plant and equipment
At cost at the beginning of the year 343,466 351,727 854 844
Less: Accumulated depreciation at the beginning of the year (243,026) (241,602) (764) (726)
Net balance at the beginning of the year 100,440 110,125 90 118
Additions 12,973 13,899 44 16
Acquisitions through business acquired — 58 — —
Transfer from capital work in progress 6,160 1,002 — —
Net foreign currency differences on translation of foreign operations 696 (2,634) — —
Disposals (268) (798) — (6)
Disposals through sale of business — (760) — —
Reclassification to software (364) — — —
Depreciation (19,809) (20,452) (46) (38)
Impairment write-back 1,481 — — —
Impairment carrying value adjustments (1,156) — — —
Net balance at the end of the year 100,153 100,440 89 90
Leased plant and equipment
At cost at the beginning of the year
Less: Accumulated amortisation at the beginning of the year
2,088
(1,201)
—
—
—
—
—
—
Net balance at the beginning of the year 887 — — —
Transfers (105) — — —
Acquisition through entity acquired — 969 — —
Amortisation (116) (82) — —
Net balance at the end of the year 666 887 — —

Independent valuations of land and buildings

In determining current values for the Group’s interest in land and buildings and integral plant and equipment, including long-term leasehold land
and improvements, directors have relied upon independent valuations from registered qualified valuers. Except for investment properties, which
are revalued every year (refer Note 18), valuations are carried out on a progressive three year cycle. All business segments are not valued at the
one time, the last valuations being completed as at 30 June 2006 and 30 June 2007.

THE GROUP PARENT ENTITY

2008
$’000
2007
$’000
2008
$’000
2007
$’000
Most recent valuations of land and buildings, excluding
investment properties
Due to the diversity of the Group’s operations, valuations have been
prepared on a highest and best alternate use or existing use (going
concern) basis. It is considered that these valuations best approximate
the fair values of the properties at the dates of the valuations.
A summary is set out as follows:
Highest and best alternate use:
Independent valuation — 2007
Existing use:
83,000 83,000 — —
Independent valuation — 2007 424,385 422,857 — —
Independent valuation — 2006 227,278 231,246 — —
734,663 737,103 — —