City of Melbourne Annual Report 2008-09
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City of Melbourne 2009/10 Annual Report
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City of Melbourne
Financials 2008-09
Understanding our Financials
Standard Statements
Income
Income - comparison report
Balance sheet
Balance sheet - comparison report
Cashflow - (reconciliation)
Cashflow - (reconciliation) comparison report
Cashflow
Council works
Council works - comparison report
Financial Statements
Prepared in accordance with the Local Government Act 1989, Local Government Regulations 2001, and applicable Australian Accounting Standards.
Income statement
Balance sheet
Cash flows
Changes in equity (consolidated)
Changes in equity (council)
Notes
01 Significant accounting policies
02 Operating result attributes to functions/activities
03 Revenues from ordinary activities
04 Expenses from ordinary activities
05 Trade and other receivables
06 Inventories
07 Other financial assets
08 Other current assets
09 Property, plant equipment and infrastructure
10 Intangible assets
11 Investment property
12 Trade and other payables
13 Employee benefits
14 Provisions
15 Reserves
16 Gain/(loss) on sale of fixed and intangible assets
17 Cash flow information
18 Leases and commitments
19 Contingent assets and liabilities
20 Superannuation
21 Related party transactions
22 Financial instruments
23 Financial ratios
Statement by Councillors, Chief Executive and Principal Accounting Officer
Auditor-General's Report
Five year statistics
 
Notes
For the year ended 30 June 2009
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Note 11. Investment property          
  Consolidated   Council
  2009 2008   2009 2008
  $'000 $'000 Note $'000 $'000
a) Gains/(loss) on sale of investment properties
Proceeds from sale - 9,828   - 9,828
Carrying amount of assets sold - (4,870)   - (4,870)
Gain/(Loss) on sale - 4,958   - 4,958
 
b) Amounts recognised in Income Statement for Investment Properties
Property Rental 8,411 3,138   8,411 7,271
Operating Expenses for rental generating properties 2,233 462   2,233 1,940
Operating Expenses for non rental generating properties 6,837 7,803   6,837 7,803
 
c) Reconciliation of carrying amounts
Land          
Carrying amount at beginning 25,280 22,323   25,280 22,323
Net gain/(loss) from fair value adjustment - 5,047   - 5,047
Additions 6,975 -   6,975 -
Disposals - (2,090)   - (2,090)
Carrying amount at end of period 32,255 25,280   32,255 25,280
Buildings          
Carrying amount at beginning 54,056 41,472   54,056 41,472
Net gain/(loss) from fair value adjustment - 15,364   - 15,364
Additions 3,135 -   3,135 -
Disposals - (2,780)   - (2,780)
Carrying amount at end of period 57,191 54,056   57,191 54,056
Total Investment Properties 89,446 79,336   89,446 79,336
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