City of Melbourne Annual Report 2008-09
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City of Melbourne 2009/10 Annual Report
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HOME ABOUT THIS REPORT OUR CITY 12 MONTHS IN MELBOURNE OUR PERFORMANCE FINANCIALS CONTACT
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 15. Reserves          
   
i)
Movement in Reserves Asset Revaluation Reserve
ii)
Movements in Reserves - Reserves for Public
iii)
Movements in Reserves - Investments
           
  Consolidated   Council
  2009 2008 Note 2009 2008
  $'000 $'000   $'000 $'000
Composition          
Asset Revaluation (i) 1,076,828 1,083,382   1,068,406 1,066,837
Reserve for Public Open Space (ii) 2,139 2,389   2,139 2,389
Investments Revaluation Reserve (iii) (725) (621)   (725) (621)
  1,078,242 1,085,149   1,069,820 1,068,604
 
(i) Movement in Reserves - Asset Revaluation Reserve
Consolidated          
  Carrying amount at 2007 Increment (decrement) Carrying amount at 2008 Increment (decrement) Carrying amount at 2009
  $'000 $'000 $'000 $'000 $'000
Property          
Land 519,112 208,363 727,475 (24,797) 702,678
Buildings 27,158 8,288 35,446 (1,310) 34,136
Infrastructure - - -   -
Roads and Laneways 96,013 10,259 106,272 7,795 114,067
Footpaths 53,177 (199) 52,978 3,877 56,855
Kerb and Channel 69,419 3,355 72,774 11,162 83,936
Bridges 15,467 2,664 18,131 729 18,860
Drains 12,167 (9,012) 3,155 105 3,260
Promenades and Wharves - 11,010 11,010 (8,276) 2,734
Parks and Gardens Infrastructure 34,083 (1,031) 33,052 1,239 34,291
Trees 12,705 (2,421) 10,284 198 10,482
Other structures 206 - 206 - 206
P&G Irrigation 2,095 - 2,095 2,724 4,819
Plant and Equipment 547 - 547 - 547
Computer Equipment 635 - 635 - 635
Furniture and Fittings 9 - 9 - 9
Artworks 5,404 - 5,404 - 5,404
Asset Revaln Res - CW Services - 3,909 3,909   3,909
848,197 235,185 1,083,382 (6,554) 1,076,828
Council        
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Property          
Land 505,903 208,937 714,840 (16,675) 698,165
Buildings 27,158 8,288 35,446 (1,310) 34,136
Infrastructure -   -    
Roads and Laneways 96,013 10,259 106,272 7,795 114,067
Footpaths 53,177 (199) 52,978 3,877 56,855
Kerb and Channel 69,419 3,355 72,774 11,162 83,936
Bridges 15,467 2,664 18,131 729 18,860
Drains 12,167 (9,012) 3,155 105 3,260
Promenades and Wharves - 11,010 11,010 (8,276) 2,734
Parks and Gardens Infrastructure 34,083 (1,031) 33,052 1,239 34,291
Trees 12,705 (2,421) 10,284 198 10,482
Other structures 206 - 206 - 206
P&G Irrigation 2,095 - 2,095 2,724 4,819
Plant and Equipment 547 - 547 - 547
Computer Equipment 635 - 635 - 635
Furniture and Fittings 9 - 9 - 9
Artworks 5,404 - 5,404 - 5,404
  834,988 231,850 1,066,838 1,568 1,068,406
 
(ii) Movements in Reserves - Reserve for Public Open Space
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  Consolidated     Council  
  2009 2008 Note 2009 2008
  $'000 $'000   $'000 $'000
Balance at the beginning of the financial year 2,390 2,114   2,390 2,114
Transfer to accumulated reserves 2,055 788   2,055 788
Amounts used (2,306) (512)   (2,306) (512)
Balance at the end of the financial year 2,139 2,390   2,139 2,390
 
(iii) Movements in Reserves - Investments Revaluation Reserve
  Consolidated     Council  
  2009 2008 Note 2009 2008
  $'000 $'000   $'000 $'000
Balance at the beginning of the financial year (621) -   (621) -
Transfer to accumulated reserves (104) (621)   (104) (621)
Amounts used - -   - -
Balance at the end of the financial year (725) (621)   (725) (621)
© City of Melbourne 2009
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