Note 15. Depreciation and Amortisation

  2013
$’000
2012
$’000
Depreciation    
Buildingsa 35,854 12,034
Plant and Equipment 10,952 11,291
Leasehold Improvementsb 1,754 1,078
Total Depreciation 48,560 24,403
     
Amortisation    
Intangible Assets 4,454 4,526
Total Amortisation 4,454 4,526
Total Depreciation and Amortisation 53,014 28,929

 

Change in Depreciation Due to De-recognition of Components of Buildings

Depreciation was accelerated to de-recognise part of the original Women and Children’s Hospital and Tuggeranong Health Centre which were partially demolished for reconstruction and The Canberra Hospital Psychiatric Unit building and The Canberra Hospital Tower Block level 5 which are planned to undergo significant refurbishment work. As a result depreciation expenses increased by $22.1 million in the current accounting period.

a) The increase mainly relates to accelerating the depreciation for the original Women and Children’s Hospital ($16.1 million) and Tuggeranong Health Centre ($1.4 million) which were partially demolished for reconstruction and for the Canberra Hospital Psychiatric Unit building ($1.9 million) and the Canberra Hospital Tower Block level 5 ($2.7 million) which are planned to undergo significant refurbishment work. The addition of new buildings, namely the Centenary Hospital for Women and Children, Gungahlin Community Health Centre and Cancer Patient Accommodation property in Duffy have also contributed to this increase.

b) The increase is mainly due to additional leasehold improvements at Village Creek Centre and 1 Moore Street.