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Notes to and forming part of the accounts

continued...

7. Property, plant and equipment

Property, plant and equipment are included inthe accounts on the following basis:

	cost $	accumulated depreciation or amortisation $	net book value 2003 $	net book value 2002 $
Leasehold land at cost	-	-	-	232187
Leasehold land at fair value	409020	-	4090 20	-
Building at cost	2450	(990)	1460	1691231
Building at fair value	3018890	(142 637)	2876253	-
Computer equipment	484507	(327762)	156745	122018
Office furniture and equipment	294058	(281901)	12157	35325
Leasehold improvements	38928	(15104)	23824	24611
	4247853	(768394)	3479459	2105372

Reconciliations
Reconciliations of the carrying amounts of each class of property, plant and equipment at the beginning and end of the current financial year are set out below:

	leasehold land $	building $	computer equipment $	office furniture and equipment $	leasehold improvement $	total $
Carrying amount at 1 January 2003	232187	1691230	122019	35325	24611	2105372
Additions	-	2807	92482	-	3066	98355
Disposals	-	-	-	-	-	-
Revaluation increments [note 10(b)]	176833	1291705	-	-	-	1468538
Depreciation expense	-	(108029)	(57756)	(23168)	(3853)	(192806)
Carrying amount at 31 December 2003	409020	2877713	156746	12157	23824	3479459

8. Payables

	2003 $	2002 $
Trade creditors	65864	68836
Prepaid subscriptions	528995	490069
	594859	558905
9. Other liabilities
	2003 $	2002 $
Deferred income	63808	50530
Conferences group funds	3000	68728
Other	53734	85301
	120542	204559
10. Members' funds
	2003 $	2002 $
a. Accumulated funds
Accumulated funds at the beginning of the year	2996134	3335445
Operating surplus/(deficit) attributable to members of the Australian Library and Information Association	85900	(339311)
Accumulated funds at the end of the year	3082034	2996134
b. Reserves
ALIA House revaluation reserve	1291705	-
Land revaluation reserve	176833	-
	1468538	-
Movements
Asset revaluation reserve at the beginning of the year	-	-
Increment on revaluation of land andbuildings at the end of the financial year	1468538	-
Asset revaluation reserve at the end ofthe year	1468538	-
c. Nature and purpose of the reserves The asset revaluation reserves are used to record increments and decrements on the revaluation of non-current assets, as described in note 1(f). As this is the first year that the revaluation has occurred, no reserves have been taken to accumulated funds. 11. Cash flow information i. Reconciliation of cash Cash at the end of financial year as shown in the statement of cash flows is reconciled to the related items in the balance sheet as follows:
	2003 $	2002 $
Cash assets	458074	455420
Short-term deposits	3050513	3127603
	3508587	3583023
ii. Reconciliation of net cashflows from operating activities to operating surplus/(deficit)
Operating surplus/(deficit)	85900	(339311)
Depreciation	192806	162520
Loss/(profit) on sale of non-current assets	-	5243
Changes in operating assets and liabilities:
Decrease/(increase) in debtors and prepayments	(29952)	182751
Decrease/(increase) in other assets	(65712)	(64846)
Increase/(decrease) in creditors and accruals	(67871)	(231857)
Increase/(decrease) in other operatingliabilities and provisions	(104530)	98085
Increase/(decrease) in deferred income	13278	47101
Net cashflows from operating activities	23919	(140314)
iii. Financing facilities Details of credit standby arrangements and loan facilities are included in note 10.

A a

Notes to and forming part of the accounts

7. Property, plant and equipment

8. Payables

9. Other liabilities

10. Members' funds

11. Cash flow information