2E PR OPER T Y PL ANT E QUIP MENT In mil lions o f A UD F r eehold land and buildings P lan t and equipmen t L e asehold impr o v emen ts L e ased plan t and equipmen t C apit al w orks in pr ogr es s To t a l Opening balanc e a t 1 April 2017 A t c os t 2028 6923 1306 59 144 10460 Ac cumula t ed depr ecia tion 436 5246 786 37 6505 Ne t book amoun t a t 1 April 2017 1592 1677 520 22 144 3955 Additions 112 594 84 14 804 Dispos als 32 01 03 03 39 T r ans f ers 13 05 02 03 05 04 Depr ecia tion e xpense 67 552 97 03 719 Impairmen t 40 45 73 01 159 Ex change dif f er enc es 68 66 19 01 154 Ne t book amoun t a t 31 M ar ch 2018 1646 1735 450 19 150 4000 Opening balanc e a t 1 April 2018 A t c os t 2142 7324 1327 59 150 11002 Ac cumula t ed depr ecia tion 496 5589 877 40 7002 Ne t book amoun t a t 1 April 2018 1646 1735 450 19 150 4000 Additions 46 825 157 03 102 1133 Dispos als 06 27 02 02 37 T r ans f ers 06 17 18 20 15 Depr ecia tion e xpense 68 536 100 01 705 A s se ts held f or s ale 02 26 11 01 38 Ex change dif f er enc es 20 15 16 05 46 Ne t book amoun t a t 31 M ar ch 2019 1636 1992 527 03 226 4384 A t 31 M ar ch 2019 A t c os t 2197 7781 1543 06 226 11753 Ac cumula t ed depr ecia tion 561 5789 1016 03 7369 Ne t book amoun t a t 31 M ar ch 2019 1636 1992 527 03 226 4384 Ac c oun ting polic y Pr oper t y plan t equipmen t Owned as se ts It ems o f pr oper t y plan t and equipmen t ar e s t a t ed a t c os t les s ac cumula t ed depr ecia tion and impairmen t los ses C os t includes e xpenditur e tha t is dir ec tly a ttribut able t o the ac quisition o f the as se t T he c os t o f self c ons truc t ed as se ts includes the c os t o f ma t erials and dir ec t labour an y o ther c os ts dir ec tly a ttribut able t o bringing the as se t t o a w orking c ondition f or its in t ended use the c os ts o f disman tling and r emo ving the it ems and r es t oring the sit e on which the y ar e loca t ed and capit alised borr o wing c os ts C os t ma y also in clude tr ans f ers fr om equit y o f an y gain or los s on qualif ying cash fo w hedges o f f or eign curr enc y pur chases o f pr oper t y plan t and equipmen t Pur chased so f tw ar e tha t is in t egr al t o the func tionalit y o f the r ela t ed equipmen t is capit alised as par t o f tha t equipmen t W her e par ts o f an it em o f pr oper t y plan t and equipmen t ha v e dif f er en t use ful liv es the y ar e ac c oun t ed f or as sepa r a t e it ems o f pr oper t y plan t and equipmen t Gains and los ses on dispos al o f an it em o f pr oper t y plan t and equipmen t ar e de t ermined b y c omparing the pr oc eeds fr om dispos al with the carrying amoun t o f pr oper t y plan t and equipmen t and ar e r ec ognised ne t within Other e xpenses in the pr o ft and los s s t a t emen t W hen r e v alued as se ts ar e sold the amoun ts included in the r e v alua tion r eserv e ar e tr ans f err ed t o r e t ained e arnings Borr o wing c os ts T he Gr oup capit alises borr o wing c os ts dir ec tly a ttribut able t o the ac quisition c ons truc tion or pr oduc tion o f a qualif ying as se t as par t o f the c os t o f tha t as se t Al l o ther borr o wing c os ts ar e r ec ognised in the pr o ft and los s using the e f f ec tiv e in t er es t me thod R eclas sifca tion t o in v es tmen t pr oper t y W hen the use o f a pr oper t y changes fr om o wner oc cupied t o in v es tmen t pr oper t y the pr oper t y is held a t c os t and r eclas sifed as in v es tmen t pr oper t y L e ased as se ts L e ases in t erms o f which the Gr oup as sumes subs t an tial ly al l the risks and r e w ar ds o f o wnership ar e clas sifed as fnanc e le ases 57 ALS LIMITED AND IT S SUBSIDIARIES A NNU AL F INANCIAL R EPOR T F OR THE Y EAR E NDED 31 M AR CH 2019 F INANCIAL REPOR T F INANCIAL S T A TEMENT S N O TES T O THE FINANCIAL S T A TEMENT S C apit al emplo y ed w orking capit al and o ther ins trumen ts