26 Non-current assets classified as held for sale
|
2011 $000 |
2010 $000 |
|
|---|---|---|
Freehold land |
||
|
Opening balance |
12,591 |
0 |
|
Revaluation |
1,610 |
0 |
|
Assets reclassified as held for sale |
1,684 |
12,591 |
Closing balance |
15,885 |
12,591 |
The PTA holds land surplus to its operational requirements. Various properties have been identified as land for future sales. The PTA anticipates that all the freehold land in the closing balance will be disposed of in the next reporting period. See also note 2(i) non-current assets (or disposal groups) classified as held for sale.