14. Property, Plant and Equipment (Non- Current) (continued)  Reconciliations  Reconciliations of the carrying amounts of property, plant and equipment at the beginning and end of the current  financial year.  (a)  Included in Buildings are buildings under construction at a cost of $31,869,386 (2002: $23,771,195).  42  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003  CONSOLIDATED PARENT 2003  2002  2003  2002  $000  $000  $000  $000  Land  Fair value Opening balance 332,035  307,931  -  -  Additions 17,963  9,316  -  -  Increase resulting from revaluation  26,061  14,568  -  -  Disposals (914)  -  -  -  Transfer to assets held for resale  (5,175)  -  -  -  Transfers from equity accounted investments 1,672  -  -  -  Net foreign currency differences arising from  self-sustaining foreign operations  (294)  220  -  -  Closing balance  371,348  332,035  -  -  Buildings (a)  Fair value Opening balance 287,043  227,283  -  -  Additions 63,715  81,676  -  -  Disposals (674)  -  -  -  Net amount of revaluation increments less decrements  10,599  4,029  -  -  Reversal of asset value upon revaluation  (6,126)  (26,607)  -  -  Net foreign currency differences arising from  self-sustaining foreign operations  717  662  -  -  Transfers to plant and equipment  (2,431)  -  -  -  Closing balance  352,843  287,043  -  -  Accumulated Depreciation -  -  Opening Balance -  21,454  -  -  Depreciation for the year  8,176  6,569  -  -  Disposals (240)  (23)  -  -  Reversal upon revaluation  (7,376)  (28,069)  -  -  Transfers to plant and equipment  (530)  -  -  -  Net foreign currency differences arising from  self-sustaining foreign operations  (30)  69  -  -  Closing balance  -  -  -  -  Net book value  352,843  287,043  -  -  Total land and buildings at 30 June 2003  724,191  619,078  -  -  Notes to the Financial Statements (continued) 