June 30,1997
(Amounts in thousands unless otherwise stated)
Note 8
PROPERTY, PLANT, AND EQUIPMENT
(1) A summary of changes in general fixed assets is as follows:
| Balance | Balance | |||
|---|---|---|---|---|
| 7/1/96 | Additions | Retirements | 6/30/97 | |
| Land | $324,447 | $6,655 | $381 | $330,721 |
| Buildings | 1,849,474 | 129,651 | 78,829 | 1,900,296 |
| Improvements Other Than Buildings | 201,836 | 64,734 | 2,322 | 264,248 |
| Machinery and Equipment | 940,858 | 220,871 | 48,230 | 1,113,499 |
| Construction in Progress | 186,156 | 134,875 | 109,415 | 211,616 |
| Total | $3,502,771 | $556,786 | $239,177 | $3,820,380 |
(2) Property, plant, and equipment for the primary government and its component units consisted of the following as of June 30, 1997:
| Primary Government | |||||
|---|---|---|---|---|---|
| Enterprise | Internal Service | Higher Education and University Hospital | Total | Component Units | |
| Land | $2,840 | $ - | $38,381 | $41,221 | $21,937 |
| Buildings | 131,473 | - | 983,662 | 1,115,135 | 169,760 |
| Improvements Other than Buildings | 115,368 | 107 | 84,537 | 200,012 | 110 |
| Machinery and Equipment | 72,678 | 114,376 | 517,135 | 704,189 | 183,060 |
| Construction In Progress | 2,811 | - | 114,043 | 116,854 | 3,498 |
| Subtotal | 325,170 | 114,483 | 1,737,758 | 2,177,411 | 378,365 |
| Less Accumulated Depreciation | 127,391 | 75,015 | 565 | 202,971 | 125,635 |
| Total | $197,779 | $39,468 | $1,737,193 | $1,974,440 | $252,730 |
For proprietary and component units funds, the following estimated useful lives are used to compute depreciation: Buildings 10-40 years; Land Improvements 20-50 years; Machinery and Equipment 2-21 years.
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