Government Land Improvements

In reply to the Hon. D.J. SPEIRS (Black) (20 June 2024). (Estimates Committee A)

The Hon. P.B. MALINAUSKAS (Croydon—Premier): I have been advised:

Land and improvements non-current assets include land holdings, buildings, construction works in progress and right-of-use assets from leases.

The increase in land and improvements from 2023-24 estimated result ($224.389 million) to 2024-25 budget ($400.990 million) is $177.601 million.

Total investing expenditure in 2024-25 is budgeted to be $200.608 million as outlined in the investing expenditure summary. Of this, $183.581 million relates to the increase in land and improvements non-current assets balance in 2024-25.

Land and improvements budgeted investing expenditure in 2024-25 is made up of the following:

Northern Water project ($78.340 million);

Tarrkarri–Centre for First Nations Cultures ($36.000 million);

Cultural institution collections storage facility ($25.000 million);

Lyndoch Recreation Park redevelopment ($16.000 million);

The Innovation Hub at Lot Fourteen ($14.025 million);

Arts accommodation for the State Theatre Company, State Opera of South Australia and Country Arts SA ($11.192 million); and

Minor capital works undertaken as part of the annual program ($3.024 million).

The increase of $183.581 million in land and improvements relating to investing expenditure is offset by budgeted depreciation of assets during 2024-25 of $5.980 million.