Marlborough District Council Roading Assets - Activity Management Plan 2015 - 2018 SECTION 1 EXECUTIVE SUMMARY The annual depreciation has increase by 17% from $6.965M/year in 2011 to $8.164M/year in 2014 largely due to a change in various items as a result of the full revaluation undertaken in 2013, where the valuation inventories were updated with current asset information downloads from MR’s databases. The value of the underlying land as assessed in 2009 was $134.05 Million. Projected Valuation and Depreciation Based on previous valuation the following graphs show the projected valuation and depreciation of the MDC roading asset over the life of this AMP. Projected Asset Valuation Figure 9.1.1 Projected Asset Depreciation Figure 9.1.2 A copy of the latest Marlborough District Council Valuation is appended to this AMP. 30 September 2014 Page 158 of Section 1