1. UNSW Library Valuation and Insurance CAUL 2003/2 Cairns Andrew Wells

2. Financial accounts Policy is to value holdings at cost 20% per annum depreciation Rare books valued at market value –Valued every 5 years

3. 2002 statements Written down value = $23.49 m Rare book valuation = $1.5 m (1998) Proposing to expense as incurred: –licensed databases, e-journals –course support material

4. Insurance “First loss, agree value and restoration process basis” UNSW recognises it could not (and would not want to) reinstate collection Would seek to replace about 200,000 volumes Indemnity limit of $15 m for digital

5. Indemnity required Monographs$30 m Processing of monographs$13 m –(200,000 vols, average price $150, processing $65 per vol) Digital$15 m Rare books$2 m TOTAL$60 m