✨ Financial Statements
NEW ZEALAND GAZETTE
No. 87
NETWORK TASMAN LIMITED
LINE BUSINESS FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2000
10. RECEIVABLES AND PREPAYMENTS
| 2000 | 1999 | |
|---|---|---|
| $'000 | $'000 | |
| Trade receivables | 2,748 | 2,714 |
| Less doubtful debts | 4 | 0 |
| 2,744 | 2,711 | |
| Hire purchase receivables | 0 | 1 |
| Prepayments | 75 | 103 |
| Total receivables and prepayments | 2,819 | 2,815 |
11. FIXED ASSETS
| 2000 | 1999 | |
|---|---|---|
| $'000 | $'000 | |
| Freehold land (at valuation) | 572 | 1,697 |
| Freehold buildings (at valuation) | 1,154 | 1,522 |
| Accumulated depreciation | 33 | 21 |
| Net book value | 1,121 | 1,501 |
| System fixed assets (at valuation) | 76,485 | 73,659 |
| Accumulated depreciation | 6,257 | 4,099 |
| Net book value | 70,228 | 69,560 |
| Load control plant (at valuation) | 864 | 833 |
| Accumulated depreciation | 307 | 213 |
| Net book value | 557 | 650 |
| Plant and equipment (at cost) | 1,290 | 1,387 |
| Accumulated depreciation | 788 | 727 |
| Net book value | 502 | 660 |
| Computer equipment (at cost) | 1,559 | 1,561 |
| Accumulated depreciation | 1,410 | 1,323 |
| Net book value | 149 | 238 |
| Motor vehicles (at cost) | 143 | 205 |
| Accumulated depreciation | 92 | 114 |
| Net book value | 51 | 91 |
| Total fixed assets | 73,180 | 74,397 |
Valuation
Revalued land and buildings at balance date are stated at net current value as determined by independent registered valuer Duke & Cooke Limited on 31 March 1999.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 87
Gazette.govt.nz —
NZ Gazette 2000, No 87
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