✨ Financial Statements
3174 NEW ZEALAND GAZETTE No. 121
6.3 Table Of Fixed Assets
as at 31 March 2001
| cost | accumulated depreciation | net book value | |
|---|---|---|---|
| $000 | $000 | $000 | |
| Land | 377 | - | 377 |
| Buildings | 2,954 | (697) | 2,257 |
| Reticulation System | 22,143 | (10,468) | 11,655 |
| Plant and Equipment | 1,881 | (1,556) | 325 |
| Motor Vehicles | 302 | (179) | 123 |
| Capital Works under Construction | - | - | 158 |
| Totals | 27,658 | (12,920) | 14,896 |
as at 31 March 2000
| cost | accumulated depreciation | net book value | |
|---|---|---|---|
| $000 | $000 | $000 | |
| Land | 479 | - | 479 |
| Buildings | 3,758 | (1,055) | 2,703 |
| Reticulation System | 20,399 | (9,405) | 10,994 |
| Plant and Equipment | 1,687 | (1,273) | 414 |
| Motor Vehicles | 284 | (147) | 137 |
| Capital Works under Construction | 189 | - | 189 |
| Totals | 26,796 | (11,880) | 14,916 |
Capital work under construction includes transfer payments and purchases from outside organisations as well as from "Other".
7. CAPITAL CONTRIBUTIONS
Customer contributions credited against the cost of reticulation Network assets
| 2001 | 2000 | |
|---|---|---|
| $000 | $000 | |
| 48 | 66 | |
| Accumulated value of such contributions | 2,252 | 2,206 |
8. CAPITAL COMMITMENTS
Capital expenditure committed to but not recognised in the financial statements.
| 2001 | 2000 | |
|---|---|---|
| $000 | $000 | |
| 248 | 453 |
9. FINANCIAL INSTRUMENTS
9.1 Credit Risk
Credit risk is the risk that an outside party will not be able to meet its obligations to the company. Financial instruments which potentially subject the company to concentrations of credit risk consist principally of cash deposits, short term deposits and trade receivables. The maximum credit risk is the book value of these financial instruments however, the company considers the risk of non-recovery of these amounts to be minimal.
The Company places its cash deposits with high credit quality financial institutions.
Credit risk exists in respect to accounts receivable. The Company is able to impose bond requirements on retailers trading across its network through the use of system agreements.
9.2 Interest Rate Risk
Interest Rate risk is the risk that interest rates will change, increasing or decreasing the cost of borrowing or lending. The company's short term deposits are at fixed interest rates and mature within one year.
9.3 Currency Risk
Currency risk is the risk that amounts payable in foreign currencies will change due to movements in exchange rates. The company enters into foreign currency forward exchange contracts in order to manage its exposure to fluctuations in foreign currency exchange rates on the purchase of specific plant and equipment items from overseas suppliers.
| Total cover under forward exchange contracts | 2001 | 2000 |
|---|---|---|
| nil | nil |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 121
Gazette.govt.nz —
NZ Gazette 2001, No 121
✨ LLM interpretation of page content
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Marlborough Lines Limited Financial Statements Notes
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🏭 Trade, Customs & IndustryFinancial Statements, Fixed Assets, Depreciation, Net Book Value, Capital Contributions, Capital Commitments, Financial Instruments, Credit Risk, Interest Rate Risk, Currency Risk, Marlborough Lines Limited