✨ Financial Statements
3 SEPTEMBER NEW ZEALAND GAZETTE 3469
Notes to and Forming Part of the Financial Statements
For the Year Ending 31 March 2002
7 PROPERTY, PLANT AND EQUIPMENT
Property, Plant and Equipment as at 31 March 2002
| Gas 2002 $000 | Gas 2001 $000 | |
|---|---|---|
| Land | ||
| Capital value | - | 254 |
| Buildings | ||
| Capital value | - | 785 |
| less Accumulated depreciation | - | 18 |
| - | 767 | |
| Information Systems | ||
| Capital value | 1,451 | 47 |
| less Accumulated depreciation | 78 | 5 |
| 1,373 | 42 | |
| Office Equipment | ||
| Capital value | - | 940 |
| less Accumulated depreciation | - | 102 |
| - | 838 | |
| Motor Vehicles | ||
| Capital value | - | 248 |
| less Accumulated depreciation | - | 65 |
| - | 183 | |
| Network Systems | ||
| Capital value | 95,353 | 38,647 |
| less Accumulated depreciation | 3,249 | 472 |
| 92,104 | 38,175 | |
| Work in Progress | ||
| 359 | 621 |
Total Property, Plant and Equipment | 93,836 | 40,880 |
Network assets with an optimised deprival value of $52,130,829 were purchased on 31 July 2001 from AGI Ltd.
8 OPERATING REVENUE & EXPENDITURE
Operating Revenue for the year ended 31 March 2002
| Gas 2002 12 mths $000 | Gas 2001 7 mths $000 | |
|---|---|---|
| Comprises: | ||
| Line charge revenue | 15,463 | 4,459 |
| Interest revenue | 102 | 21 |
| Other revenue | - | - |
| 15,565 | 4,480 |
Expenditure
| Gas 2002 12 mths $000 | Gas 2001 7 mths $000 |
|---|
Operating Surplus Before Taxation for the year ended 31 March 2002
| | (312) | 1,497 |
Specific disclosures
| Repairs and maintenance costs | 3,723 | 663 |
| Human resource costs | 178 | 71 |
| Depreciation on system assets | 2,878 | 619 |
| Bad debts | 1 | 8 |
| Interest expense | 5,721 | 322 |
| Corporate & administration | 1,142 | 581 |
| Marketing & advertising | 96 | 25 |
| Consulting & legal expenses | 60 | 19 |
Total expenditure | 15,878 | 2,983 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 130
Gazette.govt.nz —
NZ Gazette 2002, No 130
✨ LLM interpretation of page content
💰 Property, Plant and Equipment Financial Statements
💰 Finance & RevenueProperty, Plant, Equipment, Financial Statements, Gas, Capital Value, Depreciation
💰 Operating Revenue and Expenditure Financial Statements
💰 Finance & RevenueOperating Revenue, Expenditure, Financial Statements, Gas, Line Charge Revenue, Interest Revenue