New Zealand Gazette – 2002 – No. 133

Page 3583

✨ Financial Statements Notes



NOTES TO THE FINANCIAL STATEMENTS

2002 2001
$'000 $'000

Note 6: Investments

(i) CURRENT
Short term deposits held with registered banks
884 505

Market fluctuations in interest rates affect the earnings on these investments but company policy of placing deposits with high credit quality financial institutions minimises its credit exposure.

(ii) INTEREST RATES
The range of interest rates on investments were:

2002 2001
Short term bank investments 2.75 - 5.75% 6.25 - 6.61%

Note 7: Property, plant and equipment
Distribution assets

2002 2001
At cost 9,185 8,919
Accumulated depreciation (5,138) (4,928)
Total carrying amount of distribution assets 4,047 3,991

Freehold land

At valuation - 31 March 2002 26 0
Total carrying amount of freehold land 26 0

Freehold buildings & fixtures

| At valuation - 31 March 2002 | 63 | 60 |
| At cost | 0 | 0 |
| Accumulated depreciation | 0 | (2) |
|--------------------------------|--------|-------|
| Total carrying amount of freehold buildings | 63 | 58 |

Motor vehicles

| At cost | 59 | 59 |
| Accumulated depreciation | (29) | (20) |
|--------------------------------|--------|-------|
| Total carrying amount of motor vehicles | 30 | 39 |

Plant and equipment

| At cost | 500 | 498 |
| Accumulated depreciation | (317) | (294) |
|--------------------------------|--------|-------|
| Total carrying amount of plant and equipment | 183 | 204 |

Computer equipment

| At cost | 42 | 39 |
| Accumulated depreciation | (38) | (35) |
|--------------------------------|--------|-------|
| Total carrying amount of computer equipment | 4 | 4 |

Total property, plant and equipment

| At valuation - 31 March 2002 | 89 | 60 |
| At cost | 9,788 | 9,514 |
| Accumulated depreciation | (5,522)| (5,279)|
|--------------------------------|--------|--------|
| Total carrying amount of property, plant and equipment | 4,355 | 4,295 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 133


Gazette.govt.nz — PDF NZ Gazette 2002, No 133




✨ LLM interpretation of page content

🏭 Scanpower Limited Financial Statements for the Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Investments, Property, Plant and Equipment