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New Zealand Gazette – 2002 – No. 170

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✨ Financial Statements

4268

NEW ZEALAND GAZETTE

No. 170

Fixed Assets

$Thousands
2002

Equipment	Cost/Valuation	Accumulated Depreciation	Net Book Value	Depreciation Charge
Motor Vehicles	5,524	3,662	1,862	1,017
	382	172	210	81
	5,906	3,834	2,072	1,098

$Thousands
2001

Equipment	Cost/Valuation	Accumulated Depreciation	Net Book Value	Depreciation Charge
Motor Vehicles	9,213	5,123	4,090	1,468
	528	234	294	110
	9,741	5,357	4,384	1,578

Deferred Expenditure

$ Thousands

	2002	2001
Balance as at 1 July	902	1,118
Plus amount capitalized	90	-
Less amounts amortised to expenses	(218)	(216)
	774	902

Notional Reserves

Gas Retailing is not a company and therefore has no share capital. Notional Reserves are determined on the basis that Gas Retailing is fully equity funded by NGC of New Zealand Limited. Notional Reserves therefore represent all funding provided to Gas Retailing by NGC Group.

VUW Te Waharoa — NZ Gazette 2002, No 170

Gazette.govt.nz — NZ Gazette 2002, No 170

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for NGC – Gas Retailing Activities (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated30 June 2002
KeywordsFinancial Statements, Accounting Policies, Deferred Expenditure, Goodwill, Taxation, Gas Retailing, NGC

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