New Zealand Gazette – 2002 – No. 69

Page 1857

✨ Financial Statements



NETWORK TASMAN LIMITED

Line Business Financial Statements

Notes to and forming part of the financial statements

For the year ended 31 March 2002

8. Retained earnings

2002 2001
$000 $000
Retained earnings at beginning of year 18,169 15,916
Net surplus for the year 5,467 4,862
Adjustment to property, plant & equipment from previous year (575) 0
Total available for appropriation 23,061 20,778
Dividends paid (1,497) (2,100)
Transfer of land & buildings to "Other" business (481) (509)
Retained earnings at end of year 21,083 18,169

9. Receivables

Current receivables

2002 2001
$000 $000
Trade receivables 2,431 2,791
Less doubtful debts 2 0
2,429 2,791
Hire purchase receivables 0 0
Tax refund due 0 257
Prepayments 88 98
Total current receivables 2,517 3,146

10. Property, plant & equipment

Property, plant & equipment - March 2002 At cost At valuation Accum. depreciation Carrying Amount
$000 $000 $000 $000
Primary distribution assets 198 2,589 86 2,701
Secondary distribution assets 2,761 60,793 2,079 61,475
Substation assets 358 5,109 196 5,271
Load control plant 292 810 122 980
Streetlights 0 169 4 165
Consumer connections 179 948 65 1,062
Plant and equipment 1,369 0 834 535
Computer equipment 1,788 0 1,436 352
Motor vehicles 144 0 99 45
Total 7,089 70,418 4,921 72,586

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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 69


Gazette.govt.nz — PDF NZ Gazette 2002, No 69




✨ LLM interpretation of page content

🏭 Network Tasman Limited Line Business Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Network Tasman Limited, Operating Revenue, Continuing Operations, Discontinued Operations, Operating Expenses, Depreciation, Audit Fees, Directors' Fees