✨ 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
17. Contingencies
Network Tasman Limited issued court proceedings against Transpower New Zealand Limited in respect of the Output Connection Contract.
There is no adverse financial exposure to Network Tasman Limited except for associated legal costs.
As at 31 March 2002 there were no material contingent liabilities.
18. Comparative Information
Certain comparatives have been restated to ensure consistent presentation with the current year.
19. Events occurring after balance date
The directors of Network Tasman Limited are not aware of any significant event occurring subsequent to balance date which, if known at balance date, would have resulted in a different assessment within the financial statements.
20. Mandatory specific disclosures
Items required to be separately listed in the financial statements as required under regulation 6 (1) of the Electricity (Information Disclosure) Regulations 1999 are as follows:
| 2002 $'000 | 2001 $'000 | |
|---|---|---|
| 1. Current assets | ||
| (a) Cash & bank balances | 132 | 9 |
| (b) Short-term investments | 11,839 | 8,270 |
| (c) Inventories | 0 | 0 |
| (d) Accounts receivable | 2,429 | 2,791 |
| (e) Other receivables | 0 | 257 |
| (f) Prepayments | 88 | 98 |
| (g) Other current assets not listed in (a) to (f) | 0 | 0 |
| (h) Total current assets | 14,488 | 11,425 |
| 2002 $'000 | 2001 $'000 | |
|---|---|---|
| 2. Fixed assets | ||
| (a) System fixed assets | 71,654 | 70,418 |
| (b) Consumer billing and information system assets | 352 | 483 |
| (c) Motor vehicles | 45 | 56 |
| (d) Office equipment | 160 | 200 |
| (e) Land and buildings | 0 | 1,060 |
| (f) Capital works under construction | 0 | 0 |
| (g) Other fixed assets not listed in (a) to (f) | 375 | 403 |
| (h) Total fixed assets | 72,586 | 72,620 |
| 2002 $'000 | 2001 $'000 | |
|---|---|---|
| 3. Other tangible assets not listed above | 115 | 68 |
| 2002 $'000 | 2001 $'000 | |
|---|---|---|
| 4. Total tangible assets | 86,989 | 84,113 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 69
Gazette.govt.nz —
NZ Gazette 2002, No 69
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Network Tasman Limited Line Business Financial Statements
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🏭 Trade, Customs & IndustryFinancial Statements, Network Tasman Limited, Contingencies, Comparative Information, Events after Balance Date, Mandatory Disclosures