New Zealand Gazette – 2003 – No. 129

Page 3471

✨ Financial Statements Notes



SCANPOWER LIMITED - LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2003

significant concentration of credit risk, the exposure is minimised by provisions in use of system agreements between the parties. Amounts owed by trade receivables are unsecured.

NOTE 5: Inventories

2003 2002
$'000 $'000
Network stocks 104 92

NOTE 6(i): Current Investments

Short term deposits held with registered banks

2003 2002
0 884

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.

NOTE 6(ii): Interest Rates

The range of interest rates on investments were:

Short term deposits held with registered banks

2003 2002
3.10% - 5.83% 2.75% - 5.75%

Note 7: Fixed Assets (Property, Plant and Equipment)

Distribution assets

2003 2002
At cost 9,452 9,185
Accumulated depreciation (5,357) (5,138)
Total carrying amount of distribution assets 4,095 4,047

Freehold land

2003 2002
At valuation 31 March 2002 26 26
Total carrying amount of freehold land 26 26

Freehold buildings and fixtures

2003 2002
At valuation 31 March 2002 63 63
At cost 0 0
Accumulated depreciation (2) 0
Total carrying amount of freehold buildings 61 63

Motor vehicles

2003 2002
At cost 59 59
Accumulated depreciation (38) (29)
Total carrying amount of motor vehicles 21 30


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 129


Gazette.govt.nz — PDF NZ Gazette 2003, No 129




✨ LLM interpretation of page content

🏭 ScanPower Limited Financial Statements for 2003 (continued from previous page)

🏭 Trade, Customs & Industry
31 March 2003
Financial Statements, Notes, Inventories, Current Investments, Interest Rates, Fixed Assets