New Zealand Gazette – 2003 – No. 160

Page 4417

✨ Financial Statements

26 NOVEMBER
NEW ZEALAND GAZETTE
4417

Fixed Assets

$Thousands
2003

Equipment	Cost/Valuation	Accumulated Depreciation	Net Book Value	Depreciation Charge
	5,235	3,920	1,315	454
Motor vehicles	283	116	167	42
	5,518	4,036	1,482	496

$Thousands
2002

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

Deferred Expenditure

$ Thousands

	2003	2002
Balance as at 1 July	774	902
Plus amount capitalized	-	90
Less amounts amortised to expenses	(744)	(218)
	30	774

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 New Zealand Limited. Notional Reserves therefore represent all funding provided to Gas Retailing by the NGC Group.

VUW Te Waharoa — NZ Gazette 2003, No 160

Gazette.govt.nz — NZ Gazette 2003, No 160

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Certification of Financial Statements by Auditor (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated20 November 2003
KeywordsFinancial Statements, Certification, Gas Distribution, NGC Holdings Limited, Gas (Information Disclosure) Regulations 1997

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