New Zealand Gazette – 2003 – No. 54

Page 1411

✨ Financial Statements



23 MAY NEW ZEALAND GAZETTE 1411

2.3 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

(cont’)

2002
($000)
2001
($000)

7 Accounts receivable

2002 2001
Trade receivables 1,122 4,026
Other receivables and
prepayments 1,433 260
2,555 4,286

8 Accounts payable

2002 2001
Trade creditors 4,570 9,301
Employee entitlements 24 43
Interest payable 3,389 5,374
7,983 14,718

9 Property, plant and equipment 2002

At cost ($000) At valuation ($000) Accum deprn ($000) Carrying value ($000)
Freehold land 350 - - 350
Freehold buildings - - - -
Distribution system 172,722 - 13,476 159,246
Plant, vehicles and
equipment 1,075 - 374 701
Capital work in progress 3,173 - - 3,173
177,320 - 13,850 163,470

Property, plant and equipment 2001

At cost ($000) At valuation ($000) Accum deprn ($000) Carrying value ($000)
Freehold land 350 - - 350
Freehold buildings 25 - 1 24
Distribution system 269,438 - 14,669 254,769
Plant, vehicles and
equipment 1,155 - 491 664
Capital work in progress 7,826 - - 7,826
278,794 - 15,161 263,633

The latest government valuation of freehold land is $375,000 (2001: $375,000). Gas distribution system assets are shown at cost.

10 Goodwill

2002 2001
Opening balance 1,366 1,441
Goodwill purchased
in the period - -
Goodwill disposed of
during the period 527 -
Amortised during the
period 70 75
Closing balance 769 1,366


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 54


Gazette.govt.nz — PDF NZ Gazette 2003, No 54




✨ LLM interpretation of page content

🏭 UnitedNetworks Limited Gas Information Disclosure (continued from previous page)

🏭 Trade, Customs & Industry
14 May 2003
Financial Statements, Revenue, Surplus, EBIT, Asset Sale, Professional Fees, Interest, Depreciation, Directors’ Fees, Donations, Bad Debts, Lease, Amortisation, Goodwill, Intangibles, Taxation, Share Capital, Reserves