✨ Financial Statements
Network Tasman Limited
Line Business Financial Statements
Notes to and forming part of the financial statements
For the year ended 31 March 2003
| 2003 | |
|---|---|
| $000 |
| 2002 | |
|---|---|
| $000 |
12. Provisions
Current
- Employee entitlements 208 210
- Sundry provisions 111 169
Total current provisions 319 379
Non-current
- Employee entitlements 128 142
- Sundry provisions 15 0
Total non-current provisions 143 142
Provision for employee entitlements
- Balance at beginning of year 352 337
- Additional provisions made 183 222
- Amount utilised (175) (184)
- Provision reversed (24) (23)
Balance at end of year 336 352
The provision for employee entitlements relates to employee benefits such as accrued annual leave and long service leave.
Sundry provisions
- Balance at beginning of year 169 46
- Additional provisions made 86 139
- Amount utilised (2) (9)
- Provision reversed (127) (7)
Balance at end of year 126 169
Sundry provisions relate to easements in progress and allowances for revenue wash-ups.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 63
Gazette.govt.nz —
NZ Gazette 2003, No 63
✨ LLM interpretation of page content
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Network Tasman Limited Line Business Financial Statements
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🏭 Trade, Customs & Industry30 May 2003
Financial Statements, Operating Revenue, Trading Revenue, Investment Revenue, Operating Expenses, Depreciation, Auditors' Fees, Governance Expenses