✨ Financial Statements




3870 NEW ZEALAND GAZETTE, No. 157 30 NOVEMBER 2004

  1. Fixed Assets

| | $Thousands |
| | 2004 |
| |-----------------------|---------------|---------------|---------------|
| | Cost/ | Accumulated | Net Book | Depreciation |
| | Valuation | Depreciation | Value | Charge |
| Equipment | 299 | 135 | 164 | 230 |
| Motor vehicles | 24 | 16 | 8 | 3 |
| |------- |------- |------- |------- |
| | 323 | 151 | 172 | 233 |

| | $Thousands |
| | 2003 |
| |-----------------------|---------------|---------------|---------------|
| | Cost/ | Accumulated | Net Book | Depreciation |
| | Valuation | Depreciation | Value | Charge |
| Equipment | 5,235 | 3,920 | 1,315 | 454 |
| Motor vehicles | 283 | 116 | 167 | 42 |
| |------- |------- |------- |------- |
| | 5,518 | 4,036 | 1,482 | 496 |

  1. Deferred Expenditure

| | $ Thousands |
| |---------------|-------|
| | 2004 | 2003 |
| Balance as at 1 July | | 30 |
| | 774 |
| Plus amount capitalised| - | - |
| Less amounts amortised to expenses | (30) | (744) |
| |------- |-------|
| | - | 30 |

  1. 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.



Next Page →



Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2004, No 157


Gazette.govt.nz PDF NZ Gazette 2004, No 157





✨ LLM interpretation of page content

🏭 Certification of NGC Gas Retailing Activities Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
26 November 2004
Financial Statements, Accounting Policies, Gas Retailing, NGC