New Zealand Gazette – 2005 – No. 119

Page 2889

✨ Financial Statements



Network Tasman Limited

Line Business Financial Statements

Notes to and forming part of the financial statements

For the year ended 31 March 2005

Property, plant & equipment - March 2004

At cost At valuation Accum. depreciation Carrying Amount
Primary distribution assets 0 6,867 0 6,867
Secondary distribution assets 0 96,002 0 96,002
Substation assets 0 7,817 0 7,817
Load control plant 0 617 0 617
Streetlights 0 278 0 278
Consumer connections 0 6,242 0 6,242
Communications 0 2,535 0 2,535
Plant and equipment 1,719 0 1,072 647
Computer equipment 2,078 0 1,836 242
Motor vehicles 267 0 120 147
Assets under construction 418 0 0 418
Total 4,482 120,358 3,028 121,812

Valuation information

The distribution system assets were last revalued as at 31 March 2004 to a net current value of $120.4 million. The valuation to optimised depreciated replacement cost (ODRC) was carried out by independent valuers, PricewaterhouseCoopers.

Review of useful lives of property, plant and equipment

2005 2004
Estimate of increase in depreciation charge following a review of useful lives 1,312 0

10. Deferred taxation

2005 2004
Balance at beginning of year 59 97
Deferred tax on timing differences 5 (38)
Balance at end of year 64 59

11. Payables and accruals

Current

2005 2004
Trade payables and accruals 2,231 1,714
Total current payables and accruals 2,231 1,714


Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 119


Gazette.govt.nz — PDF NZ Gazette 2005, No 119




✨ LLM interpretation of page content

🏭 Network Tasman Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Property, Plant & Equipment, Valuation, Deferred Taxation, Payables