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New Zealand Gazette – 2005 – No. 119

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✨ Financial Statements

2890

NEW ZEALAND GAZETTE, No. 119

5 AUGUST 2005

Network Tasman Limited

Line Business Financial Statements

Notes to and forming part of the financial statements

For the year ended 31 March 2005

| | 2005
$000 | 2004
$000 |
|----------------|---------------------|---------------------|
| 12. Provisions | | |

Current

Employee entitlements | 126 | 113 |
Sundry provisions | 63 | 85 |

Total current provisions | 189 | 158 |

Non-current

Employee entitlements | 174 | 157 |
Sundry provisions | 0 | 0 |

Total non-current provisions | 174 | 157 |

Provision for employee entitlements

Balance at beginning of year | 270 | 336 |
Additional provisions made | 110 | 105 |
Amount utilised | (80) | (152) |
Provision reversed | 0 | (19) |

Balance at end of year | 300 | 270 |

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 | 85 | 126 |
Additional provisions made | 63 | 0 |
Amount utilised | 0 | 0 |
Provision reversed | (85) | (41) |

Balance at end of year | 63 | 85 |

Sundry provisions relate to contractor bonuses.

VUW Te Waharoa — NZ Gazette 2005, No 119

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

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Provisions, Employee Entitlements, Sundry Provisions

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