New Zealand Gazette – 2005 – No. 119

Page 2893

✨ 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

Operating lease commitments

Lease commitments under non-cancellable operating leases are payable as follows:

2005
$000
Less than one year 253
Between one and two years 253
Between two and five years 758
Greater than five years 1,383
2004
$000
Less than one year 253
Between one and two years 253
Between two and five years 758
Greater than five years 1,635

Total operating lease commitments
| 2005 |
|-------|
| $000 |
| 2,647 |

2004
$000
2,899

18. Contingencies

As at 31 March 2005 there were no material contingent liabilities or contingent assets (2004: nil).

19. Events occurring after balance date

The directors of Network Tasman Limited are not aware of any significant event occurring subsequent to balance date which, if known at balance date, would have resulted in a different assessment within the financial statements.

20. Mandatory specific disclosures

Items required to be separately listed in the financial statements as required under the Electricity Information Disclosure Requirements 2004:

1. Current assets

2005 2004
$000 $000
(a) Cash & bank balances 312 978
(b) Short-term investments 7,854 7,809
(c) Inventories 0 0
(d) Accounts receivable 2,722 2,353
(e) Other receivables 0 0
(f) Prepayments 170 187
(g) Other current assets not listed in (a) to (f) 121 132
(h) Total current assets 11,179 11,459

2. Fixed assets

2005 2004
$000 $000
(a) System fixed assets 123,532 120,358
(b) Consumer billing and information system assets 269 242
(c) Motor vehicles 145 147
(d) Office equipment 84 104
(e) Land and buildings 0 0
(f) Capital works under construction 1,843 418
(g) Other fixed assets not listed in (a) to (f) 453 543
(h) Total fixed assets 126,326 121,812

3. Other tangible assets not listed above

2005
$000
64
2004
$000
59

4. Total tangible assets

2005
$000
137,569
2004
$000
133,330


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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, Operating Lease Commitments, Contingencies, Balance Date Events, Mandatory Disclosures