New Zealand Gazette – 2005 – No. 127

Page 3077

✨ Financial Statements



HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business

NOTES TO THE FINANCIAL STATEMENTS

9 FIXED ASSETS (Continued)

Depreciation Expense

Lines Business 2005 $'000 Lines Business 2004 $'000
Buildings 6 6
Plant and Equipment 124 111
Furniture and Fittings 48 44
Motor Vehicles 21 22
Distribution System 2,696 2,134
Total 2,895 2,317

Useful lives and Depreciation Methods

Useful Lives 2005 In Years Useful Lives 2004 In Years
Buildings 40-100 40-100
Distribution System 8-70 8-70
Plant and Equipment 2-10 2-10
Motor Vehicles 5-10 5-10
Furniture and Fittings 10 10

All assets are depreciated on a straight line basis.

10 ACCOUNTS PAYABLE AND ACCRUALS

Accounts Payable and Accruals comprise:

Lines Business 2005 $'000 Lines Business 2004 $'000
Trade Creditors and Accruals 2,210 2,030
Employee Entitlements 226 130
Balance as at 31 March 2,436 2,160


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 127


Gazette.govt.nz — PDF NZ Gazette 2005, No 127




✨ LLM interpretation of page content

🏭 Horizon Energy Distribution Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Depreciation Expense, Useful Lives, Accounts Payable, Accruals