✨ Financial Statements
24 AUGUST 2005
NEW ZEALAND GAZETTE, No. 140
3391
Note 3 : Fixed Assets
2004
Book
Value
$000
Line Business
233,618 Network
1,250 Plant
329 Load Control Equipment
235,197 Subtotal
9,687 Buildings
2,741 Land
- Vehicles
247,625 Subtotal
5 Furniture
5,366 Capital Work in Progress
252,996
AS AT 31 MARCH 2005
Cost or
Revaluation
$000
269,870
1,811
509
272,190
9,980
2,741
6
284,917
5
6,437
291,359
Accumulated
Depreciation
$000
32,945
591
245
33,781
374
34,155
1
34,156
Book
Value
$000
236,925
1,220
264
238,409
9,606
2,741
6
250,762
4
6,437
257,203
Capital work in progress comprises:
Distribution substations
Low voltage reticulation
Distribution lines and cables
Distribution transformers
Other
Zone substations
Transmission reticulation
2005
$000
721
2,278
1,798
1,403
108
129
6,437
2004
$000
497
1,540
1,440
950
24
915
5,366
Note 4 : Deferred Tax Liability
Balance at beginning of year
Movement from income tax charge
Balance at end of year
30,549
5,800
36,349
24,575
5,974
30,549
Note 5 : Term Debt
Balance at beginning of year
Current year borrowing
Current year repayment
Balance at end of the year
108,200
(4,400)
103,800
117,000
(8,800)
108,200
The Line Business has a borrowing facility allowing it to draw funds up to $110 million. At year-end $103.8 million had been drawn on the facility. The weighted average interest rate on the advances at 31 March 2005 was 7.34% The repayment period on the advances is between 2 and 10 years as follows:
1 - 2 years
2 - 5 years
5 years and greater
-
103,800
103,800
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 140
Gazette.govt.nz —
NZ Gazette 2005, No 140
✨ LLM interpretation of page content
🏭
Aurora Energy Limited Financial Statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Accounting Policies, Dividends, Asset Allocation, Depreciation, Taxation