New Zealand Gazette – 2005 – No. 143

Page 3497

✨ Financial Statements



26 AUGUST 2005 NEW ZEALAND GAZETTE, No. 143 3497

UNISON NETWORKS - LINES BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2005

6 PROPERTY PLANT AND EQUIPMENT...continued

2005 $000 2004 $000
Freehold Buildings
at valuation 3,573 3,573
at cost 407 355
less accumulated depreciation 417 269
3,563 3,659

| Land and Additions to Land| | |
| at valuation | 479 | 479 |
| at cost | 205 | 205 |
| | 684 | 684 |

| Motor vehicles | | |
| at cost | 2,416 | 2,611 |
| less accumulated depreciation| 1,773 | 1,751 |
| | 643 | 860 |

| Plant and Equipment | | |
| at cost | 2,458 | 2,910 |
| less accumulated depreciation| 1,723 | 2,055 |
| | 735 | 855 |

| Office Furniture and Equipment | | |
| at cost | 887 | 909 |
| less accumulated depreciation| 583 | 561 |
| | 304 | 348 |

| Information Technology | | |
| at cost | 6,608 | 5,277 |
| less accumulated depreciation| 2,932 | 2,172 |
| | 3,676 | 3,105 |

| Net Carrying Value, Other items of Property, Plant and Equipment |
| | 9,605 | 9,511 |

| TOTAL NET CARRYING VALUE |
| | 294,111 | 293,371 |

Reconciliation:

2005 $000 2004 $000
Balance at beginning of reporting period 293,371 286,604
Plus revaluations
Plus other property, plant and equipment additions 13,488 18,366
Less depreciation 12,748 11,599
Balance at end of reporting period
294,111 293,371

This is represented by:

2005 $000 2004 $000
Property, plant and equipment at valuation 281,014 281,014
Property, plant and equipment at cost 42,163 29,619
less accumulated depreciation 29,066 17,262
294,111 293,371

Note: During the year a review of property, plant and equipment has resulted in some assets being reclassified to their correct class of assets. For comparative purposes, the 2004 amounts have also been reclassified in line with these changes.

7 RECEIVABLES AND PREPAYMENTS

2005 $000 2004 $000
Trade debtors 8,865 8,116
Provision for doubtful debts (24) (55)
Prepayments 13
8,854 8,061


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 143


Gazette.govt.nz — PDF NZ Gazette 2005, No 143




✨ LLM interpretation of page content

🏭 Unison Networks Limited - Notes to Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial reporting, Property plant and equipment, Electrical distribution network, Valuation, Depreciation