New Zealand Gazette – 2005 – No. 23

Page 541

✨ Financial Statements



21 JANUARY 2005 NEW ZEALAND GAZETTE, No. 23

541

UNISON NETWORKS - LINES BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2004

7 PROPERTY PLANT AND EQUIPMENT...continued

2004 2003*
$000 $000
Freehold Buildings
at valuation 4,007 4,007
at cost 371 270
less accumulated depreciation 293 161
4,079 4,116

| Land and Additions to Land | | |
| at valuation | 836 | 836 |
| at cost | 205 | - |
| | 1,041 | 836 |

| Motor vehicles | | |
| at cost | 3,011 | 2,931 |
| less accumulated depreciation | 2,134 | 1,982 |
| | 877 | 949 |

| Plant and Equipment | | |
| at cost | 3,701 | 3,689 |
| less accumulated depreciation | 2,859 | 2,727 |
| | 842 | 962 |

| Office Furniture and Equipment | | |
| at cost | 2,260 | 2,285 |
| less accumulated depreciation | 2,060 | 1,969 |
| | 200 | 316 |

| Information Technology | | |
| at cost | 7,738 | 7,093 |
| less accumulated depreciation | 4,489 | 3,842 |
| | 3,249 | 3,251 |

| Net Carrying Value, Other Items of Property, Plant and Equipment | 10,208 | 10,430 |

| TOTAL NET CARRYING VALUE | 293,371 | 286,604 |

Reconciliation:

2004 2003*
Balance at beginning of reporting period 286,604 128,636
Plus revaluations - 43,520
Plus acquisitions of property, plant and equipment 18,356 106,307
Plus other property, plant and equipment additions 10,742 10,742
Less depreciation 11,699 7,601
Balance at end of reporting period 293,371 286,604

This is represented by:

2004 2003*
Property, plant and equipment at valuation 281,017 281,017
Property, plant and equipment at cost 34,634 16,268
less accumulated depreciation 22,280 10,681
293,371 286,604

8 RECEIVABLES AND PREPAYMENTS

2004 2003*
$000 $000
Trade Debtors 8,116 6,948
Provision For Doubtful Debts (55) (115)
8,061 6,833

*Comparisons for 2003 include the Hawke's Bay area for the full year and Rotorua/Taupo for 5 months only.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 23


Gazette.govt.nz — PDF NZ Gazette 2005, No 23




✨ LLM interpretation of page content

🏭 Notes to and Forming Part of the Financial Statements for Unison Networks - Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Property Plant and Equipment, Electrical Distribution Network, 33kV Subtransmission, Zone Substation Structures and Equipment, Distribution and Substation Transformers, Distribution Switchgear, Overhead Lines, Underground Cables, Other Distribution Equipment, Net Carrying Value, Freehold Buildings, Land and Additions to Land, Motor Vehicles, Plant and Equipment, Office Furniture and Equipment, Information Technology, Receivables and Prepayments, Trade Debtors, Provision for Doubtful Debts