New Zealand Gazette – 2006 – No. 151

Page 4387

✨ Financial Statements



HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business

NOTES TO THE FINANCIAL STATEMENTS

9 FIXED ASSETS (Continued)

Depreciation Expense

Lines Business 2006 $000 Lines Business 2005 $000
Buildings 1 6
Plant and Equipment 120 124
Furniture and Fittings 4 48
Motor Vehicles 35 21
Distribution System 2,779 2,696
Total 2,983 2,895

Useful lives and Depreciation Methods

Useful Lives 2006 In Years Useful Lives 2005 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 PROVISIONS

Accounts Payable and Provisions comprise:

Lines Business 2006 $000 Lines Business 2005 $000
Trade Creditors and Accruals 3,087 2,210
Employee Entitlements 134 226
Balance as at 31 March 3,221 2,436


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 151


Gazette.govt.nz — PDF NZ Gazette 2006, No 151




✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Horizon Energy Distribution Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Fixed Assets, Depreciation Expense, Useful Lives, Depreciation Methods, Buildings, Plant and Equipment, Furniture and Fittings, Motor Vehicles, Distribution System, Accounts Payable, Provisions, Trade Creditors, Accruals, Employee Entitlements, Horizon Energy Distribution Limited