✨ Financial Statements Notes
29 NOVEMBER 2006
NEW ZEALAND GAZETTE, No. 158
Notes to the Financial Statements (continued)
For the year ended 31 March 2006
| Note | 2006
$'000 | 2005
$'000 |
|------|----------------|----------------|
9 Property, Plant and Equipment
System fixed assets at valuation
less accumulated depreciation
| | 99,631
(6,843) |
| | 92,788 | 90,126
(2,747) |
| | | 87,379 |
Customer Billing & Information system assets at cost
less accumulated depreciation
| | 1,159
(958) |
| | 201 | 1,511
(1,070) |
| | | 441 |
Motor Vehicles at cost
less accumulated depreciation
| | 254
(171) |
| | 83 | 175
(125) |
| | | 50 |
Office Equipment at cost
less accumulated depreciation
| | 240
(43) |
| | 197 | 256
(181) |
| | | 75 |
Land and Buildings at valuation
less accumulated depreciation
| | 1,454
(75) |
| | 1,379 | 1,456
(48) |
| | | 1,408 |
Capital works under construction at cost
| | 3,095 | 4,873 |
Other plant and equipment at cost
less accumulated depreciation
| | 463
(369) |
| | 94 | 538
(393) |
| | | 145 |
Total Property, Plant and Equipment
| | 97,837 | 94,371 |
Valuation
Revalued freehold land and buildings on hand at balance date are stated at net current value as determined by an independent registered valuer Roger Kelly ANZIV of the firm Valuation & Property Services in February 2005. Network assets have been valued at Optimised Depreciated Replacement Cost as confirmed by Kerslake and Partners, Consulting Engineers, as at 31 March 2004.
10 Receivables
| | 2006
$'000 | 2005
$'000 |
|--------------------|----------------|----------------|
| Trade Debtors | 2,182 | 2,303 |
| Other receivables | 370 | 135 |
| Income Tax refundable | - | - |
| Total Receivables | 2,552 | 2,438 |
11 Creditors and Borrowings
Current
| | 2006
$'000 | 2005
$'000 |
|--------------------|----------------|----------------|
| Trade Creditors | 2,327 | 3,209 |
| Other Creditors | 1,703 | - |
| Interest Payable | 569 | 323 |
| Income Tax Payable | 128 | 144 |
| Employee Provisions | 252 | 263 |
| | 4,979 | 3,939 |
Non Current
| | 2006
$'000 | 2005
$'000 |
|-------------------------|----------------|----------------|
| Bank Loans unsecured | - | 33,800 |
| Intercompany Borrowings | - | - |
| | 34,100 | 33,800 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 158
Gazette.govt.nz —
NZ Gazette 2006, No 158
✨ LLM interpretation of page content
🏭
Notes to the Financial Statements for Eastland Network Limited
(continued from previous page)
🏭 Trade, Customs & IndustryProperty, Plant, Equipment, Valuation, Receivables, Creditors, Borrowings
- Roger Kelly, Independent registered valuer