New Zealand Gazette – 2006 – No. 166

Page 4797

✨ Financial Statements



5 DECEMBER 2006

NEW ZEALAND GAZETTE, No. 166

4797

Network Tasman Limited

Line Business Financial Statements

Notes to and forming part of the financial statements
For the year ended 31 March 2006

Property, plant & equipment - March 2005

At cost At valuation Accum. depreciation Carrying Amount
Primary distribution assets 1,174 6,867 190 7,851
Secondary distribution assets 5,539 96,002 3,291 98,250
Substation assets 741 7,817 285 8,273
Load control plant 312 617 58 871
Streetlights 3 275 43 238
Consumer connections 38 6,242 277 6,003
Communications 86 2,044 84 2,046
Plant and equipment 1,739 0 1,202 537
Computer equipment 2,250 0 1,981 269
Motor vehicles 268 0 123 145
Assets under construction 1,843 0 0 1,843
Total 13,991 119,867 7,534 126,326

Valuation information
The distribution system assets were last revalued as at 31 March 2004 to a net current value of $120.4 million. The valuation to optimised depreciated replacement cost (ODRC) was carried out by independent valuers, PricewaterhouseCoopers.

Review of useful lives of property, plant and equipment

Estimate of increase in depreciation charge following a review of useful lives 2006 ($000) 2005 ($000)
1,312 1,312

10. Deferred taxation

2006 ($000) 2005 ($000)
Balance at beginning of year 64 59
Deferred tax on timing differences 21 5
Balance at end of year 85 64

11. Payables and accruals

Current

2006 ($000) 2005 ($000)
Trade payables and accruals 2,234 2,231
Total current payables and accruals 2,234 2,231


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 166


Gazette.govt.nz — PDF NZ Gazette 2006, No 166




✨ LLM interpretation of page content

🏭 Network Tasman Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
15 November 2006
Financial Statements, Property Plant & Equipment, Valuation, Depreciation, Deferred Taxation, Payables