✨ Financial Statements
Network Tasman Limited
Line Business Financial Statements
Notes to and forming part of the financial statements
For the year ended 31 March 2006
Operating lease commitments
Lease commitments under non-cancellable operating leases are payable as follows:
| 2006 | 2005 | |
|---|---|---|
| Less than one year | 247 | 253 |
| Between one and two years | 247 | 253 |
| Between two and five years | 741 | 758 |
| Greater than five years | 1,107 | 1,383 |
Total operating lease commitments | 2,342 | 2,647 |
18. Contingencies
As at 31 March 2006 there were no material contingent liabilities or contingent assets (2005: nil).
19. Events occurring after balance date
The directors of Network Tasman Limited are not aware of any significant event occurring subsequent to balance date which, if known at balance date, would have resulted in a different assessment within the financial statements.
20. Mandatory specific disclosures
Items required to be separately listed in the financial statements as required under the Electricity Information Disclosure Requirements 2004:
| 2006 | 2005 | |
|---|---|---|
| $000 | $000 |
1. Current assets
(a) Cash & bank balances | 141 | 312 |
(b) Short-term investments | 6,833 | 7,854 |
(c) Inventories | 0 | 0 |
(d) Accounts receivable | 2,736 | 2,722 |
(e) Other receivables | 0 | 0 |
(f) Prepayments | 177 | 170 |
(g) Other current assets not listed in (a) to (f) | 0 | 121 |
(h) Total current assets | 9,887 | 11,179|
2. Fixed assets
(a) System fixed assets | 125,938 | 123,532|
(b) Consumer billing and information system assets | 319 | 269 |
(c) Motor vehicles | 137 | 145 |
(d) Office equipment | 99 | 84 |
(e) Land and buildings | 1,908 | 0 |
(f) Capital works under construction | 1,335 | 1,843 |
(g) Other fixed assets not listed in (a) to (f) | 425 | 453 |
(h) Total fixed assets | 130,160| 126,326|
3. Other tangible assets not listed above
| | 85 | 64 |
4. Total tangible assets
| | 140,133| 137,569|
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 166
Gazette.govt.nz —
NZ Gazette 2006, No 166
✨ LLM interpretation of page content
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Network Tasman Limited Financial Statements
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🏭 Trade, Customs & Industry15 November 2006
Financial Statements, Operating Surplus, Cash Flows, Related Parties, Credit Risk, Interest Rate Risk, Segmental Information, Capital Commitments, Operating Lease Commitments, Contingencies, Events After Balance Date, Mandatory Specific Disclosures, Current Assets, Fixed Assets, Tangible Assets