✨ Financial Statements




28 NOVEMBER 2008 NEW ZEALAND GAZETTE, No. 186 4861

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

BALANCE SHEET
AS AT 30 JUNE 2008

LINES BUSINESS
2008 2007
$000 $000

ASSETS EMPLOYED
Current assets
Cash and cash equivalents | 2,910 | 1,919 |
Trade and other receivables | 26,254 | 58,646 |
Current tax asset | 7,685 | 8,402 |
Investments | 99,569 | 65 |
Derivatives in gain | 77,410 | 102,038 |
Other financial assets | 1,172 | 529,928 |
Inventories | 3,544 | 2,136 |
| 217,544 | 703,134 |

Non current assets
Non current receivables | 3,125 | 5,409 |
Other financial assets | 3,995 | 4,151 |
Works under construction | 316,765 | 251,421 |
Property, plant and equipment | 2,191,659 | 2,066,753 |
Intangibles | 17,060 | 14,802 |
| 2,532,504 | 2,342,536 |

TOTAL ASSETS EMPLOYED | 2,750,088 | 3,045,670 |

FUNDS EMPLOYED
Current liabilities
Trade and other payables | 70,388 | 56,847 |
Current debt | 153,719 | 758,659 |
Derivatives in loss | 15,572 | 131,039 |
Deferred income | 35,350 | 15,715 |
Provisions | 25,654 | 25,921 |
| 301,683 | 988,181 |

Non current liabilities
Non current payables | 2,279 | 2,535 |
Finance lease liabilities | 1,495 | 1,643 |
Non current debt | 1,035,607 | 719,090 |
Deferred tax | 176,014 | 180,807 |
| 1,215,395 | 904,075 |

Total liabilities | 1,517,078 | 1,892,256 |

Equity
Capital | 1,200,000 | 1,200,000 |
Reserves | (331) | 222 |
Accumulated surplus (deficit) | 33,397 | (46,808) |
| 1,233,066 | 1,153,414 |

TOTAL FUNDS EMPLOYED | 2,750,088 | 3,045,670 |

The Board of Directors of Transpower New Zealand Limited authorised these Financial Statements for issue on 27 November 2008. For, and on behalf of, the Board

Signature Signature

GREGORY FORTUNE MARK TUME
DIRECTOR DIRECTOR

These statements are to be read in conjunction with the accompanying notes.



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2008, No 186





✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Balance Sheet (continued from previous page)

🏭 Trade, Customs & Industry
27 November 2008
Balance Sheet, Assets, Liabilities, Equity, Financial Statements
  • Gregory Fortune, Director
  • Mark Tume, Director