β¨ 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
GREGORY FORTUNE MARK TUME
DIRECTOR DIRECTOR
These statements are to be read in conjunction with the accompanying notes.
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β¨ LLM interpretation of page content
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Transpower New Zealand Limited Balance Sheet
(continued from previous page)
π Trade, Customs & Industry27 November 2008
Balance Sheet, Assets, Liabilities, Equity, Financial Statements
- Gregory Fortune, Director
- Mark Tume, Director
NZ Gazette 2008, No 186