New Zealand Gazette – 2008 – No. 186

Page 4872

✨ Financial Statements

NEW ZEALAND GAZETTE, No. 186

28 NOVEMBER 2008

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

3. Deferred Income

	LINES BUSINESS
	2008	2007
	$000	$000
New investment agreements	12,296	13,024
Transmission realignment	19,541	-
Other	3,513	2,691
Total deferred income	35,350	15,715

New Investment Agreements
New investment agreements are contracts entered into with customers to build grid connection assets. Where the customer pays the cost to build the asset upfront, the revenue is recognised over the contract period. Related interest expense is based on the Lines Business’s WACC in the year the payment was received.

Transmission Realignment
The Lines Business has carried out some work on transmission assets consisting of undergrounding and realignment regarding a property development. The revenue received is recognised over the life of the specific transmission assets, 50 years, beginning 1 July 2009, the expected commissioning date.

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

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Lines Business Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Deferred Income, Investment Agreements, Transmission Realignment

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