✨ Financial Statements
28 NOVEMBER 2008 NEW ZEALAND GAZETTE, No. 186 4883
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
14. Intangibles
LINES BUSINESS
| Easements | Software | Total | |
|---|---|---|---|
| $000 | $000 | $000 | |
| At 30 June 2008 | |||
| Cost | 11,172 | 34,784 | 45,956 |
| Accumulated amortisation | — | (28,896) | (28,896) |
| Carrying value | 11,172 | 5,888 | 17,060 |
| Easements | Software | Total | |
|---|---|---|---|
| $000 | $000 | $000 | |
| At 30 June 2007 | |||
| Cost | 9,276 | 29,428 | 38,703 |
| Accumulated amortisation | — | (23,901) | (23,901) |
| Carrying value | 9,275 | 5,577 | 14,802 |
2008 reconciliation
| Easements | Software | Total | |
|---|---|---|---|
| $000 | $000 | $000 | |
| Opening carrying value | 9,275 | 5,577 | 14,852 |
| Additions | 1,897 | 5,548 | 7,445 |
| Disposals | — | (24) | (24) |
| Impairment | — | — | — |
| Amortisation | — | (5,213) | (5,213) |
| Closing carrying value | 11,172 | 5,888 | 17,060 |
2007 reconciliation
| Easements | Software | Total | |
|---|---|---|---|
| $000 | $000 | $000 | |
| Opening carrying value | 4,597 | 6,051 | 10,648 |
| Additions | 4,710 | 5,691 | 10,401 |
| Disposals | (32) | (658) | (690) |
| Impairment | — | — | — |
| Amortisation | — | (5,557) | (5,557) |
| Closing carrying value | 9,275 | 5,577 | 14,802 |
Future contractual commitments
| 2008 | 2007 | |
|---|---|---|
| $000 | $000 | |
| Easements | 156 | 113 |
| Software | 459 | 477 |
Easements
Easements are deemed to have an indefinite useful life because:
i) There is no "expiry" date to the easement agreements
ii) Transpower is expected to use the easements indefinitely, based on past experience
Software
The amortisation of software occurs over 3–7 years.
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NZ Gazette 2008, No 186
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Transpower New Zealand Limited Lines Business Financial Statements
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🏭 Trade, Customs & IndustryFinancial Statements, Intangibles, Easements, Software, Reconciliation, Contractual Commitments