New Zealand Gazette – 2008 – No. 186

Page 4904

✨ Financial Restatement



NEW ZEALAND GAZETTE, No. 186

28 NOVEMBER 2008

TRANSPOWER NEW ZEALAND LIMITED (INS) BUSINESS

Restated Financial Information under NZ IFRS

Balance Sheet as at 30 June 2007
ASSETS EMPLOYED NZ GAAP $\'000 Enduring Provisions $\$(a)$ Distributing Surplus $\$(b)$ Deferred Tax $\$(c)$ Fair Value Hedges $\$(d)$ Rental Incentive $\$(e)$ Leave Provisions $\$(f)$ Other Financial Instruments Inapplicables $\$(g)$ Restructuring Reclassify $\$(h)$ Adjustments Total $\$(i)$ NZ IFRS $\$'000
Current assets
Cash and cash equivalents 81,342 - - - - - - - - (2,757) 78,585
Trade and other receivables 86,046 - - - - - - - - - 86,046
Current tax asset 8 - - - - - - - - - 8
Other financial assets inventories 528,323 - - - - - - - 102,338 3,533 534,194
Non-current assets
Other financial assets 598,718 - - 3,635 - - - - - 1,567 603,920
Property, plant and equipment 2,328,062 - - - - - - 4,151 - (1,507) 2,330,706
Intangible assets 14,802 - - - - - - (3,635) - - 11,167
Total Assets 3,594,301 - 316 3,635 - - - 492 102,338 (4,176) 3,700,996

| FUNDS EMPLOYED | | | | | | | | | | | |
| Current liabilities | | | | | | | | | | | |
| Trade and other payables | 87,635 | - | - | - | - | - | 398 | - | - | - | 87,633 |
| Current debt | 758,595 | - | - | - | - | - | - | - | - | - | 758,595 |
| Deferred income | 11,761 | - | - | 3,240 | - | - | - | - | - | - | 15,001 |
| Provisions | 5,921 | - | 715 | - | - | 20,000 | 38 | - | - | - | 26,674 |
| Non-current liabilities | | | | | | | | | | | |
| Finance lease liabilities | 2,635 | - | - | - | - | - | - | - | 2,635 | - | 5,270 |
| Non-current debt | 849,857 | - | - | (672) | - | - | - | (130,297) | - | - | 719,888 |
| Deferred tax | 853,868 | - | - | - | - | - | (120) | 42 | - | (130,297) | 723,513 |
| Deferred income | 96,450 | - | - | - | - | - | - | 6,800 | - | - | 103,250 |
| Provisions | - | - | - | - | - | 6,600 | (672) | 95 | - | - | 6,023 |
| | | | | | | | | | | | |
| Total Liabilities | 1,697,477 | - | 715 | 2,568 | - | 26,600 | 278 | (123,479) | 2,635 | (130,867) | 1,576,701 |

| Equity | | | | | | | | | | | |
| Capital Reserves | 1,200,600 | - | - | - | - | - | - | - | - | - | 1,200,600 |
| Accumulated surplus/(deficit) | 221 | - | 221 | - | - | (108) | (278) | (479) | - | (91,298) | (91,714) |
| Total equity | 1,200,821 | - | 221 | - | - | (108) | (278) | (479) | - | (91,298) | 1,109,882 |

| TOTAL FUNDS EMPLOYED | 2,942,186 | - | 316 | 3,635 | - | 26,492 | - | (123,958) | 105,384 | (216,343) | 3,045,670 |



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🏭 Restated Financial Information under NZ IFRS for Transpower New Zealand Limited Lines Business (continued from previous page)

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