Financial Restatement




4906 NEW ZEALAND GAZETTE, No. 186 28 NOVEMBER 2008

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

(b) Freestra Shares
Transpower owns Freestra shares. These shares are classified as available for sale and are held at fair value with movements in fair value going to reserves. Previously, Freestra shares were recognised and held at cost as part of Transpower’s property, plant and equipment.

(f) A dismantling provision
A dismantling provision has been recognised on transition to IFRS in relation to the HVCDC Pole 1.

(i) Recognition of inventory
The provision for obsolete inventory has been reclassified to property, plant and equipment as the provision relates to spares



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Online Sources for this page:

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





✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Financial Restatement, NZ IFRS, Freestra Shares, Dismantling Provision, Inventory, Property Plant and Equipment, Transpower