✨ Financial Statements
9 DECEMBER 2008
NEW ZEALAND GAZETTE, No. 191
5017
Notes to and Forming Part of the Financial Statements
For the year ended 30 June 2008
POWERCO
GAS DIVISION
7 PROPERTY, PLANT AND EQUIPMENT
| Network assets NZ$000 | Plant and equipment NZ$000 | Work in progress NZ$000 | TOTAL NZ$000 | |
|---|---|---|---|---|
| Gross carrying value | ||||
| Balance at 30 June 2008 | 417,080 | 9,287 | 999 | 416,079 |
| Acquisition of plant & equipment assets from inter-division | 5,480 | 9,287 | ||
| Transfers | 7,219 | (5,486) | 6,029 | |
| Additions | 200 | 6,610 | ||
| Disposals | ||||
| Balance at 30 June 2007 | 423,759 | 9,487 | 2,149 | 435,395 |
| Transfers | 10,338 | (10,338) | ||
| Additions | 1,025 | 10,729 | 11,754 | |
| Disposals | ||||
| Balance at 30 June 2008 | 434,098 | 10,512 | 2,539 | 447,149 |
| | | | | |
| Accumulated depreciation | | | | |
| Balance at 30 June 2008 | 42,333 | 3,067 | - | 43,333 |
| Acquisition of plant & equipment assets from inter-division | - | | | 3,067 |
| Depreciation expense | 9,804 | 1,086 | - | 10,890 |
| Balance at 30 June 2007 | 52,137 | 4,153 | - | 56,290 |
| Disposals/depreciation | | 952 | - | |
| Balance at 30 June 2008 | 61,851 | 5,036 | - | 66,887 |
| | | | | |
| Net book value | | | | |
| Net book value 30 June 2007 | 371,622 | 5,334 | 2,149 | 379,105 |
| Net book value 30 June 2008 | 372,247 | 5,476 | 2,539 | 380,262 |
8 OTHER INTANGIBLES
| Software NZ$000 | TOTAL NZ$000 | |
|---|---|---|
| Gross carrying value | ||
| Balance at 30 June 2008 | - | |
| Acquisition of plant & equipment assets from inter-division | 900 | 900 |
| Additions | 251 | 251 |
| Disposals | - | |
| Balance at 30 June 2007 | 1,241 | 1,241 |
| | | |
| Additions | - | |
| Disposals | - | |
| Balance at 30 June 2008 | 1,241 | 1,241 |
| | | |
| Accumulated amortisation | | |
| Balance at 30 June 2008 | - | |
| Acquisition of plant & equipment assets from inter-division | 317 | 317 |
| Amortisation expense | 453 | 453 |
| Balance at 30 June 2007 | 770 | 770 |
| Disposals | - | |
| Amortisation expense | 279 | 279 |
| Balance at 30 June 2008 | 1,049 | 1,049 |
| | | |
| Net book value | | |
| Net book value 30 June 2007 | 471 | 471 |
| Net book value 30 June 2008 | 192 | 192 |
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NZ Gazette 2008, No 191
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Powerco Gas Division Financial Statements
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💰 Finance & RevenueRevenue, Expenditure, Property, Plant, Equipment, Intangibles, Depreciation, Amortisation