✨ Financial Statements
12 FEBRUARY 2008
NEW ZEALAND GAZETTE, No. 20
437
Network Tasman Limited
Line Business Financial Statements
Notes to and forming part of the financial statements
For the year ended 31 March 2007
| | At cost | At valuation | Accum. | Carrying |
| | $000 | $000 | depreciation | Amount |
| | | | $000 | $000 |
Property, plant & equipment - March 2006
Primary distribution assets | 1,866 | 6,867 | 400 | 8,333
Secondary distribution assets | 10,118 | 96,002 | 6,689 | 99,431
Substation assets | 2,699 | 7,617 | 585 | 9,931
Building | 1,952 | 0 | 44 | 1,908
Load control plant | 364 | 817 | 127 | 854
Streetlights | 8 | 278 | 87 | 199
Consumer connections | 38 | 6,242 | 555 | 5,725
Communications | 1,465 | 0 | 0 | 1,465
Plant and equipment | 931 | 0 | 407 | 524
Computer equipment | 1,140 | 0 | 821 | 319
Motor vehicles | 269 | 0 | 133 | 135
Assets under construction | 1,335 | 0 | 0 | 1,335
Total | 22,185 | 117,823 | 9,848 | 130,160
Valuation information
System fixed assets were revalued as at 31 March 2007 to a net current value of $148.057 million. The valuation to depreciated replacement cost (DRC) was carried out by independent valuers, PricewaterhouseCoopers. The valuation report is dated 9 May 2007.
10. Deferred taxation
| | 2007 | 2006 |
| | $000 | $000 |
Balance at beginning of year | 85 | 64
Deferred tax on timing differences | (34) | 21
Balance at end of year | 51 | 85
11. Payables and accruals
Current
Trade payables and accruals | 3,245 | 2,234
Total current payables and accruals | 3,245 | 2,234
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 20
Gazette.govt.nz —
NZ Gazette 2008, No 20
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Line Business Financial Statements for Network Tasman Limited
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🏭 Trade, Customs & Industry21 January 2008
Financial Statements, Income Tax, Dividends, Equity, Retained Earnings, Network Tasman Limited