New Zealand Gazette – 2008 – No. 46

Page 1324

✨ Financial Statements



1324

NEW ZEALAND GAZETTE, No. 46

3 MARCH 2008

Notes to and Forming Part of the Financial Statements
For the year ended 31 March 2007

POWERCO

ELECTRICITY DIVISION

5 PROPERTY, PLANT AND EQUIPMENT

Gross carrying value Network assets NZ$000 GIS information system NZ$000 Plant and equipment NZ$000 Work in progress NZ$000 TOTAL NZ$000
Balance at 30 June 2005 949,223 13,723 - 27,299 990,245
Transfers 25,845 - - (25,845) -
Additions 54,262 1,193 - 7,648 63,103
Disposals - - - - -
Balance at 30 June 2006 1,029,330 14,916 - 9,102 1,053,348
Acquisition of plant & equipment assets from inter-division 39,230 - 23,692 (39,230) 23,692
Additions - - 761 37,223 37,984
Disposals (14,028) - - - (14,028)
Balance at 31 March 2007 1,054,532 14,916 24,453 7,095 1,100,996
Accumulated depreciation
Balance at 30 June 2005 45,867 1,695 - - 47,562
Disposals - - - - -
Depreciation expense 38,585 316 - - 38,901
Balance at 30 June 2006 84,452 2,011 - - 86,463
Acquisition of plant & equipment assets from inter-division - - 11,895 - 11,895
Disposals - - - - -
Depreciation expense 29,048 246 3,007 - 32,301
Balance at 31 March 2007 113,500 2,257 14,902 - 130,659
Net book value 30 June 2006 944,878 12,905 - 9,102 966,886
Net book value 31 March 2007 941,032 12,659 9,551 7,095 970,337

There is no restrictions in titles relating to property, plant and equipment or items pledged as security for liabilities.

6 OTHER INTANGIBLES

Gross carrying value Software NZ$000 TOTAL NZ$000
Balance at 30 June 2005 - -
Additions - -
Disposals - -
Balance at 30 June 2006 - -
Acquisition of plant & equipment assets from inter-division 3,961 3,961
Additions 1,004 1,004
Disposals - -
Balance at 31 March 2007 4,965 4,965
Accumulated amortisation
Balance at 30 June 2005 - -
Disposals - -
Amortisation expense - -
Balance at 30 June 2006 - -
Acquisition of plant & equipment assets from inter-division 1,268 1,268
Disposals - -
Amortisation expense 1,364 1,364
Balance at 31 March 2007 2,632 2,632
Net book value 30 June 2006 - -
Net book value 31 March 2007 2,333 2,333


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 46


Gazette.govt.nz — PDF NZ Gazette 2008, No 46




✨ LLM interpretation of page content

🏭 Maori profile of financial instruments (continued from previous page)

🏭 Trade, Customs & Industry
25 February 2008
Financial Instruments, Interest Rate Swaps, Currency Swaps, Fair Value, Accounting Policies

🏭 Property, Plant and Equipment Financial Statements

🏭 Trade, Customs & Industry
Financial Statements, Property, Plant, Equipment, Assets, Depreciation, Valuation

🏭 Other Intangibles Financial Statements

🏭 Trade, Customs & Industry
Financial Statements, Intangible Assets, Software, Amortisation, Valuation