✨ Financial Statements
4166 NEW ZEALAND GAZETTE, No. 172 27 NOVEMBER 2009
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
3. Deferred Income
| LINES BUSINESS | 2009 | 2008 |
|---|---|---|
| $000 | $000 | |
| New investment agreements | 14,306 | 12,296 |
| Transmission realignment | 18,075 | 19,541 |
| Other | 482 | 3,513 |
| Total deferred income | 32,863 | 35,350 |
New Investment Agreements
New investment agreements are contracts entered into with customers to build grid connection assets. Where the customer pays the cost to build the asset upfront, the revenue is recognised over the contract period. Related interest expense is based on the Lines Business’s WACC in the year the payment was received.
Transmission Realignment
The Lines Business has carried out some work on transmission assets consisting of undergrounding and realignment regarding a property development. The revenue received is recognised over the life of the specific transmission assets, 50 years, beginning 1 July 2009, the expected commissioning date.
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Transpower New Zealand Limited Deferred Income
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🏭 Trade, Customs & IndustryDeferred Income, Investment Agreements, Transmission Realignment, Financial Statements
NZ Gazette 2009, No 172