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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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2009, No 172





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🏭 Transpower New Zealand Limited Deferred Income (continued from previous page)

🏭 Trade, Customs & Industry
Deferred Income, Investment Agreements, Transmission Realignment, Financial Statements