✨ Financial Statement




27 NOVEMBER 2009

NEW ZEALAND GAZETTE, No. 172

4177

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

14. Intangibles

LINES BUSINESS

Easements Software Total
$000 $000 $000
At 30 June 2009
Cost 35,869 45,752 81,621
Accumulated amortisation - (35,086) (35,086)
Carrying value 35,869 10,666 46,535

| | | | |
| At 30 June 2008 | | | |
| Cost | 11,172 | 34,784 | 45,956 |
| Accumulated amortisation | - | (28,896) | (28,896) |
| Carrying value | 11,172 | 5,888 | 17,060 |

2009 reconciliation

Easements Software Total
Opening carrying value 11,172 5,888 17,060
Additions / transfers 24,697 10,968 35,665
Disposals / transfers - - -
Impairment - - -
Amortisation - (6,190) (6,190)
Closing carrying value 35,869 10,666 46,535

2008 reconciliation

Easements Software Total
Opening carrying value 9,275 5,577 14,852
Additions / transfers 1,897 5,548 7,445
Disposals / transfers - (24) (24)
Impairment - - -
Amortisation - (5,213) (5,213)
Closing carrying value 11,172 5,888 17,060

Future contractual commitments

LINES BUSINESS
2009 2008
$000 $000
Easements 197 156
Software 435 459

Easements

Easements are deemed to have an indefinite useful life because

i) There is no "expiry" date to the easement agreements

ii) Transpower is expected to use the easements indefinitely, based on past experience.

Software

The amortisation of software occurs over 3-7 years.



Next Page →



Online Sources for this page:

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





✨ LLM interpretation of page content

πŸ’° Transpower New Zealand Limited Financial Instrument Designation (continued from previous page)

πŸ’° Finance & Revenue
Financial instruments, Investments, Derivatives, Hedge commitments, Impairment losses, Property, Plant, Equipment, Lines Business, HVDC Transmission Lines, HVAC Transmission Lines, HVAC Substations, HVDC Substations and Submarine Cables, Communications, Capital work in progress, Net book value, Cost, Accumulated depreciation, Additions, Disposals, Transfers, Depreciation