β¨ 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.
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β¨ LLM interpretation of page content
π°
Transpower New Zealand Limited Financial Instrument Designation
(continued from previous page)
π° Finance & RevenueFinancial 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
NZ Gazette 2009, No 172