✨ Financial Statements and Notes
30 NOVEMBER 2009 NEW ZEALAND GAZETTE, No. 173 4217
VECTOR LIMITED & SUBSIDIARIES
GAS DISTRIBUTION ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2009
4. DEFERRED TAX
| PROPERTY, PLANT AND EQUIPMENT | PROVISIONS AND ACCRUALS | TAX LOSSES | OTHER | TOTAL | |
|---|---|---|---|---|---|
| $000 | $000 | $000 | $000 | $000 | |
| 2009 | |||||
| Balance at the beginning of the period | (51,811) | 605 | 3,595 | 242 | (47,369) |
| Amounts recognised in the income statement: | |||||
| Relating to current period | (4,131) | (731) | - | (28) | (4,890) |
| Prior period adjustment | (24) | (19) | - | 38 | (5) |
| Amounts recognised directly in the balance sheet: | |||||
| Utilisation of prior year tax losses | - | - | (3,595) | - | (3,595) |
| Prior period adjustment | (773) | - | - | - | (773) |
| Balance at the end of the period | (56,739) | (145) | - | 252 | (56,632) |
| Deferred tax assets | - | - | - | 252 | 252 |
| Deferred tax liabilities | (56,739) | (145) | - | - | (56,884) |
| Net deferred tax (liability) / asset | (56,739) | (145) | - | 252 | (56,632) |
| PROPERTY, PLANT AND EQUIPMENT | PROVISIONS AND ACCRUALS | TAX LOSSES | OTHER | TOTAL | |
|---|---|---|---|---|---|
| $000 | $000 | $000 | $000 | $000 | |
| 2008 | |||||
| Balance at the beginning of the period | (48,616) | 942 | 4,056 | 106 | (43,502) |
| Amounts recognised in the income statement: | |||||
| Current year tax losses | - | - | 3,595 | - | 3,595 |
| Relating to current period | (3,257) | (337) | - | - | (3,594) |
| Amounts recognised directly in the balance sheet: | |||||
| Utilisation of prior year tax losses | - | - | (4,066) | - | (4,066) |
| Prior period adjustment | 62 | - | - | 136 | 198 |
| Balance at the end of the period | (51,811) | 605 | 3,595 | 242 | (47,369) |
| Deferred tax assets | - | 605 | 3,595 | - | 4,200 |
| Deferred tax liabilities | (51,811) | - | - | 242 | (51,569) |
| Net deferred tax (liability) / asset | (51,811) | 605 | 3,595 | 242 | (47,369) |
5. RECEIVABLES AND PREPAYMENTS
| | 2009 |
| | $000 |
| Current | |
| Trade receivables | 8,017 |
| Provision for doubtful debts | (317) |
| | 7,700 |
| Prepayments | 958 |
| Total | 8,658 |
| | 2008 |
| | $000 |
| Current | |
| Trade receivables | 8,939 |
| Provision for doubtful debts | (330) |
| | 8,609 |
| Prepayments | 620 |
| Total | 9,229 |
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NZ Gazette 2009, No 173
✨ LLM interpretation of page content
🏭
Certification of Financial Statements and Performance Measures for Gas Distribution
(continued from previous page)
🏭 Trade, Customs & Industry23 November 2009
Financial statements, Performance measures, Gas distribution, Vector Limited, Accounting policies, Impairment, Non-financial assets, Recoverable amount, Income statement, Deferred tax, Receivables, Prepayments