✨ Financial Statements Notes
NGC HOLDINGS LIMITED
GAS TRANSMISSION ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2009
8. PROPERTY, PLANT AND EQUIPMENT
| | COST | ACCUMULATED | CARRYING |
| | $000 | DEPRECIATION | AMOUNT |
| | | $000 | $000 |
|---------------------------|-----------|-----------------|---------------|
| 2009 | | | |
| Pipelines, compressors and gate stations | 457,630 | (61,197) | 396,433 |
| Plant, vehicles and equipment | 28,488 | (20,819) | 7,669 |
| Freehold land | 483 | - | 483 |
| Buildings | 4,257 | (1,328) | 2,929 |
| Capital work in progress | 10,278 | - | 10,278 |
| Total | 501,136 | (83,344) | 417,792 |
| | COST | ACCUMULATED | CARRYING |
| | $000 | DEPRECIATION | AMOUNT |
| | | $000 | $000 |
|---------------------------|-----------|-----------------|---------------|
| 2008 | | | |
| Pipelines, compressors and gate stations | 451,957 | (48,318) | 403,639 |
| Plant, vehicles and equipment | 30,687 | (20,146) | 10,541 |
| Freehold land | 436 | - | 436 |
| Buildings | 4,395 | (1,279) | 3,116 |
| Capital work in progress | 6,526 | - | 6,526 |
| Total | 494,001 | (69,743) | 424,258 |
Interest and other internal costs are capitalised to property, plant and equipment while under construction. Interest is capitalised against property, plant and equipment largely at a capitalisation rate of 8% per annum. During the year $0.1 million (30 June 2008: $0.1 million) of interest and other costs were capitalised.
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NZ Gazette 2009, No 173
✨ LLM interpretation of page content
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Notes to the Financial Statements for NGC Holdings Limited
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💰 Finance & Revenue30 June 2009
Financial Statements, Property, Plant and Equipment, Depreciation, NGC Holdings Limited