✨ Financial Statements
26 NOVEMBER 2010 NEW ZEALAND GAZETTE, No. 158 3933
VECTOR LIMITED & SUBSIDIARIES
GAS DISTRIBUTION ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010
4. DEFERRED TAX
| PROPERTY, PLANT AND EQUIPMENT | PROVISIONS AND ACCRUALS | TAX LOSSES | OTHER | TOTAL | |
|---|---|---|---|---|---|
| $000 | $000 | $000 | $000 | $000 | |
| 2010 | |||||
| Balance at the beginning of the period | (56,739) | (145) | - | 252 | (56,632) |
| Amounts recognised in the statement of comprehensive income: | |||||
| Relating to the current period | (5,456) | 639 | - | (4) | (4,821) |
| Prior period adjustments | (20) | 17 | - | (242) | (245) |
| Relating to future reduction in tax rate | 4,130 | (59) | - | - | 4,071 |
| Relating to future change in buildings depreciation rules | (12) | - | - | - | (12) |
| Amounts recognised directly in the statement of financial position | 275 | 364 | - | - | 639 |
| Balance at the end of the period | (57,822) | 816 | - | 6 | (57,000) |
| Deferred tax assets | - | 816 | - | 6 | 822 |
| Deferred tax liabilities | (57,822) | - | - | - | (57,822) |
| Net deferred tax (liabilities) / assets | (57,822) | 816 | - | 6 | (57,000) |
| 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 statement of comprehensive income: | |||||
| Relating to the current period | (4,131) | (731) | - | (28) | (4,890) |
| Prior period adjustments | (24) | (19) | - | 38 | (5) |
| Amounts recognised directly in the statement of financial position: | |||||
| Utilisation of prior year tax losses | - | - | (3,595) | - | (3,595) |
| Prior period adjustments | (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 (liabilities) / assets | (56,739) | (145) | - | 252 | (56,632) |
5. RECEIVABLES AND PREPAYMENTS
| 2010 | 2009 | |
|---|---|---|
| $000 | $000 | |
| Current | ||
| Trade receivables | 9,217 | 8,017 |
| Provision for doubtful debts | (173) | (317) |
| 9,044 | 7,700 | |
| Prepayments | 991 | 958 |
| Total | 10,035 | 8,658 |
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NZ Gazette 2010, No 158
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Vector Limited Financial Statements for Gas Distribution Activities
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🏭 Trade, Customs & IndustryFinancial Statements, Vector Limited, Gas Distribution, Deferred Tax, Property, Plant and Equipment, Provisions and Accruals, Tax Losses, Trade Receivables, Prepayments