✨ Financial Statements Notes
NGC HOLDINGS LIMITED
GAS RETAILING ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010
8. PROVISIONS
| 2010 | 2009 | |
|---|---|---|
| $'000 | $'000 | |
| Balance at the beginning of the period | 89 | 6,013 |
| Increase of provision for employee entitlements | 1 | 2 |
| Decrease of other provisions | - | (5,926) |
| Balance at the end of the period | 90 | 89 |
9. COMMITMENTS
There is no capital expenditure committed for and not recorded in these financial statements for the year ended 30 June 2010 (30 June 2009: nil).
Operating lease commitments
| 2010 | 2009 | |
|---|---|---|
| $'000 | $'000 | |
| Non-cancellable operating lease payments are as follows: | ||
| Within one year | 52 | 53 |
| One to five years | 1 | 37 |
| Total | 53 | 90 |
The majority of the operating lease commitments relate to premises.
10. PROPERTY, PLANT AND EQUIPMENT
2010
| COST | ACCUMULATED DEPRECIATION | CARRYING AMOUNT | |
|---|---|---|---|
| $'000 | $'000 | $'000 | |
| Plant, vehicles and equipment | 848 | (682) | 166 |
| Total | 848 | (682) | 166 |
2009
| COST | ACCUMULATED DEPRECIATION | CARRYING AMOUNT | |
|---|---|---|---|
| $'000 | $'000 | $'000 | |
| Plant, vehicles and equipment | 880 | (565) | 315 |
| Total | 880 | (565) | 315 |
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NZ Gazette 2010, No 158
✨ LLM interpretation of page content
💰
Certification of Financial Statements for NGC Holdings Limited
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Accounting Policies, Gas Retailing, Approval