✨ Financial Statements
26 NOVEMBER 2010 NEW ZEALAND GAZETTE, No. 158 3967
NGC HOLDINGS LIMITED
GAS TRANSMISSION ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010
5. RECEIVABLES AND PREPAYMENTS
| 2010 | 2009 | |
|---|---|---|
| $000 | $000 | |
| Current | ||
| Trade receivables | 7,455 | 11,049 |
| Provision for doubtful debts | (59) | (470) |
| 7,396 | 10,579 | |
| Prepayments | 1,366 | 1,153 |
| Total | 8,762 | 11,732 |
6. NOTIONAL RESERVES
| 2010 | 2009 | |
|---|---|---|
| $000 | $000 | |
| Balance at beginning of the period | 142,445 | 139,822 |
| Net profit for the period | 46,242 | 29,060 |
| Decrease due to debt-equity ratio reset | - | (26,437) |
| Balance at end of the period | 188,687 | 142,445 |
7. INTANGIBLE ASSETS
2010
| COST | ACCUMULATED AMORTISATION | CARRYING AMOUNT | |
|---|---|---|---|
| $000 | $000 | $000 | |
| Easements | 241 | - | 241 |
| Software | 41,664 | (31,928) | 9,736 |
| Total | 41,905 | (31,928) | 9,977 |
2009
| COST | ACCUMULATED AMORTISATION | CARRYING AMOUNT | |
|---|---|---|---|
| $000 | $000 | $000 | |
| Software | 37,711 | (26,023) | 11,688 |
| Total | 37,711 | (26,023) | 11,688 |
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NZ Gazette 2010, No 158
✨ LLM interpretation of page content
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Notes to the Financial Statements for NGC Holdings Limited
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💰 Finance & RevenueFinancial Statements, Receivables, Prepayments, Notional Reserves, Intangible Assets