✨ Financial Statements Notes
3968 NEW ZEALAND GAZETTE, No. 158 26 NOVEMBER 2010
NGC HOLDINGS LIMITED
GAS TRANSMISSION ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010
8. PROPERTY, PLANT AND EQUIPMENT
| COST | ACCUMULATED | CARRYING | |
|---|---|---|---|
| 2010 | $'000 | DEPRECIATION | AMOUNT |
| $'000 | $'000 | ||
| Pipelines, compressors and gate stations | 466,449 | (65,762) | 400,687 |
| Plant, vehicles and equipment | 31,077 | (24,773) | 6,304 |
| Freehold land | 229 | - | 229 |
| Capital work in progress | 6,115 | - | 6,115 |
| Total | 503,870 | (90,535) | 413,335 |
| COST | ACCUMULATED | CARRYING | |
|---|---|---|---|
| 2009 | $'000 | DEPRECIATION | AMOUNT |
| $'000 | $'000 | ||
| Pipelines, compressors and gate stations | 457,630 | (61,197) | 396,433 |
| Plant, vehicles and equipment | 30,721 | (22,147) | 8,574 |
| Freehold land | 483 | - | 483 |
| Capital work in progress | 10,278 | - | 10,278 |
| Total | 499,112 | (83,344) | 415,768 |
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 7% per annum. During the year $0.1 million (30 June 2009: $0.1 million) of interest and other costs were capitalised.
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NZ Gazette 2010, No 158
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Notes to the Financial Statements for NGC Holdings Limited
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💰 Finance & RevenueFinancial Statements, Property, Plant, Equipment, Depreciation, Capital Work, Pipelines, Compressors, Gate Stations, Freehold Land