✨ Financial Statements
NGC HOLDINGS LIMITED
GAS WHOLESALING ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010
7. PROVISIONS
| 2010 | 2009 | |
|---|---|---|
| $000 | $000 | |
| Balance at the beginning of the period | 4,064 | 1,521 |
| Increase / (decrease) of provision for employee entitlements | 24 | (7) |
| (Decrease) / increase of other provisions | (336) | 2,550 |
| Balance at the end of the period | 3,752 | 4,064 |
8. 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
| Non cancelable operating lease payments are as follows: | 2010 | 2009 |
|---|---|---|
| $000 | $000 | |
| Within one year | 54 | 62 |
| One to five years | 2 | 41 |
| Total | 56 | 103 |
The majority of the operating lease commitments relate to premises.
9. PROPERTY, PLANT AND EQUIPMENT
| COST | ACCUMULATED DEPRECIATION | CARRYING AMOUNT | |
|---|---|---|---|
| $000 | $000 | $000 | |
| 2010 | |||
| Plant, vehicles and equipment | 1,081 | (951) | 130 |
| Total | 1,081 | (951) | 130 |
| COST | ACCUMULATED DEPRECIATION | CARRYING AMOUNT | |
|---|---|---|---|
| $000 | $000 | $000 | |
| 2009 | |||
| Plant, vehicles and equipment | 645 | (468) | 177 |
| Total | 645 | (468) | 177 |
10. INTANGIBLE ASSETS
| COST | ACCUMULATED AMORTISATION | CARRYING AMOUNT | |
|---|---|---|---|
| $000 | $000 | $000 | |
| 2010 | |||
| Software | 3,041 | (2,180) | 861 |
| Total | 3,041 | (2,180) | 861 |
| COST | ACCUMULATED AMORTISATION | CARRYING AMOUNT | |
|---|---|---|---|
| $000 | $000 | $000 | |
| 2009 | |||
| Software | 1,725 | (1,170) | 555 |
| Total | 1,725 | (1,170) | 555 |
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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 & Revenue15 November 2010
Financial Statements, Accounting Policies, Impairment, Non-financial Assets, Reversal of Impairment