✨ Financial Statements




29 NOVEMBER 2010 NEW ZEALAND GAZETTE, No. 159 4001

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

3. Deferred Income

LINES BUSINESS 2010 2009
$000 $000
New investment agreements 13,314 14,306
Transmission realignment 19,465 18,075
Other 1,610 482
Total deferred income 34,389 32,863

New Investment Agreements

New investment agreements are contracts entered into with customers to build grid connection assets. Where the customer pays the cost to build the asset upfront, the revenue is recognised over the contract period. Related imputed interest expense is based on the Group's WACC in the year the payment was received.

Transmission Realignment

The Transpower Lines Business has carried out some work on transmission line assets consisting of undergrounding and realignment in respect of a property development. The revenue received is recognised over the life of the specific transmission assets.



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2010, No 159





✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
19 November 2010
Financial statements, Deferred Income, New Investment Agreements, Transmission Realignment