New Zealand Gazette – 2010 – No. 159

Page 4012

✨ Financial Statements



4012 NEW ZEALAND GAZETTE, No. 159 29 NOVEMBER 2010

14. Property, plant and equipment

LINES BUSINESS TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

HVAC Transmission Lines $\$000 HVAC Substations and Submarine Cables $\$000 HVDC Substations and Submarine Cables $\$000 Communications $\$000 Administration assets $\$000 Capital work in progress $\$000 Total $\$000
At 30 June 2010
Cost 1,201,270 326,194 1,460,505 141,261 78,380 474,551 3,765,416
Accumulated Depreciation (226,286) (26,078) (283,811) (60,756) (32,153) - (605,246)
Net book value 973,984 300,116 1,177,694 80,505 46,227 474,551 3,154,009
At 30 June 2009
Cost 1,132,469 323,013 1,440,641 139,995 50,882 439,816 3,626,979
Accumulated Depreciation (215,386) (24,641) (270,334) (55,893) (26,065) - (578,481)
Net book value 917,083 298,372 1,170,307 84,102 24,817 439,816 3,034,563

30 June 2010 reconciliation

| | | | | | |
| Opening net book value (1 July 2009)| 923,013 | 307,564 | 1,178,211 | 86,888 | 31,482 | - | 2,629,919 |
| Additions | 131,821 | 27,527 | 15,697 | 3,630 | 16,358 | 489,816 | 668,849 |
| Disposals/transfers | (24,627) | (18,334) | - | (1,078) | - | - | (46,215) |
| Depreciation | (87,782) | (16,507) | (15,233) | (8,839) | (3,271) | - | (132,632) |
| Impairment | - | - | - | - | - | - | - |
| Closing net book value | 973,984 | 300,116 | 1,177,694 | 80,505 | 46,227 | 474,551 | 3,154,009 |

30 June 2009 reconciliation

| | | | | | |
| Opening net book value (1 July 2008)| 953,051 | 312,924 | 1,179,123 | 93,643 | 30,090 | - | 2,568,831 |
| Additions | 41,036 | 23,295 | 5,590 | 1,234 | 2,351 | 450,126 | 523,632 |
| Disposals/transfers | (23,638) | (3,727) | - | (96) | - | - | (27,461) |
| Depreciation | (53,366) | (14,416) | (14,406) | (9,602) | (7,616) | - | (99,406) |
| Impairment | - | - | - | - | - | - | - |
| Closing net book value | 917,083 | 318,076 | 1,170,307 | 84,179 | 24,825 | 439,816 | 3,054,286 |

Administration assets

  • Land and buildings include computer hardware, plant, equipment, furniture and motor vehicles.
  • Administration assets are contained within the above classes and have a net book value of $277,551,101 (2009: $251,604,933)

Transpower Grid Upgrade property impairment

  • This impairment is for $24.8 million (2008: nil) in relation to those assets not classified as held for sale.
  • The nature of this impairment is discussed in Note 5: Non-current assets held for sale.


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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
Financial statements, Property, Plant, Equipment, Lines Business, Transpower New Zealand Limited, HVAC Transmission Lines, HVAC Substations, HVDC Substations, Communications, Administration assets, Capital work in progress, Depreciation, Impairment