✨ Financial Statements




4014 NEW ZEALAND GAZETTE, No. 159 29 NOVEMBER 2010

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

15. Intangibles

LINES BUSINESS

Easements Software Total
$000 $000 $000

At 30 June 2010

Cost | 107,058 | 48,669 | 155,727 |
Accumulated amortisation | - | (34,823) | (34,823) |
Carrying value | 107,058 | 13,846 | 120,904 |

At 30 June 2009

Cost | 35,869 | 45,752 | 81,621 |
Accumulated amortisation | - | (35,086) | (35,086) |
Carrying value | 35,869 | 10,666 | 46,535 |

2010 reconciliation

Opening carrying value | 35,869 | 10,666 | 46,535 |
Additions | 71,189 | 10,216 | 81,405 |
Disposals | - | 10 | 10 |
Impairment | - | - | - |
Amortisation | - | (7,046) | (7,046) |
Closing carrying value | 107,058 | 13,846 | 120,904 |

2009 reconciliation

Opening carrying value | 11,172 | 5,888 | 17,060 |
Additions | 24,697 | 10,968 | 35,665 |
Disposals | - | - | - |
Impairment | - | - | - |
Amortisation | - | (6,190) | (6,190) |
Closing carrying value | 35,869 | 10,666 | 46,535 |

LINES BUSINESS
2010
$000
Future contractual commitments
Easements 66
Software 153

Easements

Easements are deemed to have an indefinite useful life because:

i) There is no "expiry" date to the easement agreements

ii) The Lines Business is expected to use the easements indefinitely, based on past experience.

Easements also includes injurious affection payments and related costs such as resource consents

There was no impairment on easements during the year (2009: none). The cost of easements are expected to be fully recovered from transmission customers.

Software

The amortisation of software occurs over 3-5 years.



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Online Sources for this page:

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





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

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Financial statements, Intangibles, Easements, Software, Amortisation, Reconciliation, Future contractual commitments