β¨ 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.
Next Page →
β¨ LLM interpretation of page content
π
Transpower New Zealand Limited Financial Statements
(continued from previous page)
π Trade, Customs & IndustryFinancial statements, Intangibles, Easements, Software, Amortisation, Reconciliation, Future contractual commitments
NZ Gazette 2010, No 159