✨ Financial Statements




28 NOVEMBER 2011 NEW ZEALAND GAZETTE, No. 184 5317

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

3. Deferred income

LINES BUSINESS 2011 2010
$M $M
New investment agreements -12.1 13.3
Transmission realignment 21.5 19.5
Other 15.4 1.6
Total deferred income 24.8 34.4

New investment agreements

New investment agreements (or customer investment contracts) 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 rate of return 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 being recognised over the life of the related transmission assets.



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2011, No 184





✨ LLM interpretation of page content

πŸ’° Deferred Income for Transpower New Zealand Limited (continued from previous page)

πŸ’° Finance & Revenue
Deferred Income, Financial Statements, Transpower, Lines Business