✨ Financial Statements
23 NOVEMBER 2012 NEW ZEALAND GAZETTE, No. 140 4075
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2012
| Notes | LINES BUSINESS | ||
|---|---|---|---|
| 2012 $ | 2011 $ | ||
| ASSETS EMPLOYED | |||
| Current assets | |||
| Cash and cash equivalents | 0.9 | 0.1 | |
| Trade and other receivables | 8 | 77.0 | 76.9 |
| Derivatives and hedge commitment in gain | 10 | 47.7 | 52.4 |
| Non current assets held for sale | 13 | 67.1 | 37.5 |
| Inventories | 11 | 11.3 | 11.7 |
| Total current assets | 204.0 | 178.6 |
| Non current assets | | | |
| Trade and other receivables | 8 | 24.0 | 16.3 |
| Derivatives and hedge commitment in gain | 10 | 169.6 | 167.7 |
| Other financial assets | 12 | 7.7 | 3.9 |
| Property, plant and equipment | 13 | 2,713.8 | 2,605.7 |
| Capital work in progress | 13 | 1,287.2 | 735.2 |
| Intangibles | 13 | 239.9 | 259.2 |
| Total non current assets | | 4,442.2 | 3,788.0|
| TOTAL ASSETS EMPLOYED | | 4,646.2 | 3,966.6|
| FUNDS EMPLOYED | | | |
| Current liabilities | | | |
| Cash and cash equivalents | | - | 6.4 |
| Trade and other payables | 14 | 181.2 | 152.2 |
| Current tax liability | | 4.5 | 2.1 |
| Current debt | 17 | 10.1 | 493.5 |
| Derivatives and hedge commitment in loss | 10 | 0.2 | 130.7 |
| Deferred income | 3 | 50.6 | 34.8 |
| Provisions | 15 | 7.4 | 12.2 |
| Total current liabilities | | 254.0 | 831.9|
| Non current liabilities | | | |
| Non current payables | | 1.0 | 1.7 |
| Finance lease liabilities | 16 | - | 1.0 |
| Derivatives and hedge commitment in loss | 10 | 240.9 | 214.3 |
| Non current debt | 17 | 1,141.3 | 1,309.2 |
| Deferred tax | 18 | 158.6 | 154.1 |
| Provisions | 15 | 9.1 | 9.1 |
| Total non current liabilities | | 1,550.9 | 1,689.4|
| Total liabilities | | 1,804.9 | 2,521.3|
| Equity | | | |
| Capital | 19 | 1,200.0 | 1,200.0 |
| Available for sale financial assets reserve | 19 | - | (0.9) |
| Accumulated surplus (deficit) | 19 | 1,639.3 | 246.2 |
| Total equity | | 2,839.3 | 1,445.3|
| TOTAL FUNDS EMPLOYED | | 4,646.2 | 3,966.6|
The board of directors of Transpower New Zealand Limited authorised these financial statements for issue on 15 November 2012. For, and on behalf of, the board
DIRECTOR DIRECTOR
These statements are to be read in conjunction with the accompanying notes.
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NZ Gazette 2012, No 140
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Transpower New Zealand Limited Financial Statements
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