✨ Financial Disclosures and Asset Valuation
Capital work in progress can be split into the following classes:
LINES BUSINESS
| 2011 | |||||||
|---|---|---|---|---|---|---|---|
| HVAC transmission lines | 328.8 | 1.9 | |||||
| HVDC transmission lines | 163.6 | ||||||
| HVAC substations | 129.0 | 13.1 | |||||
| HVDC substations | 99.1 | 0.4 | |||||
| Communications | 19.1 | 8.5 | |||||
| Administration and other | 1.7 | 9.5 | |||||
| Software intangible assets | 73.2 | 0.2 | |||||
| Other intangible assets | 377.7 |
| | 795.5 | 41.3 | | | | | |
GROUP AND PARENT
| 2011 | |
|---|---|
| SM | |
| Property, plant and equipment | 281.2 |
| Administration assets include computer hardware, furniture and motor vehicles. Land and buildings are contained within the above classes and have a net book value of $210.3 million (2011: $232.7 million) |
Impairment expense
The impairment expense is made up of:
| SM | |
|---|---|
| Half for sale | 5.4 |
| Total | 5.4 |
Property, plant and equipment
| NGGL the project property | 14.3 |
| Total | 14.3 |
Other Disclosures
These costs were capitalised at the weighted average cost of debt of 7.0%:
During the year the following borrowing costs were capitalised:
| 2011 | |
|---|---|
| HVAC transmission lines | 18.3 |
| HVDC transmission lines | 7.6 |
| HVAC substations | 4.4 |
| HVDC substations | 0.9 |
| Communications | 0.5 |
| Administration | 1.1 |
| Other intangible assets | 73.2 |
| 5.1 | |
| Total | 111.1 |
Additional Information
Electronic regulations additions:
| Motor vehicles | 0.1 |
| Office equipment | 0.2 |
| Computer billing and information assets | 4.1 |
| Customer equipment | — |
The following assets classes are stated at valuation:
- Land and buildings
- Transmission lines
- Communications
The following assets classes are stated at cost:
- Plant and equipment
- Furniture and fittings
- Motor vehicles
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NZ Gazette 2012, No 140
✨ LLM interpretation of page content
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Transpower New Zealand Limited Financial Statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial statements, Capital work in progress, HVAC transmission lines, HVDC transmission lines, HVAC substations, HVDC substations, Communications, Administration, Software intangible assets, Other intangible assets, Property, plant and equipment, Impairment expense, Borrowing costs, Asset valuation, Land and buildings, Transmission lines, Plant and equipment, Furniture and fittings, Motor vehicles