✨ Financial Statements
4520 NEW ZEALAND GAZETTE, No. 152 21 DECEMBER 2012
VECTOR LIMITED & SUBSIDIARIES
GAS DISTRIBUTION ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2012
4. DEFERRED TAX
| PROPERTY, PLANT AND EQUIPMENT | PROVISIONS, ACCRUALS AND OTHER | TOTAL | |
|---|---|---|---|
| $000 | $000 | $000 | |
| 2012 | |||
| Balance at beginning of the period | (63,168) | 1,000 | (62,168) |
| Amounts recognised in the statement of comprehensive income: | |||
| Relating to the current period | (4,212) | 214 | (3,998) |
| Prior period adjustments recognised in the current period | (530) | (28) | (558) |
| Amounts recognised directly in the statement of financial position in relation to allocated assets and liabilities | (4) | (233) | (237) |
| Balance at end of the period | (67,914) | 953 | (66,961) |
| Deferred tax assets | - | 953 | 953 |
| Deferred tax liabilities | (67,914) | - | (67,914) |
| Net deferred tax (liabilities) / assets | (67,914) | 953 | (66,961) |
| PROPERTY, PLANT AND EQUIPMENT | PROVISIONS, ACCRUALS AND OTHER | TOTAL | |
|---|---|---|---|
| $000 | $000 | $000 | |
| 2011 | |||
| Balance at beginning of the period | (58,166) | 822 | (57,344) |
| Amounts recognised in the statement of comprehensive income: | |||
| Relating to the current period | (5,230) | 494 | (4,736) |
| Prior period adjustments recognised in the current period | (27) | (53) | (80) |
| Relating to reduction in tax rate (from 30% to 28%) | 357 | (29) | 328 |
| Relating to change in buildings depreciation rules | (2) | - | (2) |
| Amounts recognised directly in the statement of financial position in relation to allocated assets and liabilities | (100) | (234) | (334) |
| Balance at end of the period | (63,168) | 1,000 | (62,168) |
| Deferred tax assets | - | 1,000 | 1,000 |
| Deferred tax liabilities | (63,168) | - | (63,168) |
| Net deferred tax (liabilities) / assets | (63,168) | 1,000 | (62,168) |
5. RECEIVABLES AND PREPAYMENTS
| 2012 | 2011 | |
|---|---|---|
| $000 | $000 | |
| Current | ||
| Trade receivables | 11,134 | 10,578 |
| Provision for doubtful debts | (844) | (73) |
| 10,290 | 10,505 | |
| Prepayments | 612 | 681 |
| Other receivables | 42 | - |
| Total | 10,944 | 11,186 |
Next Page →
NZ Gazette 2012, No 152
✨ LLM interpretation of page content
🏭
Statement of Accounting Policies for Vector Limited & Subsidiaries
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial statements, Deferred tax, Property, Plant and equipment, Provisions, Accruals, Trade receivables, Prepayments