✨ Financial Statements
4542 NEW ZEALAND GAZETTE, No. 152 21 DECEMBER 2012
VECTOR LIMITED & SUBSIDIARIES
GAS TRANSMISSION 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 | (95,884) | 1,822 | (94,062) |
| Amounts recognised in the statement of comprehensive income: | |||
| Relating to the current period | (242) | (548) | (790) |
| Prior period adjustments recognised in the current period | (564) | (90) | (654) |
| Amounts recognised directly in the statement of financial position in relation to allocated assets and liabilities | (32) | 579 | 547 |
| Balance at end of the period | (96,722) | 1,763 | (94,959) |
| Deferred tax assets | - | 1,763 | 1,763 |
| Deferred tax liabilities | (96,722) | - | (96,722) |
| Net deferred tax (liabilities)/assets | (96,722) | 1,763 | (94,959) |
| PROPERTY, PLANT AND EQUIPMENT | PROVISIONS, ACCRUALS AND OTHER | TOTAL | |
|---|---|---|---|
| $000 | $000 | $000 | |
| 2011 | |||
| Balance at beginning of the period | (96,855) | 1,737 | (95,118) |
| Amounts recognised in the statement of comprehensive income: | |||
| Relating to the current period | (137) | 241 | 104 |
| Prior period adjustments recognised in the current period | 88 | 511 | 599 |
| Relating to reduction in tax rate (from 30% to 28%) | (59) | (6) | (75) |
| Amounts recognised directly in the statement of financial position in relation to allocated assets and liabilities | 1,089 | (661) | 428 |
| Balance at end of the period | (95,884) | 1,822 | (94,062) |
| Deferred tax assets | - | 1,822 | 1,822 |
| Deferred tax liabilities | (95,884) | - | (95,884) |
| Net deferred tax (liabilities)/assets | (95,884) | 1,822 | (94,062) |
5. RECEIVABLES AND PREPAYMENTS
| 2012 | 2011 | |
|---|---|---|
| $000 | $000 | |
| Current | ||
| Trade receivables | 8,848 | 8,013 |
| Provision for doubtful debts | (11) | (17) |
| 8,837 | 7,996 | |
| Prepayments | 1,116 | 625 |
| Other receivables | 55 | - |
| Total | 10,008 | 8,621 |
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NZ Gazette 2012, No 152
✨ LLM interpretation of page content
🏭
Notes to the Financial Statements for Vector Limited & Subsidiaries
(continued from previous page)
🏭 Trade, Customs & IndustryDeferred tax, Receivables, Financial statements