✨ Financial Statements
VECTOR LIMITED & SUBSIDIARIES
GAS DISTRIBUTION ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2011
4. DEFERRED TAX
| 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 future reduction in tax rate | 357 | (29) | 328 |
| Relating to future 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) |
| PROPERTY, PLANT AND EQUIPMENT | PROVISIONS, ACCRUALS AND OTHER | TOTAL | |
|---|---|---|---|
| $'000 | $'000 | $'000 | |
| 2010 | |||
| Balance at beginning of the period | (56,738) | 107 | (56,631) |
| Amounts recognised in the statement of comprehensive income: | |||
| Relating to the current period | (5,444) | 635 | (4,809) |
| Prior period adjustments recognised in the current period | (20) | (225) | (245) |
| Relating to future reduction in tax rate | 4,154 | (58) | 4,096 |
| Relating to future change in buildings depreciation rules | (12) | - | (12) |
| Amounts recognised directly in the statement of financial position in relation to allocated assets and liabilities | (106) | 363 | 257 |
| Balance at end of the period | (58,166) | 822 | (57,344) |
| Deferred tax assets | - | 822 | 822 |
| Deferred tax liabilities | (58,166) | - | (58,166) |
| Net deferred tax (liabilities) / assets | (58,166) | 822 | (57,344) |
5. RECEIVABLES AND PREPAYMENTS
| 2011 | 2010 | |
|---|---|---|
| $'000 | $'000 | |
| Current | ||
| Trade receivables | 10,578 | 9,217 |
| Provision for doubtful debts | (73) | (173) |
| Prepayments | 681 | 991 |
| Total | 11,186 | 10,035 |
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NZ Gazette 2012, No 24
✨ LLM interpretation of page content
🌾
Certification of Financial Statements for Vector Limited
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🌾 Primary Industries & ResourcesFinancial Statements, Performance Measures, Gas Regulations, Certification