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Retrieving Data

Note 21

For the Year Ended 31 March 2011

PROPERTY, PLANT AND EQUIPTMENT
GROUP PARENT
2011 2010 2011 2010
$000 $000 $000 $000
Generation Assets
Balance at beginning of year
Fair value 2,326,464 2,305,641 1,487,035 1,488,162
Cost 5,387 - 5,334 -
Capital work in progress 13,150 7,701 10,598 6,385
Accumulated depreciation (44,625) - (9,728) -
2,300,376 2,313,342 1,493,239 1,494,547
Additions at cost 95,263 10,994 88,516 9,547
Depreciation (44,303) (44,157) (10,040) (9,728)
Disposals at net book value (1,047) (661) (986) (661)
Foreign exchange movements 15,958 21,884 - -
Revaluations/transfers 802 (1,026) 152 (466)
Balance at end of year
Fair value 2,342,802 2,326,464 1,486,036 1,487,035
Cost 15,776 5,387 13,303 5,334
Capital work in progress 98,609 13,150 91,144 10,598
Accumulated depreciation (90,138) (44,625) (19,602) (9,728)
2,367,049 2,300,376 1,570,881 1,493,239
Metering Equipment
Balance at beginning of year
Cost 68,481 64,840 68,481 64,840
Accumulated depreciation (36,082) (33,277) (36,082) (33,277)
32,399 31,563 32,399 31,563
Additions at cost 4,270 3,600 4,270 3,600
Depreciation (2,981) (2,804) (2,981) (2,804)
Disposals at net book value - - - -
Transfers 1 40 1 40
Balance at end of year
Cost 72,743 68,481 72,743 68,481
Accumulated depreciation (39,054) (36,082) (39,054) (36,082)
33,689 32,399 33,689 32,399
Other Freehold Buildings
Balance at beginning of year
Cost 13,510 11,245 10,719 10,507
Accumulated depreciation (3,286) (2,932) (3,158) (2,891)
10,224 8,313 7,561 7,616
Additions at cost 124 679 109 150
Depreciation (234) (252) (205) (205)
Disposals at net book value (48) (4) (48) -
Transfers (99) 1,488 (1) -
Balance at end of year
Cost 13,428 13,510 10,762 10,719
Accumulated depreciation (3,461) (3,286) (3,346) (3,158)
9,967 10,224 7,416 7,561
Other Freehold Land
Balance at beginning of year
Cost 14,663 14,042 6,270 6,492
Additions at cost 2,159 2,241 1,400 -
Disposals at cost (183) - (183) -
Foreign exchange movements 2 - - -
Transfers (9) (1,620) (5) (222)
Balance at end of year
Cost 16,632 14,663 7,482 6,270
Other Plant and Equipment
Balance at beginning of year
Cost 19,730 15,366 18,168 15,970
Accumulated depreciation (11,140) (9,730) (11,038) (9,721)
8,590 5,636 7,130 6,249
Additions at cost 2,275 3,869 1,921 2,991
Depreciation (1,806) (2,145) (1,751) (2,051)
Disposals at net book value (133) (127) (133) (112)
Foreign exchange movements 56 4 - -
Transfers (536) 1,353 (148) 53
Balance at end of year
Cost 21,150 19,730 19,420 18,168
Accumulated depreciation (12,704) (11,140) (12,401) (11,038)
8,446 8,590 7,019 7,130
Total
Balance at beginning of year
Fair value 2,326,464 2,305,641 1,487,035 1,488,162
Cost 121,771 105,493 108,972 97,809
Capital work in progress 13,150 7,701 10,598 6,385
Accumulated depreciation (95,133) (45,939) (60,006) (45,889)
2,366,252 2,372,896 1,546,599 1,546,467
Additions at cost 104,091 21,383 96,216 16,288
Depreciation (49,324) (49,358) (14,977) (14,788)
Disposals at net book value (1,411) (792) (1,350) (773)
Foreign exchange movements 16,014 21,888 - -
Revaluations/transfers 159 235 (1) (595)
Balance at end of year
Fair value 2,342,802 2,326,464 1,486,036 1,487,035
Cost 139,729 121,771 123,710 108,972
Capital work in progress - generation assets 98,609 13,150 91,144 10,598
Accumulated depreciation (145,357) (95,133) (74,403) (60,006)
2,435,783 2,366,252 1,626,487 1,546,599
 
If generation assets were stated on an historical cost basis, the amounts would be as follows
Generation assets (at cost) 1,393,236 1,370,191 748,504 740,534
Generation assets under construction (at cost) 98,609 13,150 91,144 10,598
Generation assets accumulated depreciation (261,470) (216,481) (128,043) (118,003)
1,230,375 1,166,860 711,605 633,129
       

Generation assets include freehold land and buildings which are not separately identifiable from other generation assets. Generation assets were independently revalued, using a discounted cash flow methodology, as at 31 March 2009 to their estimated market value as assessed by Deloitte Corporate Finance.

Included in the capital work in progress as at 31 March 2011 are capitalised borrowing costs of $1,466,000 (2010: nil).