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Retrieving Data

Note 21

For The Year Ended 31 March 2012

PROPERTY, PLANT AND EQUIPMENT

GROUP PARENT
2012 2011 2012 2011
    $000 $000 $000 $000
Generation Assets          
Balance at beginning 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
   
Additions at cost   19,631 95,263 17,757 88,516
Depreciation   (47,770) (44,303) (13,546) (10,040)
Disposals at net book value   (244) (1,047) (178) (986)
Foreign exchange movements   (22,016) 15,958 - -
Revaluations/transfers   191,136 802 157,218 152
Effect of amalgamation of subsidiaries   - - 163,589 -
           
Balance at end of year  
Fair value          
Cost   2,488,312 2,342,802 1,881,000 1,486,036
Capital work in progress   - 15,776 - 13,303
Accumulated depreciation   19,474 98,609 14,721 91,144
    - (90,138) - (19,602)
    2,507,786 2,367,049 1,895,721 1,570,881
           
Metering Equipment          
Balance at beginning 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
   
Additions at cost   3,876 4,270 3,876 4,270
Depreciation   (3,177) (2,981) (3,177) (2,981)
Disposals at net book value   - - - -
Transfers   28 1 28 1
         
Balance at end of year          
Cost   76,642 72,743 76,642 72,743
Accumulated depreciation   (42,226) (39,054) (42,226) (39,054)
    34,416 33,689 34,416 33,689
   
Other Freehold Buildings  
Balance at beginning 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
         
Additions at cost   583 124 564 109
Depreciation   (234) (234) (205) (205)
Disposals at net book value   - (48) - (48)
Transfers   (3) (99) (2)
 
Balance at end of year  
Cost   14,011 13,428 11,326 10,762
Accumulated depreciation   (3,698) (3,461) (3,553) (3,346)
    10,313 9,967 7,773 7,416
           
           
Other Freehold Land          
Balance at beginning of year          
Cost   16,632 14,663 7,482 6,270
 
Additions at cost   82 2,159 74 1,400
Disposals at cost   - (183) - (183)
Foreign exchange movements   (3) 2 - -
Transfers   (1) (9) (1) (5)
 
Balance at end of year  
Cost   16,710 16,632 7,555 7,482
 
Other Plant and Equipment  
Balance at beginning 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
         
Additions at cost   7,460 2,275 2,370 1,921
Depreciation   (1,699) (1,806) (1,630) (1,751)
Disposals at net book value   (148) (133) (148) (133)
Foreign exchange movements   (180) 56 - -
Transfers   1,881 (536) 1,833 (148)
Effect of amalgamation of subsidiaries   - - 84 -
 
Balance at end of year  
Cost   29,828 21,150 23,236 19,420
Accumulated depreciation   (14,068) (12,704) (13,708) (12,401)
  15,760 8,446 9,528 7,019
         
Total          
Balance at beginning 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   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
         
Additions at cost   31,632 104,091 24,641 96,216
Depreciation   (52,880) (49,324) (18,558) (14,977)
Disposals at net book value   (392) (1,411) (326) (1,350)
Foreign exchange movements   (22,199) 16,014 - -
Revaluations/transfers   193,041 159 159,076 -
Effect of amalgamation of subsidiaries   - - 163,673 -
 
Balance at end of year  
Fair value   2,488,312 2,342,802 1,881,000 1,486,036
Cost   137,191 139,729 118,759 123,710
Capital work in progress - generation assets   19,474 98,609 14,721 91,144
Accumulated depreciation   (59,992) (145,357) (59,487) (74,403)
2,584,985 2,435,783 1,954,993 1,626,487
       
If generation assets were stated on an historical cost basis, the amounts would be as follows
         
Generation assets (at cost) 1,505,243 1,393,236 985,240 748,504
Generation assets under construction (at cost) 19,474 98,609 14,721 91,144
Generation assets accumulated depreciation (309,926) (261,470) (151,303) (128,043)
1,214,791 1,230,375 848,658 711,605

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 2012 to their estimated market value as assessed by Deloitte Corporate Finance. See note 36 for significant assumptions.

Included in the capital work in progress as at 31 March 2012 are capitalised borrowing costs of $27,000 (2011: $1,466,000).