|
|
GROUP |
PARENT
|
| |
|
2013
$000 |
2012
$000 |
2013
$000 |
2012
$000 |
|
|
|
|
|
|
|
| Generation Assets
|
|
|
|
|
|
| Balance at beginning of year
|
|
|
|
|
|
| Fair value
|
|
2,488,312
|
2,342,802
|
1,881,000
|
1,486,036
|
| Cost
|
|
-
|
15,776
|
-
|
13,303
|
| Capital work in progress
|
|
19,474
|
98,609
|
14,721
|
91,144
|
| Accumulated depreciation
|
|
-
|
-
|
|
|
|
2,507,786
|
2,367,049
|
1,895,721
|
1,570,881
|
|
|
|
|
|
|
|
| Additions at cost
|
|
188,034
|
19,631
|
18,509
|
17,757
|
| Depreciation
|
|
(49,898)
|
(47,770)
|
(16,025)
|
(13,546)
|
| Disposals at net book value
|
|
(9)
|
(244)
|
(9)
|
(178)
|
| Foreign exchange movements
|
|
(7,778)
|
(22,016)
|
-
|
-
|
| Revaluations/transfers
|
|
178
|
191,136
|
168
|
157,218
|
| Effect of amalgamation of subsidiaries
|
|
-
|
-
|
-
|
163,589
|
|
|
|
|
|
|
|
| Balance at end of year
|
|
|
|
|
|
| Fair value
|
|
2,482,456
|
2,488,312
|
1,880,991
|
1,881,000
|
| Cost
|
|
8,646
|
-
|
7,001
|
-
|
| Capital work in progress
|
|
196,651
|
19,474
|
26,227
|
14,721
|
| Accumulated depreciation
|
|
(49,440)
|
(15,855)
|
|
|
|
2,638,313
|
2,507,786
|
1,898,364
|
1,895,721
|
|
|
|
|
|
|
|
| Metering Equipment
|
|
|
|
|
|
| Balance at beginning of year
|
|
|
|
|
|
| Cost
|
|
76,642
|
72,743
|
76,642
|
72,743
|
| Accumulated depreciation
|
|
(42,226)
|
(42,226)
|
|
|
|
34,416
|
33,689
|
34,416
|
33,689
|
|
|
|
|
|
|
|
| Additions at cost
|
|
3,138
|
3,876
|
3,138
|
3,876
|
| Depreciation
|
|
(5,501)
|
(3,177)
|
(5,501)
|
(3,177)
|
| Disposals at net book value
|
|
-
|
-
|
-
|
-
|
| Transfers
|
|
54
|
28
|
54
|
28
|
|
|
|
|
|
|
|
| Balance at end of year
|
|
|
|
|
|
| Cost
|
|
79,791
|
76,642
|
79,791
|
76,642
|
| Accumulated depreciation
|
|
(47,684)
|
(47,684)
|
|
|
|
32,107
|
34,416
|
32,107
|
34,416
|
|
|
|
|
|
|
|
| Other Freehold Buildings
|
|
|
|
|
|
| Balance at beginning of year
|
|
|
|
|
|
| Cost
|
|
14,011
|
13,428
|
11,326
|
10,762
|
| Accumulated depreciation
|
|
(3,698)
|
(3,553)
|
|
|
|
10,313
|
9,967
|
7,773
|
7,416
|
|
|
|
|
|
|
|
| Additions at cost
|
|
126
|
583
|
100
|
564
|
| Depreciation
|
|
(266)
|
(234)
|
(235)
|
(205)
|
| Disposals at net book value
|
|
(25)
|
-
|
(25)
|
-
|
| Transfers
|
|
(178)
|
(3)
|
(178)
|
(2)
|
|
|
|
|
|
|
|
| Balance at end of year
|
|
|
|
|
|
| Cost
|
|
13,931
|
14,011
|
11,220
|
11,326
|
| Accumulated depreciation
|
|
(3,961)
|
(3,785)
|
|
|
|
9,970
|
10,313
|
7,435
|
7,773
|
|
|
|
|
|
|
|
| Other Freehold Land
|
|
|
|
|
|
| Balance at beginning of year
|
|
|
|
|
|
| Cost
|
|
16,710
|
16,632
|
7,555
|
7,482
|
|
|
|
|
|
|
|
| Additions at cost
|
|
1
|
82
|
1
|
74
|
| Disposals at cost
|
|
-
|
-
|
-
|
-
|
| Foreign exchange movements
|
|
-
|
(3)
|
-
|
-
|
| Transfers
|
|
(2)
|
(1)
|
(2)
|
(1)
|
|
|
|
|
|
|
|
| Balance at end of year
|
|
|
|
|
|
| Cost
|
|
16,709
|
16,710
|
7,554
|
7,555
|
|
|
|
|
|
|
|
| Other Plant and Equipment
|
|
|
|
|
|
| Balance at beginning of year
|
|
|
|
|
|
| Cost
|
|
29,828
|
21,150
|
23,236
|
19,420
|
| Accumulated depreciation
|
|
(14,068)
|
(13,708)
|
|
|
|
15,760
|
8,446
|
9,528
|
7,019
|
|
|
|
|
|
|
|
| Additions at cost
|
|
6,447
|
7,460
|
5,357
|
2,370
|
| Depreciation
|
|
(2,392)
|
(1,699)
|
(2,137)
|
(1,630)
|
| Disposals at net book value
|
|
(159)
|
(148)
|
(147)
|
(148)
|
| Foreign exchange movements
|
|
(115)
|
(180)
|
-
|
-
|
| Transfers
|
|
(52)
|
1,881
|
(42)
|
1,833
|
| Effect of amalgamation of subsidiaries
|
|
-
|
-
|
-
|
84
|
|
|
|
|
|
|
|
| Balance at end of year
|
|
|
|
|
|
| Cost
|
|
35,137
|
29,828
|
27,588
|
23,236
|
| Accumulated depreciation
|
|
(15,648)
|
(15,029)
|
|
|
|
19,489
|
15,760
|
12,559
|
9,528
|
|
|
|
|
|
|
|
| Total
|
|
|
|
|
|
| Balance at beginning 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
|
|
19,474
|
98,609
|
14,721
|
91,144
|
| Accumulated depreciation
|
|
(59,992)
|
(59,487)
|
|
|
|
2,584,985
|
2,435,783
|
1,954,993
|
1,626,487
|
|
|
|
|
|
|
|
| Additions at cost
|
|
197,746
|
31,632
|
27,105
|
24,641
|
| Depreciation
|
|
(58,057)
|
(52,880)
|
(23,898)
|
(18,558)
|
| Disposals at net book value
|
|
(193)
|
(392)
|
(181)
|
(326)
|
| Foreign exchange movements
|
|
(7,893)
|
(22,199)
|
-
|
-
|
| Revaluations/transfers
|
|
-
|
193,041
|
-
|
159,076
|
| Effect of amalgamation of subsidiaries
|
|
-
|
-
|
-
|
163,673
|
|
|
|
|
|
|
|
| Balance at end of year
|
|
|
|
|
|
| Fair value
|
|
2,482,456
|
2,488,312
|
1,880,991
|
1,881,000
|
| Cost
|
|
154,214
|
137,191
|
133,154
|
118,759
|
| Capital work in progress - generation assets
|
|
196,651
|
19,474
|
26,227
|
14,721
|
| Accumulated depreciation
|
|
(116,733)
|
(82,353)
|
|
|
|
2,716,588
|
2,584,985
|
1,958,019
|
1,954,993
|
| |
|
|
|
|
|
| If generation assets were stated on an historical cost basis, the amounts would be as follows: |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Generation assets (at cost)
|
|
1,510,333
|
1,505,243
|
992,243
|
985,240
|
| Generation assets under construction (at cost)
|
|
196,651
|
19,474
|
26,227
|
14,721
|
| Generation assets accumulated depreciation
|
|
(359,824)
|
(167,328)
|
|
|
|
1,347,160
|
1,214,791
|
851,142
|
848,658
|
| |
|
|
|
|
|
| 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 38 for significant assumptions.Included in the capital work in progress as at 31 March 2013 are capitalised borrowing costs of $4,807,000 (2012: $27,000).
|