49
2017 WEL Networks
|
Annual Report
wel.co.nz
WEL NETWORKS LIMITED
Notes to the financial statements
For the year-ended 31 March 2017
(continued)
8 NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT
Distribution
network
$’000
Fibre
network
$’000
Land and
buildings
$’000
Plant and
equipment
$’000
Motor
vehicles
$’000
Computer
hardware
$’000
Assets
under
construction
$’000
Total
$’000
Year ended 31 March 2016
Opening net book amount
506,276
-
11,866 26,293
4,358
1,062
7,727 557,582
Additions
35,875
-
-
7,681
1,044
165
1,333 46,098
Disposals
(3,294)
-
-
(170)
(273)
(78)
-
(3,815)
Depreciation charge (note 4)
(16,597)
-
(148)
(3,818)
(847)
(387)
-
(21,797)
Closing net book amount
522,260
-
11,718 29,986
4,282
762
9,060 578,068
At 31 March 2016
Cost/valuation
660,588
-
12,236 42,550
6,762
2,235
9,060 733,431
Accumulated depreciation
(138,328)
-
(518)
(12,564)
(2,480)
(1,473)
- (155,363)
Net book amount
522,260
-
11,718 29,986
4,282
762
9,060 578,068
Year ended 31 March 2017
Opening net book amount
522,260
-
11,718 29,986
4,282
762
9,060 578,068
Additions
31,079 35,354
531
6,551
4,479
562
11,483 90,039
Disposals
(4,320)
-
(473)
(2,850)
(4,035)
(17)
(8,461)
(20,156)
Acquired through business
combination
-
366,780
-
-
-
912
4,170 371,862
Depreciation charge (note 4)
(17,408)
(9,973)
(149)
(3,565)
(208)
(738)
-
(32,041)
Closing net book amount
531,611 392,161 11,627 30,122
4,518
1,481
16,252 987,772
At 31 March 2017
Cost/valuation
686,419 402,134 12,293 44,764
7,740
3,328
16,252 1,172,930
Accumulated depreciation
(154,808)
(9,973)
(666)
(14,642)
(3,222)
(1,847)
- (185,158)
Net book amount
531,611 392,161 11,627 30,122
4,518
1,481
16,252 987,772
The amount of interest capitalised was $6,500,394 (2016: $952,368).
