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Notes to the Financial Statements for the year ended 30 June 2005 NOTE 9. INVENTORIES Consolidated Corporation 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Inventories - at lower of cost and net realisable value 19,975 19,534 19,975 19,534 Total Inventories 19,975 19,534 19,975 19,534 NOTE 10. INVESTMENTS IN SUBSIDIARY CORPORATIONS Consolidated Corporation 2005 2004 2005 2004 $’000 $’000 $’000 $’000 80 Investments in subsidiary corporations - - 36,871 36,871 Total Investments in Subsidiary Corporations - - 36,871 36,871 NOTE 11. OTHER ASSETS Consolidated Corporation 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Current Prepayments 26,675 7,073 26,675 7,073 Total Current Other Assets 26,675 7,073 26,675 7,073 Non-Current Prepayments 25,575 7,247 25,575 7,247 Other assets 1,370 1,445 1,370 1,436 Loans to subsidiaries - - 113,957 113,957 Total Non-Current Assets 26,945 8,692 140,902 122,640 COUNTRY ENERGY ANNUAL REPORT 2004–2005
Notes to the Financial Statements for the year ended 30 June 2005 NOTE 12. PROPERTY, PLANT AND EQUIPMENT Consolidated Corporation 2005 2005 $’000 $’000 System Assets: Opening carrying value At fair value 2,554,501 2,414,513 Accumulated depreciation (458,639) (443,377) Net opening carrying value 2,095,862 1,971,136 Movements Additions 293,705 289,555 Disposals (1,418) (1,418) Depreciation expense (91,324) (87,029) Net movements 200,963 201,108 Closing carrying value At fair value 2,846,295 2,702,154 Accumulated depreciation (549,470) (529,910) Net closing carrying value 2,296,825 2,172,244 81 Land and Buildings Opening carrying value At fair value 78,971 78,971 Accumulated depreciation (8,630) (8,630) Net opening carrying value 70,341 70,341 Movements Additions 13,014 13,014 Revaluation 14,658 14,658 Disposals (526) (526) Depreciation expense (2,755) (2,755) Net movements 24,391 24,391 Closing carrying value At fair value 94,732 94,732 Net closing carrying value 94,732 94,732 Plant and Equipment Opening carrying value At fair value 412,820 412,820 Accumulated depreciation (219,274) (219,274) Net opening carrying value 193,546 193,546 Movements Additions 86,201 86,201 Disposals (5,434) (5,434) Depreciation expense (51,176) (51,176) Net movements 29,591 29,591 Closing carrying value At fair value 488,054 488,054 Accumulated depreciation (264,917) (264,917) Net closing carrying value 223,137 223,137 Net Carrying Value of Property, Plant and Equipment 2,614,694 2,490,113 COUNTRY ENERGY ANNUAL REPORT 2004–2005
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Becoming Australia’s leading util
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Priorities in 2004-2005 Country Ene
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A leader in safety 5 COUNTRY ENERGY
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Detailed audit schedules have been
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Workers compensation In addition to
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A successful national retailer 11 C
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Looking inside We recognise that ou
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This resulted in the campuses reduc
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The best network manager 17 COUNTRY
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The table below highlights some exa
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• Large snowfalls in the Snowy Mo
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Vegetation management The managemen
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Information services In addition to
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A responsible environmental manager
Page 29 and 30: One of the most rewarding aspects o
Page 31 and 32: Our increasing involvement in proje
Page 33 and 34: Waste management A code of practice
Page 35 and 36: A valued part of the community 35 C
Page 37 and 38: Increased presence Our program of r
Page 39 and 40: Nu 1000 0 2002-2003 2003-2004 2004-
Page 41 and 42: Sponsorship spend $82,424 $125,000
Page 43 and 44: An employer of choice 43 COUNTRY EN
Page 45 and 46: Apprentices by region / operational
Page 47 and 48: Employees also initiated a fundrais
Page 49 and 50: Employee assistance program Country
Page 51 and 52: Our Executive Craig Murray - Managi
Page 53 and 54: Director Current appointment Board
Page 55 and 56: Risk management Country Energy appr
Page 57 and 58: Executive remuneration At the end o
Page 59 and 60: Consultants A total of $1.3 million
Page 61 and 62: • Electricity Industry Act 2000 N
Page 63 and 64: Financial statements contents Indep
Page 65 and 66: Statement by Members of the Board 6
Page 67 and 68: Statement of Financial Position as
Page 69 and 70: Notes to the Financial Statements f
Page 79: Notes to the Financial Statements f
Page 97 and 98: Customer information The following
Page 99 and 100: Index A Achievements inside cover A
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