Full Version - Essential Energy

Notes to the Financial Statements
for the year ended 30 June 2005
NOTE 13. INTANGIBLE ASSETS
Consolidated
Corporation
2005 2004 2005 2004
$’000 $’000 $’000 $’000
Franchise Setup Fees 76 76 76 76
Accumulated amortisation (38) (30) (38) (30)
Alliance 16 16 16 16
Accumulated amortisation (16) (16) (16) (16)
Net Setup and Alliance 38 46 38 46
Goodwill 4,701 4,701 51 51
Accumulated amortisation (1,523) (1,058) (51) (51)
Net Goodwill 3,178 3,643 - -
82
Natural Gas Distributor and Retail licences
at Directors’ Valuation 24,740 24,740 10,552 10,552
Accumulated amortisation (4,949) (2,474) (2,111) (1,055)
Net Natural Gas Distributor and Retail licences 19,791 22,266 8,441 9,497
Total Intangible Assets 23,007 25,955 8,479 9,543
NOTE 14. DEPOSITS
Consolidated
Corporation
2005 2004 2005 2004
$’000 $’000 $’000 $’000
Current
Electricity Customers 12,747 14,475 12,747 14,475
Contractors and Others 1,054 1,067 1,054 1,067
Total Current Deposits 13,801 15,542 13,801 15,542
Deposits are paid by customers and contactors as security against the entity’s assets or debts held by those customers. These are
liabilities that may be repayable after balance date.
NOTE 15. PAYABLES
Consolidated
Corporation
2005 2004 2005 2004
$’000 $’000 $’000 $’000
Current
Trade creditors - unsecured 14,678 13,164 14,678 13,125
Other creditors - unsecured 43,671 45,801 43,636 45,745
Accrued interest expense 40,757 42,961 40,757 42,961
Accrued energy and transmission purchases 138,099 102,027 138,099 102,027
Accrued trade creditors 14,910 29,583 14,910 29,583
Accrued inventory purchases 1,404 1,874 1,404 1,874
Other accrued expenses 1,559 2,366 1,464 2,294
Subsidiary creditors - unsecured - - 7,845 7,262
Total Current Payables 255,078 237,776 262,793 244,871
COUNTRY ENERGY ANNUAL REPORT 2004–2005