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SELECTED NOTES TO AND FORMING PART OF THE<br />
CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION (UN-AUDITED)<br />
FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2010<br />
Note<br />
Six months to Year ended<br />
<strong>Dec</strong>ember 31, June 30,<br />
2010 2010<br />
(Rupees in thousand)<br />
13. Operating assets<br />
Opening net book value 17,053,114 14,062,017<br />
Additions – owned 2,658,762 4,804,160<br />
– leased – 9,293<br />
Disposals at net book value (16,798) (191,532)<br />
Depreciation charge (977,039) (1,630,824)<br />
Closing net book value 18,718,039 17,053,114<br />
14. Capital work in progress<br />
Leasehold improvements 21,219 23,334<br />
Line and wire 1,240,781 1,319,762<br />
Network equipment 14.1 1,529,644 2,540,469<br />
2,791,644 3,883,565<br />
14.1 Network equipment is net of provision for impairment of Rs 354 million (June 30, 2010: Nil).<br />
14.2 Finance cost of Rs 234 million was capitalised during the six months period ended <strong>Dec</strong>ember 31,<br />
2010 (Year ended June 30, 2010: Rs 550 million).<br />
<strong>Dec</strong>ember 31, June 30,<br />
2010 2010<br />
Note<br />
(Rupees in thousand)<br />
15. Advance against purchase of shares<br />
Advance paid against purchase of shares<br />
<strong>Wateen</strong> Solutions (Pvt) Limited 12 (iv) 85,000 –<br />
16. Trade debts<br />
Trade debts – related parties 16.1 328,258 1,807,657<br />
– other parties 1,680,630 1,422,911<br />
Less: Provision for doubtful debts – other parties 16.2 (406,609) (157,035)<br />
1,602,279 4,060,687<br />
42<br />
WATEEN TELECOM LIMITED half yearly report dec ‘10
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