ARTA Annual Report 2009 - Auckland Transport

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8 Intangible Assets Accumulated amortisation & Carrying Transfer Carrying Cost impairment amount from Amortisation Impairment amount 1/7/07 1/7/07 1/7/07 Additions Disposals WIP charge losses 30/6/08 2008 $000 $000 $000 $000 $000 $000 $000 $000 $000 Software Development - completed capital projects 321 67 254 - work in progress 211 211 110 321 0 Operating Lease 0 - land 22,522 268 22,254 Total intangible assets 211 0 211 22,953 0 321 335 0 22,508 Accumulated amortisation & Carrying Transfer Carrying Cost impairment amount from Amortisation Impairment amount 1/7/08 1/7/08 1/7/08 Additions Disposals WIP charge losses 30/6/09 2009 $000 $000 $000 $000 $000 $000 $000 $000 $000 Software Development - completed capital projects 321 67 254 147 181 220 - work in progress 0 0 0 183 147 36 Operating Lease - land 22,522 268 22,254 357 21,896 Total intangible assets 22,843 335 22,508 330 0 147 538 0 22,152 108
The operating lease intangible has been recognised at its fair value on acquisition and is being amortised over the period of the underlying lease (63 years). This lease is for the land at each of the railway station sites along the Auckland passenger rail network. There are no restrictions over the title of ARTA’s intangible assets, nor are any intangible assets pledged as security for liabilities. No impairment losses have been recognised during the financial year (2008: $nil). However, government announcements regarding a possible transfer of ownership of rolling stock may give rise to an external indicator of potential impairment. It is too early to accurately judge the impact this indicator will have on the organisation and therefore ARTA is unable to quantify any potential impact at this time. 9 Financial Assets and Liabilities a) Financial assets at fair value through profit or loss. Currently, ARTA does not hold any financial assets in this category. b) Loans and receivables. This category of financial assets consists of both current and non-current grants receivable from the ARC – these represent the balance of grants receivable from the ARC assumed from Infrastructure Auckland, cash and cash equivalents and debtors and receivables. The carrying amounts of current grants receivable within one year approximate their fair value. Non-current grants receivable are not fair-valued but stated at amount payable and the difference between fair value and amount payable is immaterial. TRANSPORT GRANTS RECEIVABLE FROM THE ARC Fair values 2009 $000 Fair values 2008 $000 Amt receivable 2009 $000 Amt receivable 2008 $000 07/08 0 0 0 0 08/09 – current 19,819 18,802 19,819 18,802 09/10 – non-current 1,152 8,470 1,152 9,880 10/11 – non-current 0 0 0 0 There were no impairment provisions for loans and receivables. None of the grants are either past due or impaired. c) Other financial liabilities at amortised cost. This category of financial assets consists of both current and non-current grants payable under ARTA’s obligations assumed from Infrastructure Auckland and creditors and payables. The carrying amounts of current grants payable within one year approximate their fair value. Non-current grants payable are not fair-valued but stated at amount payable and the difference between fair value and amount payable is immaterial. 109
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THE JOURNEY Auckland Regional Trans
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2010 New stations due to open at Ne
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TABLE OF CONTENTS SUCCESS STORIES..
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SUCCESS STORIES ARTA is Auckland’
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FERRY tripS Pine Harbour and West H
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Total mobility Providing Aucklander
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ARTA is training for the Rugby Worl
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ARTA is focused on delivering an in
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The historic Downtown Ferry Termina
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OUR VALUES - The principles that de
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CONTINUOUS IMPROVEMENT TO SERVICES
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Service to the airport expanded In
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Reliable services drive growth ARTA
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“ARTA’s goal is to get at least
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Developing Auckland’s transport i
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Case study: PROGRESS ON FERRIES The
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Revitalising Newmarket train statio
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The Northern Busway: A North Star b
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“The projected cost of upgrading
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how customers give feedback on thei
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• Visits to the maxx.co.nz intera
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• The installation of 150 ‘Type
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• Veolia and ARTA are conducting
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42 Waitakere Primary School: Jessic
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Travelwise TravelWise is a partners
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TravelWise - Tertiary students get
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Case study: Auckland Airport Travel
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Cycle maps and seasonal campaigns D
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Finding out what stakeholders think
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100 million PT boardings per annum
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56 The popular Airbus Express at Au
Page 64 and 65: 1.1 Patronage targets Outcome Perfo
Page 66 and 67: 1.2 Transport outcome measures cont
Page 68 and 69: Key projects for 2008/09 The follow
Page 70 and 71: Ferry Programme of Action Improveme
Page 72 and 73: ARTA’S PROFILE ARTA was establish
Page 74 and 75: • developing travel plans to enco
Page 76 and 77: Board Profiles Rabin Rabindran BOAR
Page 78 and 79: Tony Marks Tony Marks is a director
Page 80 and 81: Working at ARTA Attracting and reta
Page 82 and 83: Case study - Special Events PLANNIN
Page 84 and 85: Health and safety record ARTA holds
Page 86 and 87: STATEMENT OF COMPLIANCE AND RESPONS
Page 88 and 89: Standards, amendments and interpret
Page 90 and 91: Public Equity Equity is the shareho
Page 92 and 93: ARTA documents at the inception of
Page 94 and 95: Items of property, plant and equipm
Page 96 and 97: ii) Operating leases - Land The ope
Page 98 and 99: Leases Finance Leases A finance lea
Page 100 and 101: Provisions Provisions are recognise
Page 102 and 103: Statement Of Changes in Equity For
Page 104 and 105: Statement Of Cash Flows For the yea
Page 106 and 107: NOTES TO THE FINANCIAL STATEMENTS 1
Page 108 and 109: 3 Public Equity 2009 2009 2008 2008
Page 110 and 111: Past Due But Not Impaired - Trade A
Page 112 and 113: Accumulated depreciation & Carrying
Page 116 and 117: TRANSPORT GRANTS PAYABLE Fair value
Page 118 and 119: The instruments Fund Managers may u
Page 120 and 121: The table below analyses ARTA’s f
Page 122 and 123: 15 Related Party Transactions ARTA
Page 124 and 125: Details of net assets acquired and
Page 126 and 127: 21 Capital Management ARTA’s capi
Page 128 and 129: Material misstatements are differen
Page 130 and 131: GLOSSARY AMETI Auckland-Manukau Eas
Page 132: 126 Sandringham Road, New North Roa
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ARTA Annual Report 2009 - Auckland Transport

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