Vector Annual Report 2019

Vector AR’19

― notes to the financial statements

notes to the financial statements

Company information  

Note 1

57

Summary of significant accounting policies  

Note 2

57

Significant transactions and events  

Note 3

58

Segment information  

Note 4

59

Revenue  

Note 5

62

Operating expenses  

Note 6

64

Interest costs (net)  

Note 7

64

Fair value change on financial instruments  

Note 8

64

Income tax expense/(benefit)  

Note 9

65

Deferred tax  

Note 10

66

Trade and other receivables  

Note 11

66

Investments  

Note 12

68

Intangible assets  

Note 13

71

Property, plant and equipment (PPE)  

Note 14

73

Leases  

Note 15

75

Trade and other payables  

Note 16

77

Provisions  

Note 17

77

Borrowings  

Note 18

78

Derivatives and hedge accounting  

Note 19

80

Financial risk management  

Note 20

85

Cash flows  

Note 21

88

Equity  

Note 22

89

Related party transactions  

Note 23

91

Contingent liabilities  

Note 24

91

Events after balance date  

Note 25

91

― 56

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