β¨ Financial Statements Notes
3834
NEW ZEALAND GAZETTE
No. 128
NOTES TO THE FINANCIAL STATEMENTS
June 1994
$000
-
TERM ASSETS
Other term assets 1,739
Total term assets 1,739 -
FIXED ASSETS
Freehold land at cost 58,512
Freehold buildings
At cost 54,313
Accumulated depreciation 8,215
Book value 46,098
Generation plant
At cost 4,636,518
Accumulated depreciation 702,604
Book value 3,933,914
Capital work in progress at cost 130,739
Other plant and equipment
At cost 70,415
Accumulated depreciation 37,066
Book value 33,349
Assets intended for sale
At cost 56,943
Accumulated depreciation 17,190
Book value 39,753
Total fixed assets 5,007,440
Accumulated depreciation 765,075
Total book value of fixed assets 4,242,365
The aggregate of the latest available Government valuations of land is $30 million.
Separate valuations of buildings are not available, but the aggregate cost shown
above would not differ materially from current values.
Assets intended for sale are disclosed at the lower of net book value and net current value.
- INVESTMENT IN AND ADVANCES TO NON-CORE SUBSIDIARIES
Advances 1,767,271
Shares 1,215,965
Total investment in and advances to non-core subsidiaries 2,983,236
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VUW Te Waharoa —
NZ Gazette 1994, No 128
NZLII —
NZ Gazette 1994, No 128
β¨ LLM interpretation of page content
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Electricity Corporation of New Zealand Limited Financial Statements
(continued from previous page)
πΎ Primary Industries & ResourcesFinancial statements, Term assets, Fixed assets, Valuations