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New Zealand Gazette – 1995 – No. 108

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✨ Financial Statements

3452 NEW ZEALAND GAZETTE No. 108

Wairarapa Electricity Limited and Subsidiary Companies

Notes to the Accounts (continued)

6. Fixed Assets

Fixed assets with their original cost and accumulated depreciation are:

	Consolidated	Parent	Line business	Energy and other business
	1995 $000s	1995 $000s	1995 $000s	1995 $000s

| Freehold land and improvements | 4,755 | 496 | 81 | 4,674 |

| Buildings | 3,715 | 2,509 | 1,912 | 1,803 |
| Less accumulated depreciation | 1,090 | 1,090 | 895 | 195 |
| | 2,625 | 1,419 | 1,017 | 1,608 |

| Distribution system | 30,305 | 30,305 | 30,305 | - |

| Generation | 353 | 353 | - | 353 |
| Less accumulated depreciation | 249 | 249 | - | 249 |
| | 104 | 104 | - | 104 |

| Plant and equipment | 1,709 | 1,680 | 707 | 1,002 |
| Less accumulated depreciation | 1,042 | 1,042 | 438 | 604 |
| | 667 | 638 | 269 | 398 |

| Motor vehicles | 1,528 | 1,528 | 219 | 1,309 |
| Less accumulated depreciation | 995 | 995 | 144 | 851 |
| | 533 | 533 | 75 | 458 |

| Total Fixed Assets | 38,989 | 33,495 | 31,747 | 7,242 |

Interest cost capitalised on land purchased for generation activities amounting to $437,000 is included above.

The latest Government valuation of the company's land and buildings was $6,758,000.

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NZLII — NZ Gazette 1995, No 108

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💰 Notes to the Accounts of Wairarapa Electricity Limited and Subsidiary Companies (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFixed Assets, Financial Accounts, Depreciation, Valuation, Wairarapa Electricity

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