New Zealand Gazette – 1995 – No. 139

Page 4547

✨ Financial Statements



27 NOVEMBER NEW ZEALAND GAZETTE 4547

TRANS POWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1995

11. FIXED ASSETS

Valuation
1995 30 June 1995
Infrastructure Asset $000
Transmission lines 1,192,142 Non Infrastructure Assets
Freehold land 28,187
Freehold buildings 62,913
Substations 833,215
HVDC link 334,703
HVDC leased asset 207,723
Communications 111,450
Minor assets 14,275
Capital work in progress 88,962
Total Non Infrastructure Assets 1,681,428
Total Fixed Assets 2,873,570

As at 30 June 1995 all fixed assets have been revalued in accordance with the optimised deprival valuation (ODV) methodology. The valuation was carried out by Ernst and Young.
1994 Accumulated
Cost Depreciation Book Value
$000 $000 $000
Infrastructure Asset
Transmission lines * 1,218,593 172,659 1,045,934
Less Infrastructure asset service potential adjustment (17,580)
1,218,593 172,659 1,028,354 Non Infrastructure Assets
Freehold land 31,652 0 31,652
Freehold buildings 85,605 17,067 68,538
Substations 1,058,788 212,729 846,059
HVDC link 585,883 104,143 481,740
HVDC leased asset 233,176 17,250 215,926
Communications 162,689 42,333 120,356
Minor assets 28,320 15,316 13,004
Capital work in progress 64,776 0 64,776
Total Non Infrastructure Assets 2,250,889 408,838 1,842,051
Total Fixed Assets 3,469,482 581,497 2,870,405

Minor assets include plant, equipment, furniture, and motor vehicles.

  • Under the infrastructure asset accounting policy depreciation on the infrastructure asset ceased with effect from 31 March 1993. Thus accumulated depreciation records the amount of depreciation up until 31 March 1993.


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✨ LLM interpretation of page content

🏗️ Notes to the Financial Statements for Trans Power New Zealand Limited (continued from previous page)

🏗️ Infrastructure & Public Works
Financial Statements, Fixed Assets, Valuation, Infrastructure, Non-Infrastructure Assets