New Zealand Gazette – 1995 – No. 78

Page 2153

✨ Financial Statements



11 AUGUST NEW ZEALAND GAZETTE 2153

TAUPO ELECTRICITY LIMITED
Notes (cont)

11. FIXED ASSETS

Line Business 1995 Other Businesses 1995
Cost ($) Accum Deprec ($) Net Book Value ($) Cost ($) Accum Deprec ($) Net Book Value ($)
Land 356,479 - 356,479 315,165 - 315,165
Buildings 310,534 45,629 264,905 681,110 85,009 596,101
Office Furniture & Equipment 25,946 18,424 7,522 570,368 407,280 163,088
Motor Vehicles 651,210 389,135 262,075 372,728 188,632 184,096
EDP & Communication Equip 272,589 211,244 61,345 788,795 637,001 151,794
Tools and Equipment 141,950 106,532 35,418 123,601 106,990 16,611
Distribution System 9,416,274 2,117,462 7,298,812 - - -
Hydro Generation - - - 9,130,535 1,833,420 7,297,115
11,174,982 2,888,426 8,286,556 11,982,302 3,258,332 8,723,970

Valuations

An ODV Valuation was carried out at 31 March 1995. This valued the assets of the Line Business at that date. The maximum valuation totalled $28.837 million for the distribution assets. The non distribution assets (excluding the Horomatangi Street Land and Buildings) had an estimated market value of $2,763,950.

12. SHARE CAPITAL

Lines Business 1995 ($) Other Businesses 1995 ($)
Authorised
4,500,000 redeemable preference shares of $1 each 2,238,580 2,261,420
6,028,000 ordinary shares of $1 each 3,154,084 2,873,916
5,392,664 5,135,336
Issued And Paid Up
4,500,000 redeemable preference shares of $1 each fully paid 2,238,580 2,261,420
6,027,900 ordinary shares of $1 each fully paid 3,154,084 2,873,816
5,392,664 5,135,236
Issued and Unpaid
100 ordinary shares of $1 each called to $1 but unpaid - 100
5,392,664 5,135,336

The redeemable preference shares are redeemable at par value plus an amount equal to any accrued but unpaid dividend on request of the holder provided that the company expressly agrees to the request within ten working days of receipt by it of that request. Failure to expressly agree or refuse within that ten day period shall be deemed to be a refusal.



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✨ LLM interpretation of page content

🏭 Statement of Accounting Policies for Taupo Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Fixed Assets, Valuations, Share Capital, Redeemable Preference Shares, Ordinary Shares