New Zealand Gazette – 1995 – No. 82

Page 2298

✨ Financial Statements



2298 NEW ZEALAND GAZETTE No. 82

9. FIXED ASSETS

NETWORK GENERATION ENERGY TOTAL BUSINESS
AS AT AS AT
31 MARCH 31 MARCH
1995 1995
$ $

9.1 Table of Fixed Assets

Land

477,677 | 40,205 | | 517,882 |

Buildings
3,799,511
Less Accumulated Depreciation
(721,175)

                |                      |                      | 3,799,511
                |                      |                      | (721,175)
                |                      |
                | 3,078,336            |                      | 3,078,336            |

Generation Assets
| 26,375,890 |
Less Accumulated Depreciation
| (7,601,056) |
|
| 18,774,834 |

Reticulation System
19,106,728
Less Accumulated Depreciation
(5,869,205)

                |                      | 19,106,728
                |                      | (5,869,205)
                |
                | 13,237,523           |

Plant and Equipment
997,535
Less Accumulated Depreciation
(587,832)

                | 40,088               | 817,102              | 1,854,725
                | (11,084)             | (461,319)            | (1,060,235)
                |
                | 409,703              | 29,004               | 355,783              | 794,490              |

Motor Vehicles
363,309
Less Accumulated Depreciation
(234,963)

                |                      | 904,563              | 1,267,872
                |                      | (586,841)            | (821,804)
                |
                |                      | 317,722              | 446,068              |

TOTALS | 17,331,585 | 18,844,043 | 673,505 | 36,849,133 |

9.2 Valuation of Properties

The most recent Government valuation of land and improvements was undertaken as at September 1993 and resulted in the following values being ascribed to properties owned by Marlborough Electric. The table has been adjusted for the purchase and disposal of property since September 1993

Land Improvements
Hydro Electric Stations $277,500 $15,037,500
Other properties $1,170,400 $4,174,800

Total | $1,447,900 | $19,212,300 |

10. CAPITAL CONTRIBUTIONS

Customer capital contributions totalling $59,324 were credited against the cost of reticulation assets in the network business during the year. As at 31 March 1995 the accumulated value of such contributions credited to network assets was $1,847,915.

11. CONTINGENT LIABILITIES AND CAPITAL COMMITMENTS

Marlborough Electric has no contingent liabilities as at 31 March 1995.
Capital commitments for Network extensions as at 31 March 1995 total $94,862.



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✨ LLM interpretation of page content

💰 Notes to Financial Statements of Marlborough Electric Limited (continued from previous page)

💰 Finance & Revenue
Financial Statements, Fixed Assets, Valuation, Capital Contributions, Contingent Liabilities, Marlborough Electric