✨ Financial Statements and Asset Details
2464 NEW ZEALAND GAZETTE No. 86
The investments shown in the Balance Sheet are those which are directly attributable to the Line Business and an allocation based on the relative reserve fund levels.
Fixed Assets and Depreciation
Distribution and substation assets in place prior to 1 April 1987 have been valued in accordance with Inland Revenue Department guidelines prior to that date and subsequently depreciated. All other assets are valued at cost less accumulated depreciation. Depreciation has been charged at the following rates:
| % | ||
|---|---|---|
| Globo distribution system | 5.0 | S.L. |
| Transmission lines and cables | 5.0 | DV |
| Distribution lines and cables | 5.0 | DV |
| Substation - transformers, switch gear etc | 7.5 | DV |
| Substation - other | 10.0 | DV |
| Distribution transformers | 7.5 | DV |
| Public lighting | 7.5 | DV |
| Meters | 10.0 | DV |
| Motor Vehicles | 20.0 | DV |
| Plant | 10.0 | DV |
| Furniture and Fittings | 20.0 | DV |
| Office and computer equipment | 20.0 | DV |
Fixed assets shown in the Balance Sheet include those which are directly attributable to the Line Business and an allocation of Corporate Services and Engineering Services fixed assets. The allocation of the fixed assets is based on:
-
For Corporate Services, the assets have been allocated on an equal share basis between each activity;
-
For Engineering Services, the assets have been allocated on the basis of the relative net book values.
Term Liabilities
The term liabilities shown in the Balance Sheet are those which are directly attributable to the Line Business.
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VUW Te Waharoa —
NZ Gazette 1995, No 86
NZLII —
NZ Gazette 1995, No 86
✨ LLM interpretation of page content
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Central Electric Limited Financial Certification
(continued from previous page)
🏭 Trade, Customs & Industry31 July 1995
Electricity, Financial Statements, Expenditure, Taxation, Accounts Receivable, Stock, Investments, Fixed Assets, Depreciation, Term Liabilities