New Zealand Gazette – 1995 – No. 93

Page 2875

✨ Financial Statements



4 SEPTEMBER
NEW ZEALAND GAZETTE
2875

10 FIXED ASSETS

1995
$

Reticulation Assets
Cost
14,116,208
Accumulated Depreciation
4,342,150
Net Book Value
9,774,058

Freehold Land
Cost
93,443

Freehold Buildings
Cost
1,536,867
Accumulated Depreciation
145,535
Net Book Value
1,391,332

Motor Vehicles
Cost
1,402,551
Accumulated Depreciation
1,018,948
Net Book Value
383,603

Plant, Furniture and Fittings
Cost
369,127
Accumulated Depreciation
229,061
Net Book Value
140,066

Total Net Book Value
11,782,502

Depreciation on infrastructure assets ceased with effect from 1 April 1994. Thus accumulated depreciation records the amount of depreciation up to 31 March 1994.

Assets have been valued at $43,163,918 using the ODV method as at 31/3/95

Assets constructed by the company are capitalised at direct cost plus a proportion of indirect overheads. Such expenditure includes:

i) any building of new lines in unreticulated areas.
ii) the incremental cost of providing additional capacity in previously reticulated areas.
iii) the provision of new transformers.
iv) new substation work and enhancements to existing substations.

11 CONTINGENT LIABILITIES AND CAPITAL COMMITMENTS

As at balance date the Company had no contingent liabilities or capital commitments.



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✨ LLM interpretation of page content

🏭 Financial Performance Statement for Waipa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Fixed Assets, Reticulation, Freehold Land, Buildings, Motor Vehicles, Plant, Furniture, Depreciation, Valuation, Capitalisation