New Zealand Gazette – 1995 – No. 95

Page 2920

✨ Financial Statements



2920 NEW ZEALAND GAZETTE No. 95

MAINPOWER NEW ZEALAND LTD

Lines Business

Notes to and Forming Part of the Financial Statements

For the Year Ended 31 March 1995 (continued)

  1. Fixed Assets
Assets B.V. 31.03.95 ($000)
Globo 8,656
Distribution System 16,924
Land 735
Buildings 2,432
Motor Vehicles 233
Plant and Equipment 481
Furniture and Fittings 36
Intangible Assets 10
Total 29,507

Valuation

Revalued land and buildings are stated at net current value as determined by an independent registered valuer, Williams and Associates Ltd, as at the following dates:

Land November 1994 (21)
Buildings November 1994 238
217

  1. Loans and Advances

Advance to Contracting Business 500

  1. Optimised Deprival Valuation (O.D.V.)

In conjunction with Worley Consultants Ltd, Coopers and Lybrand undertook the valuation exercise and have provided to the Directors of MainPower New Zealand Ltd a certified valuation at 1 April 1994 as follows:

Extract from Coopers & Lybrand O.D.V. Valuation of MainPower’s Lines Business, December 1994

Table 7: Net Asset Value

Distribution System at O.D.V. ($m)
Inventory 62.193
Other Fixed Assets (at NBV) .273
Total Fixed Assets 3.834
Plus:-
Debtors 3.042
Less:-
Creditors .599
Net Asset Value 68.743

The carrying value of the lines business distribution system recorded in the Company’s Statement of Financial Position (Fixed Assets) at 31 March 1995 amounts to $25.580m compared to the O.D.V. at 1 April 1994 of $62.193m.



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🏭 MainPower New Zealand Ltd Financial Statements (continued from previous page)

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Financial Statements, Accounting, Electricity, Fixed Assets, Depreciation, Income Tax, Goods and Services Tax, Business Accounting