β¨ Financial Statements
3046 NEW ZEALAND GAZETTE No. 97
Wairoa Power Limited - Lines Business
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1995 continued
- FIXED ASSETS
Freehold Land
(at valuation) 84,600 79,800
Freehold Buildings
(at valuation) 574,652 526,252
Accumulated Depreciation (115,752) (98,360)
458,900 427,892
Distribution lines
(at cost) 4,920,801 4,799,706
Accumulated Depreciation (1,687,309) (1,489,355)
3,233,492 3,310,351
Other Plant and Equipment
(at cost) 886,182 742,247
Accumulated Depreciation (356,233) (258,579)
529,949 483,668
Total Fixed Assets 4,306,941 4,301,711
Valuation:
Revalued freehold land & buildings are stated at net current value as determined
by an independent registered valuer C W Nyberg ANZIV, of the firm Darroch & Co Ltd,
as at 31 August 1993.
- INVESTMENTS
Investments are stated at cost and comprise:
Sinking Fund Deposits 24,158 20,825
Sinking Funds:
Deposits are lodged with the Public Trust Office and National Provident
Fund. Interest received on these funds range from 7.5% to 11.8%.
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VUW Te Waharoa —
NZ Gazette 1995, No 97
NZLII —
NZ Gazette 1995, No 97
β¨ LLM interpretation of page content
π
Notes to Financial Statements for Wairoa Power Limited
(continued from previous page)
π Trade, Customs & IndustryAccounting Policies, Financial Statements, Line Business, Wairoa Power Limited, Fixed Assets, Investments
- C W Nyberg (ANZIV), Independent registered valuer