Financial Statements




3 SEPTEMBER NEW ZEALAND GAZETTE 2623

MAINPOWER NEW ZEALAND LTD

Lines Business

Notes to and Forming Part of the Financial Statements

For the Year Ended 31 March 1996 (continued)

  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

($m)
Distribution System at O.D.V.: 62.193
Inventory .273
Other Fixed Assets (at NBV) 3.834
Total Fixed Assets 66.300
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 1996 amounts to $26.559 compared to the O.D.V. at 1 April 1994 of $62.193.



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🏭 Notes to and Forming Part of the Financial Statements for MainPower New Zealand Ltd (continued from previous page)

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