✨ 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)
- 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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VUW Te Waharoa —
NZ Gazette 1996, No 101
NZLII —
NZ Gazette 1996, No 101
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Notes to and Forming Part of the Financial Statements for MainPower New Zealand Ltd
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