✨ Financial Statements
2834
NEW ZEALAND GAZETTE
No. 111
TRUSTPOWER LIMITED AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTHS ENDED 31 MARCH 1996
NOTE 11 : FIXED ASSETS
| LINE BUSINESS $'000 | ENERGY BUSINESS $'000 | GENERATION BUSINESS $'000 |
|---|---|---|
| FREEHOLD LAND 1,085 | 188 | 950 |
| FREEHOLD BUILDINGS 5,496 | 913 | 3,894 |
| ACCUMULATED DEPRECIATION 488 | 75 | 424 |
| 5,008 | 838 | 3,470 |
| GENERATION ASSETS | - | 77,436 |
| ACCUMULATED DEPRECIATION | 2,380 | |
| 96,664 | 75,056 | |
| RETICULATION NETWORK 139,740 | - | - |
| ACCUMULATED DEPRECIATION 43,076 | ||
| MOTOR VEHICLES 4,063 | 250 | 2 |
| ACCUMULATED DEPRECIATION 2,684 | 104 | 0 |
| 1,379 | 146 | 2 |
| PLANT AND EQUIPMENT 6,733 | 2,218 | 3,712 |
| ACCUMULATED DEPRECIATION 3,892 | 1,194 | 704 |
| 2,841 | 1,024 | 3,008 |
| TOTAL FIXED ASSETS 106,977 | 2,196 | 82,486 |
THE MOST RECENT GOVERNMENT VALUATION OF LAND AND BUILDINGS DATED 1 SEPTEMBER 1993, 1 SEPTEMBER 1994 AND 1 SEPTEMBER 1995 AMOUNTED TO $7,830,000. THIS VALUATION DOES NOT INCLUDE BUILDINGS ASSOCIATED WITH GENERATION ASSETS THAT HAVE A BOOK VALUE OF $3,392,000.
THE MOST RECENT OPTIMISED DEPRIVAL VALUATION OF THE GROUP'S RETICULATION NETWORK WAS COMPLETED BY COOPERS & LYBRAND, WORLEY CONSULTANTS, KPMG PEAT MARWICK AND KEISLAKE AND PARTNERS AS FOLLOWS:
| DATE | VALUATION $'000 |
|---|---|
| TAURANGA REGION 1 APRIL 1993 | 86,600 |
| ROTORUA REGION 1 APRIL 1994 | 48,900 |
| TAUPO REGION 1 APRIL 1995 | 28,800 |
| 164,300 |
WHERE GENERATION ASSETS HAVE BEEN PURCHASED THEY ARE CARRIED AT THEIR FAIR VALUE AS ESTABLISHED BY INDEPENDENT VALUERS AT THE TIME OF ACQUISITION.
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VUW Te Waharoa —
NZ Gazette 1996, No 111
NZLII —
NZ Gazette 1996, No 111
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Trustpower Limited Financial Statements
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