New Zealand Gazette – 1996 – No. 121

Page 3043

✨ Financial Statements

17 SEPTEMBER

NEW ZEALAND GAZETTE

	Lines Business		Energy Business
	1996	1995	1996	1995
	$	$	$	$

Note 6: Investments

(i) CURRENT

Short term deposits held with registered banks
571,507 | 822,441 | 548,016 | 129,709 |
Government & SOE Bonds
511,219 | - | - | - |
Total Current | | | |
1,082,726 | 822,441 | 548,016 | 129,709 |

(ii) NON CURRENT

Government & SOE Bonds

           | 511,219              | -            | -                    |

Note 7: Fixed Assets

Distribution Assets

At Cost
8,503,900 | 8,337,923 | - | - |
Accumulated Depreciation
(3,769,126) | (3,530,110) | - | - |
Total carrying amount of distribution assets
4,734,774 | 4,807,813 | - | - |

Freehold Land

At Cost
21,617 | 21,617 | - | - |
At Valuation - 16 February 1996
106,283 | - | - | - |
Total carrying amount of free hold land
127,900 | 21,617 | - | - |

Freehold Buildings

At Cost
846,337 | 835,656 | - | - |
Accumulated Depreciation
(265,515) | (248,605) | - | - |
At Valuation - 16 February 1996
1,018,000 | - | - | - |
Accumulated Depreciation
(3,309) | - | - | - |
Total carrying amount of freehold buildings
1,014,691 | 587,051 | - | - |

Motor Vehicles

At Cost
440,409 | 419,791 | 161,614 | 155,460 |
Accumulated Depreciation
(242,767) | (255,522) | (102,195) | (101,568) |
Total carrying amount of Motor Vehicles
197,642 | 164,269 | 59,419 | 53,892 |

Plant and Equipment

At Cost
254,273 | 233,458 | 20,508 | 18,023 |
Accumulated Depreciation
(136,135) | (119,710) | (3,726) | (1,744) |
Total carrying amount of Plant and Equipment
118,138 | 113,748 | 16,782 | 16,279 |

Computer Equipment

At Cost
246,098 | 187,053 | - | - |
Accumulated Depreciation
(143,416) | (107,933) | - | - |
Total carrying amount of Computer Equipment
102,682 | 79,120 | - | - |

Total Fixed Assets

6,295,827 | 5,773,618 | 76,201 | 70,171 |

Valuations
Valuations of freehold land and buildings were determined by an independent registered valuer Ian Mollison, Dip VFM, ANZIV, MNZSFM of the firm Ian Mollison and Associates, Dannevirke on 16/2/96.

A valuation carried out by Dr Ed Hudson of E-DEC Ltd for the year ended 31 March 1994 identifies the ODV value of the Distribution fixed assets at $14,333,501.

Note 8: Accounts Payable

**Electricity Customers***

```
           | -                    | 187,637      | 243,790              |
```
Trade Creditors
169,650 | 277,587 | 614,352 | 445,202 |
Customer Deposits
11,900 | 11,840 | - | - |
Other Creditors & Accruals
5,465 | 5,071 | - | - |
Total |
187,015 | 294,518 | 801,989 | 688,992 |

*Due to the effect of discounts resulting in customers having credit (being owed) balances.

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VUW Te Waharoa — NZ Gazette 1996, No 121

NZLII — NZ Gazette 1996, No 121

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Financial Performance Measures for Scanpower Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsAccounting Policies, Fixed Assets, Investments, Depreciation, Taxation, Employee Entitlements, Financial Instruments, Other Income, Taxation Reconciliation, Retained Earnings, Reserves, Accounts Receivable, Inventories
👱🏽 Names

Ian Mollison, Valuer of freehold land and buildings
Ed Hudson (Doctor), Valuer of distribution fixed assets

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