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New Zealand Gazette – 1996 – No. 152

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✨ Financial Statements

21 OCTOBER

NEW ZEALAND GAZETTE

4041

ALPINE ENERGY LIMITED

FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1994

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1996 (CONTINUED)

7. GOODWILL

Goodwill relates to the excess balance arising on the issue of shares for the carrying value of net assets transferred from Timaru Electricity and South Canterbury Electric Power Board.

This goodwill is being written off in equal instalments over a five year period commencing 1st April 1994.

8. FIXED ASSETS

	Lines	Other
DISTRIBUTION SYSTEM
At Valuation	65,790
Capital Work in Progress	791	0
	66,581

| VEHICLES & PLANT | | |
| Cost | 486 | 127 |
| Less Accumulated Depreciation | 309 | 98 |
| | 177 | 29 |

| | 66,758 | 29 |

Valuation of the Network Reticulation System

Valuation of the Network Reticulation System is at net current value on an existing use basis, as at 31 March 1996, and was conducted by Joanna Sofield BMS(Hons) and Govind Saha PhD MBA, Partners of the firm Ernst & Young.

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VUW Te Waharoa — NZ Gazette 1996, No 152

NZLII — NZ Gazette 1996, No 152

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✨ LLM interpretation of page content

🏭 Alpine Energy Limited Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Alpine Energy, Electricity, Disclosure Regulations, Goodwill, Fixed Assets, Valuation
👱🏽 Names

Joanna Sofield, Conducted valuation of Network Reticulation System
Govind Saha (PhD MBA), Conducted valuation of Network Reticulation System

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