New Zealand Gazette – 1996 – No. 161

Page 4253

✨ Financial Statements



4 NOVEMBER
NEW ZEALAND GAZETTE
4253

BAY OF PLENTY ELECTRICITY LIMITED
Special Purpose Financial Statements
Electricity (Information Disclosure) Regulations 1994

Notes to the Financial Statements
for the 12 Months ended 31 March 1996

14 Fixed Assets (continued)

Valuations as at 31 March 1996

Valuation $000 Depreciated Historic Cost $000
Generation Assets 89,024 35,475
Distribution Assets 56,834 16,722

Change in Classification

Communication and system supervisory equipment have been reclassified as distribution system assets. These assets were previously classed as plant and equipment. The items have been reclassified so that asset classification is consistent with the classification of assets in the Optimised Deprival Value conventions. Comparative figures have been restated.

Asset value reclassified:

As at 31 March 1996 Cost or Valuation $000 Accumulated Depreciation $000 Book Value $000
Communication Equipment 226 160 66
System Supervisory Equipment 834 554 280
As at 31 March 1995
Communication Equipment 190 144 46
System Supervisory Equipment 834 471 363

Depreciation Rates and Methods

Rate
Land Improvements 2.5% - 33%
Generation Structures 1% - 4%
Other Buildings 1% - 2.5%
Distribution System 2% - 10%
Generation Plant 1% - 4%
Plant and Equipment 7.5% - 50%
Motor Vehicles 10% - 20%
Furniture and Fittings 10%

All assets are depreciated on a straight line basis.



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✨ LLM interpretation of page content

🏭 Bay of Plenty Electricity Limited Special Purpose Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Electricity, Information Disclosure, Bay of Plenty Electricity Limited, Regulations 1994