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New Zealand Gazette – 1996 – No. 173

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✨ Financial Statements

29 NOVEMBER NEW ZEALAND GAZETTE 4559

TRANS POWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1996

10. FIXED ASSETS

| | Valuation
| | 30 June 1996
| | $000 | Valuation
| | 30 June 1995
| | $000 |
|---|---:|---:|
| Infrastructure Asset |
| Transmission lines | 1,128,308 | 1,192,142 |

| Non Infrastructure Assets |
| Freehold land | 25,336 | 28,187 |
| Freehold buildings | 52,774 | 62,913 |
| Substations | 931,579 | 833,215 |
| HVDC link | 173,894 | 334,703 |
| HVDC leased assets | 355,020 | 207,723 |
| Communications | 109,171 | 111,450 |
| Minor assets | 13,860 | 14,275 |
| Capital work in progress | 88,619 | 88,962 |
| Total Non Infrastructure Assets | 1,750,253 | 1,681,428 |
| Total Fixed Assets | 2,878,561 | 2,873,570 |

Minor assets include plant, equipment, furniture, and motor vehicles.

As at 30 June 1996 all fixed assets have been revalued in accordance with the optimised deprival valuation (ODV) methodology. The valuation was carried out by Ernst & Young.

| | 1996
| | $000 | 1995
| | $000 |
|---|---:|---:|

Related Party Transactions

Annual capital work in progress expenditure

with:

| | | |
| ECNZ Group | 4,104 | 12,030 |
| Works Consultancy Services | 651 | 632 |
| BCL | 33 | 814 |
| | 4,788 | 13,476 |

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VUW Te Waharoa — NZ Gazette 1996, No 173

NZLII — NZ Gazette 1996, No 173

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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Trans Power New Zealand Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated5 November 1996
KeywordsFinancial Statements, Fixed Assets, Valuation, Infrastructure, Non-Infrastructure, Related Party Transactions, Trans Power New Zealand Limited

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