New Zealand Gazette – 1996 – No. 173

Page 4573

✨ Financial Valuation Report



29 NOVEMBER

NEW ZEALAND GAZETTE

4573

Optimised Deprival Valuation - ODV

Valuation of the line business assets per the ODV valuation Report

As at 30 June 1996 As at 30 June 1995 As at 30 June 1994
2,864,400,000 2,863,000,000 2,839,100,000

Fixed Asset value disclosed in the Statement of Financial Position for Information (Industry Disclosure) Regulation purpose

As at 30 June 1996 As at 30 June 1995 As at 30 June 1994
2,878,561,000 2,873,570,000 2,870,405,000

Variance represented by;

As at 30 June 1996 As at 30 June 1995 As at 30 June 1994
i) 13,066,000 6,666,000 13,100,000
ii) 1,095,000 3,904,000 -
iii) - - 18,205,000
Total 14,161,000 10,570,000 31,305,000

i) Spares are included in the definition of fixed assets for financial reporting purposes but are excluded from the ODV Report.

ii) Late adjustments of an immaterial nature, to the ODV valuation have not been adjusted for in the financial statements as at the end of the financial period, but are reflected in the result for the following period.

iii) On 1 July 1994, Transpower changed its accounting policy to modified historical cost using the ODV valuation methodology. The $18 million difference arising between net book value and the ODV as at 30 June 1994 reflects the difference which arose between 1 April 1987, when the asset valuation was originally struck for entry into Transpower’s financial statements, and 30 June 1994. It was not considered appropriate to include this adjustment solely in the results for the 12 months ended 30 June 1994.



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🏭 Optimised Deprival Valuation Report for Trans Power New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
Valuation, Fixed Assets, Financial Reporting, ODV, Transpower