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New Zealand Gazette – 1996 – No. 83

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✨ Financial Statements

2212 NEW ZEALAND GAZETTE No. 83

Wairarapa Electricity Limited and Subsidiary Companies

Notes to the Financial Statements

9) Fixed Assets

Fixed assets with their costs and accumulated depreciation are:

	Line Business	Energy and Other Business	Line Business	Energy and Other Business
	1996	1996	1995	1995
	000's	000's	000's	000's

| Freehold land and improvements | 81 | 2,956 | 81 | 4,674 |
| Land intended for Sale (in current year) | - | 890 | - | - |

| | 81 | 3,846 | 81 | 4,674 |

| Buildings | 403 | 334 | 1,912 | 1,803 |
| less Accumulated Depreciation | (200) | (165) | (895) | (195) |

| | 203 | 169 | 1,017 | 1,608 |

| Distribution System | 30,856 | - | 30,305 | - |

| Generation | - | 353 | - | 353 |
| less Accumulated Depreciation | - | (258) | - | (249) |
| add Capital Works in Progress | - | 5,620 | - | - |

| | - | 5,715 | - | 104 |

| Plant and Equipment | 571 | 964 | 707 | 1,002 |
| less Accumulated Depreciation | (388) | (582) | (438) | (604) |

| | 183 | 382 | 269 | 398 |

| Motor Vehicles | 191 | 1,350 | 219 | 1,309 |
| less Accumulated Depreciation | (127) | (683) | (144) | (851) |

| | 64 | 667 | 75 | 458 |

| Total Fixed Assets | 31,387 | 10,779 | 31,747 | 7,242 |

No interest cost has been capitalised on land purchased for generation activities for 1996. (1995 Interest cost capitalised amounted to $437,000)

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VUW Te Waharoa — NZ Gazette 1996, No 83

NZLII — NZ Gazette 1996, No 83

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✨ LLM interpretation of page content

🏭 Wairarapa Electricity Limited Fixed Assets (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFixed Assets, Financial Statements, Electricity, Wairarapa, Depreciation, Capital Works

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