Financial Statements




2586
NEW ZEALAND GAZETTE
No. 99

Power New Zealand Limited

9 FIXED ASSETS

1996

Network Business Unit
At cost ($000)
At Valuation ($000)
Accum. Dep’n ($000)
Net Carrying Value ($000)

Freehold Land
160

  • 160

Freehold Buildings
4,578

652
3,926

Distribution System

524,195

524,195

Plant, Vehicles and Equipment
10,700

5,971
4,729

Capital Work in Progress
5,014

  • 5,014

FIXED ASSETS
20,452
524,195
6,623
538,024

1995

Network Business Unit
At cost ($000)
At Valuation ($000)
Accum. Dep’n ($000)
Net Carrying Value ($000)

Freehold Land
1,829

  • 1,829

Freehold Buildings
4,972

618
4,354

Distribution System

522,324

522,324

Plant, Vehicles and Equipment
11,459

4,012
7,447

Capital Work in Progress
3,567

  • 3,567

FIXED ASSETS
21,827
522,324
4,630
539,521

1996

Energy Business Unit
At cost ($000)
At Valuation ($000)
Accum. Dep’n ($000)
Net Carrying Value ($000)

Freehold Land
47

  • 47

Freehold Buildings
313

64
249

Plant, Vehicles and Equipment
910

489
421

Capital Work in Progress
109

  • 109

FIXED ASSETS
1,379

553
826

1995

Energy Business Unit
At cost ($000)
At Valuation ($000)
Accum. Dep’n ($000)
Net Carrying Value ($000)

Freehold Land
67

  • 67

Freehold Buildings
348

75
273

Plant, Vehicles and Equipment
829

296
533

Capital Work in Progress
(1)

  • (1)

FIXED ASSETS
1,243

371
872

In respect of the valuation, there is a deferred tax liability for tax depreciation recovered, amounting to

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🌾 Notes to Financial Statements of Power New Zealand Limited (continued from previous page)

🌾 Primary Industries & Resources
Financial Statements, Fixed Assets, Network Business Unit, Energy Business Unit, Valuation, Depreciation