New Zealand Gazette – 1997 – No. 105

Page 2459

✨ Financial Statements

DEVELOPMENT COSTS CAPITALISED


-Cost	-	133,959	-	28,826	-	145,123
-Valuation	-	-	-	828,613	-	828,613
	-	133,959	-	857,439	-	973,736
Opening Cost	-	857,439	-	973,736	-	868,192
Plus Additions	-	124,604	-	68,307	-	105,544
	-	982,043	-	1,042,043	-	973,736
Less Writeoffs	-	(848,084)	-	(27,999)	-	-
Less Transfer to Fixed Assets	-	-	-	(156,605)	-	-
Balance	-	133,959	-	857,439	-	973,736

Development Costs relate to Kuratau Upgrade and Resource Consent Application and Ohwango Water Supply Generation Scheme which are still proceeding.

It was considered by the Directors that the Whangaehu / Karioi Project Hydro Generation Project is now not likely to proceed. The Development Costs relating to this incurred up to 1996 were written off during the year.

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VUW Te Waharoa — NZ Gazette 1997, No 105

NZLII — NZ Gazette 1997, No 105

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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements of King Country Energy Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Fixed Assets, Government Valuations, Valuation New Zealand, High Court, Kuratau Power Station, Development Costs, Kuratau Upgrade, Resource Consent Application, Ohwango Water Supply Generation Scheme, Whangaehu / Karioi Project Hydro Generation Project

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