New Zealand Gazette – 1997 – No. 113

Page 2653

✨ Financial Statements



1 SEPTEMBER NEW ZEALAND GAZETTE 2653

1997
| Total $000 | Line $000 | Energy $000 |
|------------|-----------|-------------|

1996
| Total $000 | Line $000 | Energy $000 |
|------------|-----------|-------------|

  1. INVESTMENTS
    Loan to EMCO
    | 13 | 0 | 13 |
    Total Investments
    | 13 | 0 | 13 |

  2. INVESTMENT IN ASSOCIATES

  • at cost
    | 110 | 0 | 110 |
  • share of decrease in net assets
    | (74) | 0 | (74) |
    | 36 | 0 | 36 |
  1. FIXED ASSETS
    Distribution system - at cost
    | 27,050 | 27,050 | 0 |
    less accumulated depreciation
    | (12,820) | (12,820) | 0 |
    | 14,230 | 14,230 | 0 |

Buildings - at valuation
| 2,852 | 2,306 | 546 |
less accumulated depreciation
| (33) | (26) | (7) |
| 2,819 | 2,280 | 539 |

Motor vehicles - at cost
| 1,869 | 1,470 | 399 |
less accumulated depreciation
| (1,104) | (868) | (236) |
| 765 | 602 | 163 |

Plant and equipment - at cost
| 2,938 | 2,311 | 627 |
less accumulated depreciation
| (1,824) | (1,435) | (389) |
| 1,114 | 876 | 238 |

Assets < $2,000 - at book value
| 127 | 100 | 27 |
less accumulated depreciation
| (63) | (50) | (13) |
| 64 | 50 | 14 |

Leased Assets - at cost
| 83 | 45 | 38 |
less accumulated depreciation
| (10) | (5) | (5) |
| 73 | 40 | 33 |

Non-depreciable assets - at cost
| 6 | 4 | 1 |

Land at valuation
| 1,571 | 1,480 | 91 |

TOTAL FIXED ASSETS

  • at cost
    | 31,946 | 30,880 | 1,066 |
  • at book value
    | 127 | 100 | 27 |
  • at valuations
    | 4,423 | 3,786 | 637 |
    Sub-total
    | 36,496 | 34,766 | 1,730 |
    less accumulated depreciation
    | (15,854) | (15,204) | (650) |
    Fixed Assets as at 31 March 1996
    | 20,642 | 19,562 | 1,080 |

1996
| Total $000 | Line $000 | Energy $000 |
|------------|-----------|-------------|
| 0 | 0 | 0 |
| 0 | 0 | 0 |

  • at cost
    | 60 | 0 | 60 |
  • share of decrease in net assets
    | (37) | 0 | (37) |
    | 23 | 0 | 23 |

Distribution system - at cost
| 26,469 | 26,469 | 0 |
less accumulated depreciation
| (11,756) | (11,756) | 0 |
| 14,714 | 14,714 | 0 |

Buildings - at valuation
| 2,834 | 2,289 | 546 |
less accumulated depreciation
| (23) | (18) | (4) |
| 2,811 | 2,270 | 541 |

Motor vehicles - at cost
| 1,717 | 1,307 | 410 |
less accumulated depreciation
| (1,135) | (864) | (271) |
| 583 | 444 | 139 |

Plant and equipment - at cost
| 2,583 | 1,966 | 617 |
less accumulated depreciation
| (1,571) | (1,196) | (375) |
| 1,012 | 770 | 242 |

Assets < $2,000 - at book value
| 125 | 95 | 30 |
less accumulated depreciation
| (48) | (36) | (12) |
| 77 | 59 | 18 |

TOTAL FIXED ASSETS

  • at cost
    | 30,775 | 29,747 | 1,028 |
  • at book value
    | 125 | 95 | 30 |
  • at valuations
    | 4,162 | 3,526 | 637 |
    Sub-total
    | 35,062 | 33,368 | 1,695 |
    less accumulated depreciation
    | (14,532) | (13,870) | (662) |
    Fixed Assets as at 31 March 1996
    | 20,531 | 19,498 | 1,033 |

Freehold land and buildings were valued by Mr G H Kelso, ANZIV, Registered Valuer of Lewis and Wright, Gisborne, in February 1997 to their net current value on the basis of their existing use and in accordance with the Asset Valuation Standards of the New Zealand Institute of Valuers.



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✨ LLM interpretation of page content

🏭 Financial Statements for Eastland Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
8 August 1997
Financial Statements, Electricity, Information Disclosure, Eastland Energy, Accounting Policies, Revenue Recognition, Fixed Assets, Capital Expenditure, Depreciation, Investments, Current Assets, Taxation, Leases, Research and Development, Foreign Currencies, Taxation Reconciliation, Receivables, Inventories
  • G H Kelso, Valued freehold land and buildings