New Zealand Gazette – 1997 – No. 114

Page 2667

✨ Financial Statements

2 SEPTEMBER NEW ZEALAND GAZETTE 2667

Valuation
Revalued land and buildings are stated at net current value as determined by an independent registered valuer. Williams and Associates Ltd, as at the following dates:

	February 1997
Land		45	117
Buildings	February 1997	140	468
		185	585

Optimised Deprival Valuation (ODV)

In conjunction with Worley Consultants Ltd. Coopers and Lybrand undertook the valuation exercise and have provided to the Directors of MainPower New Zealand Ltd a certified valuation at 1 April 1994 as follows:

Extract from Coopers & Lybrand ODV Valuation of MainPower’s Lines Business, December 1994

Table 7: Net Asset Value

	($m)
Distribution System at ODV	62.193
Inventory	.273
Other Fixed Assets (at NBV)	3.834
Total Fixed Assets	66.300
Plus:-
Debtors	3.042
Less:-
Creditors	.599
Net Asset Value	68.743

The carrying value of the lines business distribution system recorded in the Company’s Statement of Financial Position (Fixed Assets) at 31 March 1997 amounts to $27.539m compared to the O.D.V. at 1 April 1994 of $62.193m.

Other Business Activities Statement of Financial Performance
For The Year Ended 31 March 1997

Note	1997	1996
	$000	$000

Operating Revenue | 26.096 | 24.361 |

Operating Surplus Before Taxation
| | 568 | 576 |
| Taxation | (200) | (369) |

Operating Surplus | 368 | 207 |

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VUW Te Waharoa — NZ Gazette 1997, No 114

NZLII — NZ Gazette 1997, No 114

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Lines Business Statement of Financial Position (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Position, Valuation, Assets, Liabilities, Equity, Revaluation, Depreciation

🏭 Optimised Deprival Valuation of MainPower’s Lines Business

Domain🏭 Trade, Customs & Industry
KeywordsValuation, Assets, Distribution System, Inventory, Fixed Assets, ODV

🏭 Other Business Activities Statement of Financial Performance

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Operating Revenue, Operating Surplus, Taxation

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