✨ Financial Statements




MercuryEnergy

Mercury Energy Limited and Subsidiaries

Notes to and forming part of the financial statements for the year ended 31 March 1997 continued

15. FIXED ASSETS continued

1997 1996
Line Activities Electricity Retailing Other Activities Total Activities Line Activities Electricity Retailing Other Activities Total Activities
$000 $000 $000 $000 $000 $000 $000 $004

Plant and equipment

  • Motor vehicles and mobile equipment | - | - | - | 13,807 | - | - | 14,103 | 14,103 |
  • Computer and telecommunication equipment | 1 | 8 | - | 49,926 | - | - | 38,247 | 38,247 |
  • Miscellaneous plant and equipment | 110 | 526 | - | 10,026 | 1,057 | 528 | 11,112 | 12,697 |

| Total Additions | 111 | 534 | - | 73,759 | 1,057 | 528 | 63,462 | 65,047 |

Accumulated depreciation

| | (14) | (395) | - | (35,149) | - | (375) | (28,416) | (28,791) |

| Net book value | 97 | 139 | - | 38,610 | 1,057 | 153 | 35,046 | 36,256 |

Capital work in progress

| | 3,203 | - | - | 3,203 | 2,281 | - | - | 2,281 |

Total fixed assets

| At cost | 941,212 | 534 | 207,487 | 1,024,233 | 906,958 | 528 | 205,643 | 1,113,129 |

| Provision for depreciation | (157,719) | (395) | (6,583) | (164,697) | (141,212) | (375) | (38,962) | (180,549) |

| Net book value | 783,493 | 139 | 200,904 | 984,536 | 765,746 | 153 | 166,681 | 932,580 |

The latest Government valuations of freehold land total ... $27.302 million (1996: $26.725 million)
The latest Government valuations of buildings total ... $25.222 million (1996: $24.087 million)

NEW ZEALAND GAZETTE

No. 117



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🏭 Mercury Energy Limited Fixed Assets (continued from previous page)

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Fixed Assets, Financial Statements, Mercury Energy Limited, 1997, 1996