β¨ 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
16. ODV REVALUATION
| 1997 | 1996 | |||
|---|---|---|---|---|
| $000 | $000 | |||
| ODV 31 March 1996 | ||||
| - As audited | 765,746 | 621,021 | ||
| - Increase in economic lives | - | 120,720 | ||
| 765,746 | 741,741 | |||
| Net assets acquired | 15,863 | 27,524 | ||
| ODV revaluation | 1,886 | (3,520) | ||
| ODV as at 31 March 1997 | 783,495 | 765,745 |
ODV revaluation reserve
| 1997 | 1996 | ||
|---|---|---|---|
| $000 | $000 | ||
| Balance 31 March 1996 | 480,719 | 345,891 | |
| Revaluation for increased economic lives | 1,886 | 117,200 | |
| Change in accumulated net book value | - | 17,628 | |
| 482,605 | 480,719 |
8 SEPTEMBER
NEW ZEALAND GAZETTE
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VUW Te Waharoa —
NZ Gazette 1997, No 117
NZLII —
NZ Gazette 1997, No 117
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π
Mercury Energy Limited Fixed Assets
(continued from previous page)
π Trade, Customs & IndustryFixed Assets, Financial Statements, Mercury Energy Limited, 1997, 1996