β¨ Financial Statements
8 SEPTEMBER NEW ZEALAND GAZETTE 2825
TOP ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS
FOR THE 12 MONTHS ENDED 31 MARCH 1997
11 FIXED ASSETS
| LINE BUSINESS | $ | |
|---|---|---|
| Cost or Valuation | Accumulated Depreciation | |
| Land | 235,500 | 0 |
| Buildings | 222,000 | 17,391 |
| Distribution system at valuation | ||
| Infrastructure | 39,899,864 | 0 |
| Non infrastructure | 7,877,362 | 211,055 |
| Plant, furniture & software | 1,016,782 | 423,373 |
| Vehicles | 69,621 | 33,204 |
| Capital work in progress | 608,480 | 0 |
| Total fixed assets | 49,929,609 | 685,023 |
| ENERGY TRADING | $ | |
|---|---|---|
| Cost or Valuation | Accumulated Depreciation | |
| Land | - | - |
| Buildings | - | - |
| Distribution system at valuation | - | |
| Infrastructure | - | - |
| Non infrastructure | - | - |
| Plant, furniture & software | 272,939 | 120,986 |
| Vehicles | 26,379 | 13,383 |
| Capital work in progress | - | - |
| Total fixed assets | 299,318 | 134,369 |
The latest Government Valuations by the Valuation Department of land and improvements are:
| Land | Improvements | Total | |
|---|---|---|---|
| 1 September 1995 | 307,368 | 556,951 | 864,319 |
The Directors accept that government valuations provide a fair value for the land and buildings.
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VUW Te Waharoa —
NZ Gazette 1997, No 119
NZLII —
NZ Gazette 1997, No 119
β¨ LLM interpretation of page content
π
Notes to the Special Purpose Financial Statements
(continued from previous page)
π Trade, Customs & Industry8 September 1997
Financial Statements, Fixed Assets, Land, Buildings, Infrastructure, Valuation