New Zealand Gazette – 1997 – No. 133

Page 3126

✨ Financial Notes

3126 NEW ZEALAND GAZETTE No. 133

Note 5 Inventories

Network	Energy & Other	Network	Energy & Other
	1997		1996
	$000		$000
Line Construction Stock	624	782	-
Retail & Contracting Stock	556	-	580
Work in Progress	2	13	34
Total	626	569	816

Note 6 Assets

Line Assets as at 31 March 1995 were valued by KPMG Peat Marwick as ODV of $25,090,000. Subsequent additions are valued at cost less depreciation.

Note 7 Investments

The Disaster Reserve has been established to contribute towards the cost of a catastrophe on the line assets. The investments as at 31 March 1997 in Local Government stock re: CHB District Council Otane Water Supply Improvements and an investment in TransPower Finance Limited.

Network	Principal	Principal	Interest	Maturity
	1997	1996	Rate	Date
	$000	$000
CHB District Council	60	60	7.7%	1/6/99
TransPower Finance Ltd	31	31	8.0%	3/15/02
Housing New Zealand Limited	30	-	8.0%	3/15/02
Total Network Investments	121	91

| Energy & Other | | | | |
| EMCO Advance | 4 | | 11.7% | |

| Total Investments | 125 | 91 | | |

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VUW Te Waharoa — NZ Gazette 1997, No 133

NZLII — NZ Gazette 1997, No 133

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✨ LLM interpretation of page content

🏭 Notes to the Financial Accounts

Domain🏭 Trade, Customs & Industry
KeywordsInventories, Assets, Investments, Financial Accounts

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