✨ Financial Statements
19 SEPTEMBER
NEW ZEALAND GAZETTE
WAIPA POWER LIMITED - LINE BUSINESS
9 FIXED ASSETS
| 1997 | 1996 | |
|---|---|---|
| $ | $ |
Reticulation Assets
Cost - additions since 1 April 1995
- 1,040,939 | 583,872
Valuation
- 42,663,322 | 42,663,322
Total Cost
- 43,704,261 | 43,247,194
Accumulated Depreciation
-
- | -
Net Book Value
- 43,704,261 | 43,247,194
Freehold Land
Cost
- 2,272 | 93,443
Freehold Buildings
Cost
- 575,389 | 1,536,367
Accumulated Depreciation
- 68,227 | 160,674
Net Book Value
- 507,162 | 1,375,693
Motor Vehicles
Cost
- 1,344,857 | 1,444,048
Accumulated Depreciation
- 1,043,753 | 1,052,600
Net Book Value
- 301,104 | 391,448
Plant, Furniture and Fittings
Cost
- 350,781 | 390,811
Accumulated Depreciation
- 248,462 | 258,582
Net Book Value
- 102,319 | 132,229
Total Net Book Value
- 44,617,118 | 45,240,007
The Reticulation Assets were revalued by E W Graham, B.E. (Elect), F.I.P.E.N.Z., Coopers & Lybrand and Worley Consultants Limited on 1 April 1995 to a value of $42,663,322 on an optimised depreciated replacement cost basis.
Assets constructed by the company are capitalised at direct cost plus a proportion of indirect overheads. Such expenditure includes:
i) any building of new lines in unreticulated areas.
ii) the incremental cost of providing additional capacity in previously reticulated areas.
iii) the provision of new transformers.
iv) new substation work and enhancements to existing substations.
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VUW Te Waharoa —
NZ Gazette 1997, No 134
NZLII —
NZ Gazette 1997, No 134
✨ LLM interpretation of page content
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Financial Statements of Waipa Power Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Fixed Assets, Reticulation Assets, Freehold Land, Freehold Buildings, Motor Vehicles, Plant, Furniture and Fittings, Net Book Value, Waipa Power Limited
- E. W. Graham, Revalued Reticulation Assets