✨ Financial Statements
3174 NEW ZEALAND GAZETTE No. 136
CENTRALPOWER LIMITED
Line Business and Electricity Retailing
Notes to the Financial Statements (cont.)
For the Year Ended 31 March 1997
5. Fixed Assets
| Line Business $000 | Electricity Retailing $000 | |
|---|---|---|
| Net Book Value | Net Book Value | |
| Freehold land and buildings | 3,700 | 3,735 |
| Network | 127,257 | - |
| Other Fixed Assets | 3,430 | 1,136 |
| Total | 134,387 | 4,871 |
Fixed Assets are classified as follows:
| Line Business $000 | Electricity Retailing $000 | |
|---|---|---|
| Current fixed assets | 667 | 3 |
| Non-current fixed assets | 133,720 | 4,868 |
| Total | 134,387 | 4,871 |
Current fixed assets represent Land and buildings owned by CentralPower Limited which the Company intends to realise. These properties are valued at the lower of cost or valuation.
Valuations
Freehold non-current land and buildings have been revalued and are stated at net current value as determined by an independent registered valuer Mr G J Blackmore (FNZIV), of the firm Blackmore and Associates Limited, as at 31 March 1997.
Network lines and equipment have been revalued and are stated at net current value as determined by Worley Consultants, registered valuers, and Mr G R W France, of the firm Coopers & Lybrand, as at 31 March 1997.
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VUW Te Waharoa —
NZ Gazette 1997, No 135
NZLII —
NZ Gazette 1997, No 135
✨ LLM interpretation of page content
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CentralPower Limited Financial Statements
(continued from previous page)
🌾 Primary Industries & ResourcesElectricity, Financial Statements, Line Business, Electricity Retailing, Fixed Assets, Valuations
- G. J. Blackmore, Valuer of freehold non-current land and buildings
- G. R. W. France, Valuer of network lines and equipment