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New Zealand Gazette – 1997 – No. 165

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✨ Financial Statements

3912 NEW ZEALAND GAZETTE No. 165

TRANSPOWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1997

10. FIXED ASSETS

	Valuation 1997 $000	Valuation 1996 $000

Infrastructure asset
Transmission lines | 1,090,458 | 1,128,308

Non infrastructure assets
Freehold land | 33,358 | 25,336
Freehold buildings | 54,016 | 52,774
Substations | 993,943 | 931,579
HVDC link | 156,534 | 173,894
HVDC leased assets | 336,726 | 355,020
Communications | 104,062 | 109,171
Minor assets | 35,757 | 13,860
Capital work in progress | 48,512 | 88,619
Total Non Infrastructure Assets | 1,762,908 | 1,750,253
Total Fixed Assets | 2,853,366 | 2,878,561

Minor assets include plant, equipment, furniture, and motor vehicles.

As at 30 June 1997 all fixed assets have been revalued in accordance with the Optimised Deprival Valuation (ODV) methodology. The valuation was carried out by Ernst & Young.

Related Party Transactions

Annual capital work in progress expenditure with:

	1997 $000	1996 $000
ECNZ Group	3,547	4,104
Works Consultancy Services	21	651
BCL	18	33
Total	3,586	4,788n

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VUW Te Waharoa — NZ Gazette 1997, No 165

NZLII — NZ Gazette 1997, No 165

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsInvestments, Financial Statements, Transpower New Zealand Limited, Fixed Assets, Valuation, Related Party Transactions

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