New Zealand Gazette – 1997 – No. 90

Page 2151

✨ Financial Statements Continuation



18 AUGUST NEW ZEALAND GAZETTE 2151

ALPINE ENERGY LIMITED
FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH THE
ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1994

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1997 (CONTINUED)

  1. GOODWILL

    Goodwill relates to the excess balance arising on the issue of shares for the carrying value of net assets transferred from Timaru Electricity and South Canterbury Electric Power Board.

    This goodwill is being written off in equal instalments over a five year period commencing 1st April 1994.

  2. FIXED ASSETS

    DISTRIBUTION SYSTEM 1997 Lines 1997 Other 1996 Lines 1996 Other
    Cost 2,072 - - -
    At Valuation 65,790 - 65,790 -
    Capital Work in Progress 1,991 - 791 -
    Less Accumulated Depreciation (2,293) - - -
    67,560 - 66,581 0
    VEHICLES & PLANT
    Cost 936 161 486 127
    Less Accumulated Depreciation (171) (110) (309) (98)
    765 51 177 29
    68,325 51 66,758 29

    Valuation of the Network Reticulation System

    Valuation of the Network Reticulation System is at net current value on an existing use basis, as at 31 March 1996, and was conducted by Joanna Sofield BMS(Hons) and Govind Saha PhD MBA, Partners of the firm Ernst & Young.



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✨ LLM interpretation of page content

🏭 Alpine Energy Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Electricity, Information Disclosure, Alpine Energy Limited, Accounting Policies, Taxation, Accounts Receivable, Goodwill, Fixed Assets, Financial Instruments, GST
  • Joanna Sofield (BMS(Hons)), Conducted valuation of Network Reticulation System
  • Govind Saha (PhD MBA), Conducted valuation of Network Reticulation System