✨ Financial Report of Waipa Power Limited
5 AUGUST
NEW ZEALAND GAZETTE
WAIPA POWER LIMITED - LINE BUSINESS
| 1998 $ | 1997 $ | |
|---|---|---|
| FIXED ASSETS |
Reticulation Assets
Cost - additions since 1 April 1995
1,844,596 | 1,040,939
Valuation
42,663,322 | 42,663,322
44,507,918 | 43,704,261
Accumulated Depreciation
- | -
Net Book Value
44,507,918 | 43,704,261
Freehold Land
Cost
2,272 | 2,272
Freehold Buildings
Cost
567,828 | 575,389
Accumulated Depreciation
76,239 | 68,227
Net Book Value
491,589 | 507,162
Motor Vehicles
Cost
1,376,814 | 1,344,857
Accumulated Depreciation
1,074,723 | 1,043,753
Net Book Value
302,091 | 301,104
Plant, Furniture and Fittings
Cost
361,573 | 350,781
Accumulated Depreciation
273,071 | 248,462
Net Book Value
88,502 | 102,319
Total Net Book Value
45,392,372 | 44,617,118
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 1998, No 106
NZLII —
NZ Gazette 1998, No 106
✨ LLM interpretation of page content
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Accounting Policies of Waipa Power Limited
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🏭 Trade, Customs & IndustryFinancial Report, Fixed Assets, Reticulation, Valuation, Depreciation, Waipa Power Limited
- E. W. Graham, Revalued Reticulation Assets