New Zealand Gazette – 1998 – No. 108

Page 2672

✨ Financial Valuation Report

2672 NEW ZEALAND GAZETTE No. 108

Optimised Deprival Valuation (ODV) of Reticulation Assets

	31.03.98 $\'000	31.03.97 $\'000
Opening ODV Valuation	46,558	46,558
Movements in ODV Valuation	4,774	—
Closing ODV Valuation	51,332	46,558
Net Book Value of Reticulation Assets at time of valuation	22,109	14,425
ODV Valuation exceeds initial Net Asset Value by:	29,223	32,133

The ODV Valuation was undertaken by Ernst & Young as at 31 March 1998 in accordance with the ODV Handbook. While the ODV Valuation has not been used as the basis for valuing the Reticulation Assets in the Financial statements, it has been used for the purposes of calculating the Financial measures pursuant to Regulation 13 and Part 11 of the First Schedule of the Electricity (Information Disclosure) Regulations 1994.

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VUW Te Waharoa — NZ Gazette 1998, No 108

NZLII — NZ Gazette 1998, No 108

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

🏭 Central Electric Limited Financial Performance (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Central Electric Limited, Optimised Deprival Valuation, Reticulation Assets, Ernst & Young, Electricity (Information Disclosure) Regulations 1994
👩‍💼 Officials

Ernst & Young

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