✨ Financial Statements Continuation
2716 NEW ZEALAND GAZETTE No. 110
CENTRALPOWER GROUP
Line Business and Electricity Retailing
Notes to and forming part of the Financial Statements (cont.)
For the Year Ended 31 March 1998
5. Fixed Assets
| Line Business $000 | Electricity Retailing $000 | |
|---|---|---|
| Net Book Value | Net Book Value | |
| Freehold land | 1,636 | 182 |
| Freehold buildings | 4,491 | 499 |
| Network | 135,401 | - |
| Other Fixed Assets | 1,753 | 7,677 |
| Total | 143,281 | 8,358 |
Fixed Assets are classified as follows:
| Line Business $000 | Electricity Retailing $000 | |
|---|---|---|
| Current fixed assets | 567 | 3 |
| Non-current fixed assets | 142,714 | 8,355 |
| Total | 143,281 | 8,358 |
Current fixed assets represent land and buildings formerly owned by Electra Power Limited which the Group 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 1998.
Network lines and equipment have been revalued and are stated at Optimal Deprival Value (ODV) as determined by Worley Consultants Limited, registered valuers, and Mr W M Cook, of the firm Coopers & Lybrand, as at 31 March 1998.
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VUW Te Waharoa —
NZ Gazette 1998, No 110
NZLII —
NZ Gazette 1998, No 110
✨ LLM interpretation of page content
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Financial Statements for CentralPower Group
(continued from previous page)
🏭 Trade, Customs & IndustryElectricity, Financial Statements, Line Business, Retailing, CentralPower Group, Fixed Assets, Valuations
- G. J. Blackmore, Independent registered valuer
- W. M. Cook, Valuer