New Zealand Gazette – 1998 – No. 123

Page 2968

✨ Financial Statements



KING COUNTRY ENERGY LIMITED AND SUBSIDIARY

NOTES TO THE ANNUAL FINANCIAL STATEMENTS PREPARED IN ACCORDANCE

WITH THE ELECTRICITY INFORMATION DISCLOSURE REGULATIONS 1994

FOR THE YEAR ENDED 31 MARCH 1998

Note Lines Business 1997/1998 Energy Business 1997/1998 Generation Business 1997/1998 Lines Business 1996/1997 Energy Business 1996/1997 Lines Business 1995/1996 Energy Business 1995/1996

11. FIXED ASSETS

Distribution Equipment

  • Cost
    17,390,540

  • Less Accumulated Depreciation
    (8,199,860)

  • Book Value
    9,190,680

    1997/1998 1996/1997 1995/1996
    Cost 17,390,540 16,486,138 15,521,278
    Less Accum. Depreciation (8,199,860) (7,506,762) (6,857,781)
    Book Value 9,190,680 8,979,376 8,663,497

Generation Equipment

  • Cost Plant and Machinery

  • Valuation Land and Buildings

    1997/1998 1996/1997 1995/1996
    Cost Plant and Machinery - 21,830,250 1,778,495
    Valuation Land and Buildings 265,000 265,000 265,000
    Total Cost/Valuation 22,095,250 2,043,495 1,631,306
    Less Accumulated Depreciation (759,665) (379,339) (322,197)
    Book Value 21,335,585 1,664,156 1,309,109

Land

  • Cost

  • Valuation

  • Book Value

    Lines Business Energy Business Generation Business Lines Business Energy Business Lines Business Energy Business
    1997/1998 1997/1998 1997/1998 1996/1997 1996/1997 1995/1996 1995/1996
    Cost 8,536 385 300,060 8,536 445 10,020 445
    Valuation 254,945 14,615 1,940 272,945 16,555 295,845 16,555
    Book Value 263,481 15,000 302,000 281,481 17,000 305,865 17,000

Buildings

  • Cost

  • Valuation

  • Less Accumulated Depreciation

  • Book Value

    Lines Business Energy Business Generation Business Lines Business Energy Business Lines Business Energy Business
    1997/1998 1997/1998 1997/1998 1996/1997 1996/1997 1995/1996 1995/1996
    Cost 35,063 - 1,224,000 8,409 - 38,833 -
    Valuation 701,000 65,000 10,000 730,000 75,000 851,371 74,800
    Total Cost/Valuation 736,063 65,000 1,234,000 738,409 75,000 890,204 74,800
    Less Accumulated Depreciation (24,685) (1,536) (16,415) (10,214) (751) (68,404) (3,550)
    Book Value 711,378 63,464 1,217,585 728,195 74,249 821,800 71,250

Motor Vehicles

  • Cost

  • Less Accumulated Depreciation

  • Book Value

    Lines Business Energy Business Generation Business Lines Business Energy Business Lines Business Energy Business
    1997/1998 1997/1998 1997/1998 1996/1997 1996/1997 1995/1996 1995/1996
    Cost 814,675 29,545 70,237 778,628 89,453 776,969 61,514
    Less Accumulated Depreciation (473,542) (17,438) (27,277) (493,879) (50,997) (471,957) (37,855)
    Book Value 341,133 12,107 42,960 284,749 38,456 305,012 23,659

THE NEW ZEALAND GAZETTE

No. 123



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✨ LLM interpretation of page content

🏭 King Country Energy Limited Financial Performance (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Fixed Assets, Distribution Equipment, Generation Equipment, Land, Buildings, Motor Vehicles