New Zealand Gazette – 1998 – No. 123

Page 2970

✨ 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

12. DEVELOPMENT COSTS CAPITALISED

			Generation Business		Energy Business		Energy Business
	1997/1998		1997/1998	1996/1997	1996/1997	1995/1996	1995/1996
-Cost	-	-	268,173	-	133,959	-	28,826
-Valuation	-	-	-	-	-	-	828,613
			268,173		133,959		857,439

| Opening Cost | - | - | 133,959 | - | 857,439 | - | 973,736 |
| Plus Additions | - | - | 145,988 | - | 124,604 | - | 68,307 |
| Less Writeoffs | - | - | 279,947 | - | 982,043 | - | 1,042,043 |
| Less Transfer to Fixed Assets | - | - | (11,774) | - | (848,084) | - | (156,605) |
| Balance | - | - | 268,173 | - | 133,959 | - | 857,439 |

Development Costs relate to Kuratau Upgrade and Resource Consent Application.

THE NEW ZEALAND GAZETTE

No. 123

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VUW Te Waharoa — NZ Gazette 1998, No 123

NZLII — NZ Gazette 1998, No 123

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Development Costs, Capitalised Costs, Kuratau Upgrade, Resource Consent Application

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