β¨ Financial Statements
NEW ZEALAND GAZETTE
11 SEPTEMBER
Wairarapa Electricity Limited and Subsidiary Companies
Notes to the Financial Statements
10) Fixed Assets
Fixed assets with their costs and accumulated depreciation are:
| Line Business | Energy and Other Business | Line Business | Energy and Other Business | |
|---|---|---|---|---|
| 1998 | ||||
| 000's | 1998 | |||
| 000's | 1997 | |||
| 000's | 1997 | |||
| 000's |
Freehold land and improvements
- at Cost | 70 | 43 | 107 | 6 |
- at Directors' Valuation | - | 738 | - | 2,058 |
| | 70 | 781 | 107 | 2,064 |
Buildings
- at Cost | 354 | 218 | 742 | 50 |
- at Directors' Valuation | - | 307 | - | 791 |
less Accumulated Depreciation | (163) | (116) | (367) | (27) |
| | 191 | 409 | 375 | 814 |
Distribution System
- at Cost | 324 | - | 86 | - |
- at Independent Valuation | 64,278 | - | 60,117 | - |
| | 64,602 | - | 60,203 | - |
Generation Work in Progress
| | - | 8,393 | - | 8,392 |
less Accumulated Depreciation | - | (1,001) | - | (594) |
| | - | 7,392 | - | 7,798 |
Plant and Equipment
| | 1,499 | 479 | 1,392 | 481 |
less Accumulated Depreciation | (1,142) | (304) | (1,030) | (277) |
| | 357 | 175 | 362 | 204 |
Motor Vehicles
| | 228 | 1,759 | 231 | 1,434 |
less Accumulated Depreciation | (167) | (899) | (163) | (756) |
| | 61 | 860 | 68 | 678 |
Capital Work in Progress
| | 33 | - | 73 | - |
Total Fixed Assets
| | 65,314 | 9,617 | 61,188 | 11,558 |
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VUW Te Waharoa —
NZ Gazette 1998, No 142
NZLII —
NZ Gazette 1998, No 142
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Wairarapa Electricity Limited Financial Statements
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