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New Zealand Gazette – 1998 – No. 145

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✨ Financial Statements

3506 NEW ZEALAND GAZETTE No. 145

BULLER ELECTRICITY LIMITED

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

| | Line Business | | Other Business |
| | 1998 | 1997 | Note | 1998 | 1997 |

4. Fixed Assets

Land (at valuation)

                | 8,222     | 79,222    |       | 178,314   | 97,000    |

Buildings (at valuation)

                | 216,247   | 538,406   |       | 667,000   | 343,000   |

Accumulated Depreciation
| 7,632 | 320 | | 13,710 | - |
| 208,615 | 538,086 | | 653,290 | 343,000 |

Distribution System (at cost)

                | 7,259,934 | 6,711,299|        | -     | -     |

Accumulated Depreciation
| 3,214,571 | 2,930,026| | - | - |
| 4,045,363 | 3,781,273| | - | - |

Metering & Load Control Equipment (at cost)

                | 642,814   | 1,403,084|        | 907,979   | -     |

Accumulated Depreciation
| 305,751 | 474,463 | | 271,492 | - |
| 337,063 | 928,621 | | 636,487 | - |

Plant & Equipment (at cost)

                | 3,055     | 254,601   |       | 450,001   | 181,446   |

Accumulated Depreciation
| 1,922 | 165,237 | | 311,844 | 130,911 |
| 1,133 | 89,364 | | 138,157 | 50,535 |

Computer Equipment (at cost)

                | 34,149    | 46,510    |       | 169,570   | 130,311   |

Accumulated Depreciation
| 16,232 | 23,772 | | 125,483 | 92,271 |
| 17,917 | 22,738 | | 44,087 | 38,040 |

Motor Vehicles (at cost)

                | 41,938        | 470,900   |       | 507,108   | 71,300        |

Accumulated Depreciation
| 12,648 | 297,238 | | 277,597 | 24,403 |
| 29,290 | 173,662 | | 229,511 | 46,897 |

                | 4,647,603 | 5,612,966 |       | 1,879,846 | 575,472   |

Reallocated Non Core Assets

                | -         | (1,219,807)|      | -     | 1,219,807 |

Total Fixed Assets

                | 4,647,603 | 4,393,159 |       | 1,879,846 | 1,795,279 |

During the 1998 financial year non core Line Business fixed assets amounting to $1,219,807 were reallocated to other business units. Accordingly the 1997 comparative figures in Note 4 and the Statement of Financial Position have been altered to reflect this movement.

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VUW Te Waharoa — NZ Gazette 1998, No 145

NZLII — NZ Gazette 1998, No 145

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

🏭 Buller Electricity Limited Financial Position Statement (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated21 August 1998
KeywordsFinancial Position, Shareholders Equity, Assets, Liabilities, Buller Electricity Limited

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