New Zealand Gazette – 1998 – No. 149

Page 3607

✨ Financial Statements Notes



18 SEPTEMBER NEW ZEALAND GAZETTE 3607

Note 4 : Fixed Assets

1997 AS AT 31 MARCH 1998
Book Cost or Accumulated Book
Value Revaluation Depreciation Value
$000 $000 $000 $000

75,910 Line Business 76,145 2,553 73,592
2,809 Buildings 3,027 158 2,869
932 Land 932 - 932
115 Plant 160 59 101

  •    Motor Vehicles  128                49                 79

    29 Furniture 40 16 24
    53 Capital Work in Progress 128 - 128

    79,848 80,560 2,835 77,725

40,156 Generation Business: 41,720 1,981 39,739
14,639 Dams 15,206 720 14,486
10,615 Plant 12,700 1,384 11,316
1,157 Land 1,162 - 1,162
362 Lines and Meters 400 48 352

66,929 71,188 4,133 67,055

3,370 Contracting Business: 4,630 1,598 3,032
587 Meters and Relays 910 344 566
284 Motor Vehicles 1,507 860 647
46 Furniture 68 29 39

  •    Capital Work in Progress  -                  -                  -

    4,287 7,115 2,831 4,284

Note 5 : Term Liabilities

Term liabilities for the Line and Contracting Businesses are for employee gratuities that are not payable until after 31 March 1998.

Term liabilities for the Generation Business at 31 March 1998 is a term loan with Dunedin City Treasury Ltd which is secured by a first debenture over Waipori Power Generation Ltd assets.

Note 6 : Commitments

As 31 March 1998, the following expenditure commitments existed:

  • For the Line Business, capital expenditure contracted for was $457,000.
  • For the Generating and Contracting Businesses, there were no commitments.


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✨ LLM interpretation of page content

🏭 Certification of Financial Statements for Dunedin Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
26 June 1998
Financial Statements, Certification, Dunedin Electricity Limited, Electricity Regulations