Financial Statements




21 SEPTEMBER NEW ZEALAND GAZETTE

Notes to and Forming Part of the Financial Statements
For the Year Ended 31 March 1998

7. FIXED ASSETS

Fixed Assets as at 31 March 1998

Gas Distribution 1998 $000 Gas Retailing 1998 $000 Other 1998 $000
Land
Capital value 2,817
Buildings
Capital value 15 12,555
less Accumulated depreciation 1,460
15 11,095
Furniture and Fittings
Capital value 783 2,544
less Accumulated depreciation 372 1,842
411 702
Office Equipment
Capital value 1,444 16,750
less Accumulated depreciation 815 9,266
629 7,484
Motor Vehicles
Capital value 79 3,234
less Accumulated depreciation 45 2,334
34 900
Network Systems and Generation
Capital value 40,411 441,612
less Accumulated depreciation 12,418 163,561
27,993 278,051
Work in Progress
194 1,567

Total Fixed Assets | $29,308 | | $302,616 |



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🏭 Powerco Limited Gas Information Disclosure (continued from previous page)

🏭 Trade, Customs & Industry
20 August 1998
Gas, Information Disclosure, Regulations, Powerco Limited, Financial Statements, Certification, Fixed Assets