New Zealand Gazette – 1998 – No. 165

Page 3963

✨ Financial Statements



2 OCTOBER NEW ZEALAND GAZETTE 3963

TRANSALTA NEW ZEALAND LIMITED

Notes to and forming part of the Financial Statements (Continued)

For the Year Ended 31 March 1998

Note: 9 Fixed and Long Term Assets

Line Business

31-Mar-98 31-Mar-97
Cost / Current Value Accumulated Cost / Current Value Accumulated
$000 depreciation and $000 depreciation and
amortisation amortisation
$000 $000
------------------------ ------------------------- -------------------- ------------------------- --------------------
Network assets at
valuation
Electricity distribution - 345,521 12,242 319,738
Capital work in progress 8,598 - 8,598 6,205
354,119 12,242 341,877 325,943
------------------------ ------------------------- -------------------- ------------------------- --------------------
Other assets at cost
Other fixed assets 7,748 2,418 5,330 5,202
7,748 2,418 5,330 5,202
------------------------ ------------------------- -------------------- ------------------------- --------------------
Total Fixed and Long
Term Assets 361,867 14,660 347,207 331,145

The last independent valuation of Network assets was completed effective 1 April 1997. Price Waterhouse certified the valuation of the electricity network as appropriate for inclusion in the financial statements. All subsequent additions are at cost.

Capital work in progress includes $242,000 of interest capitalised during the year.

Energy Business

31-Mar-98 31-Mar-97
Cost / Current Value Accumulated Cost / Current Value Accumulated
$000 depreciation and $000 depreciation and
amortisation amortisation
$000 $000
------------------------ ------------------------- -------------------- ------------------------- --------------------
Other assets at cost
Energy supply asset 45,000 1,687 43,313 45,000
Other fixed assets 4,372 1,108 3,264 5,595
Capital work in progress 420 - 420
Total Fixed and Long
Term Assets 49,792 2,795 46,997 50,595

The information disclosed in the 1998 Information Disclosure package issued by TransAlta New Zealand Limited has been prepared solely for the purposes of the Electricity (Information Disclosure) Regulations 1994.

The information should not be used for any other purpose than that intended under the regulations.



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✨ LLM interpretation of page content

🏭 Financial Statements of TransAlta New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
28 August 1998
Financial Statements, Fixed Assets, Long Term Assets, Energy Business, Electricity Distribution