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New Zealand Gazette – 1998 – No. 167

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✨ Financial Statements

NEW ZEALAND GAZETTE

No. 167

TRANSALTA NEW ZEALAND LIMITED

Notes to and forming part of the Financial Statements (Continued)
For the Year Ended 31 March 1998

Note: 8 Fixed and Long Term Assets

Distribution

	31-Mar-98			31-Mar-97
	Cost / Current Value	Accumulated depreciation and amortisation	Net Book Value	Cost / Current Value	Accumulated depreciation and amortisation	Net Book Value
	$000	$000	$000	$000	$000	$000
Network assets at valuation
Gas distribution	54,925	1,199	53,726	55,189	983	54,206
Capital work in progress	1,172	-	1,172	-	-	-
	56,097	1,199	54,898	55,189	983	54,206

| Other assets at cost | | | | | | |
| Other fixed assets | 1,057 | 330 | 727 | 795 | 154 | 641 |
| | 1,057 | 330 | 727 | 795 | 154 | 641 |

| Total Fixed and long Term Assets | 57,154 | 1,529 | 55,625 | 55,984 | 1,137 | 54,847 |

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

Retail

	31-Mar-98			31-Mar-97
	Cost / Current Value	Accumulated depreciation and amortisation	Net Book Value	Cost / Current Value	Accumulated depreciation and amortisation	Net Book Value
	$000	$000	$000	$000	$000	$000
Other assets at cost
Other fixed assets	616	163	453	315	75	240
Capital work in progress	57	-	57	-	-	-
Total Fixed and long Term Assets	673	163	510	315	75	240

The information disclosed in the 1998 Information Disclosure package issued by TransAlta New Zealand Limited has been prepared solely for the purposes of the Gas (Information Disclosure) Regulations 1997.

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

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VUW Te Waharoa — NZ Gazette 1998, No 167

NZLII — NZ Gazette 1998, No 167

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✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
Dated28 August 1998
KeywordsFinancial Statements, Gas, Information Disclosure, TransAlta New Zealand Limited, Taxation, Share Capital, Capital Notes

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