New Zealand Gazette – 1998 – No. 168

Page 4011

✨ Financial Statements and Valuations



5 OCTOBER

NEW ZEALAND GAZETTE

4011

12 FIXED ASSETS

12.1 TABLE OF FIXED ASSETS

As at 31 March 1998 As at 31 March 1997
Network Operations Generation Business Energy Trading and Other Network Operations
$ $ $ $
Land 1,201,588 40,205 461,678
Buildings 3,954,341 3,897,199
less Depreciation 915,676 846,958
3,038,665 3,050,241
Generation Assets 29,073,923
less Depreciation 9,410,741
19,663,182
Reticulation System 22,216,289 20,518,054
less Depreciation 8,967,668 7,879,946
13,248,621 12,638,108
Plant and Equipment 1,295,238 118,544 934,351 1,235,410
less Depreciation 918,871 59,096 623,046 816,872
376,367 59,448 311,305 418,538
Motor Vehicles 385,645 969,369 359,156
less Depreciation 288,587 685,317 252,946
97,058 284,052 106,210
Totals 17,962,299 19,762,835 595,357 16,674,775

12.2 VALUATION

The latest Government valuations for land and improvements dated September 1996 and September 1997 show the following values.

Land Improvements
$ $
Hydro Electric Stations 1,225,500 18,102,500
Other Properties 1,583,100 3,822,300
Totals 2,808,600 21,924,800

13 CAPITAL CONTRIBUTIONS

Customer capital contributions totalling $32,750 (1997 $89,782) were credited against the cost of reticulation Network assets during the year. As at 31 March 1998 the accumulated value of such contributions credited to fixed assets was $2,061,474 (1997 $2,028,904).

14 CAPITAL COMMITMENTS

Total capital expenditure committed to but not recognised in the financial statements.

Year Ended 31 March 1998 Year Ended 31 March 1997
$ $
106,452 2,794,000

15 CONTINGENT LIABILITIES

There are no contingent liabilities as at 31 March 1998. (1997 nil)

16 FINANCIAL INSTRUMENTS

16.1 CREDIT RISK

Credit risk is the risk that an outside party will not be able to meet its obligations to the company. Financial instruments which potentially subject the company to concentrations of credit risk consist principally of cash deposits, short term deposits and trade receivables. The maximum credit risk is the book value of these financial instruments however, the company considers the risk of non-recovery of these amounts to be minimal.



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1998, No 168


NZLII — PDF NZ Gazette 1998, No 168




✨ LLM interpretation of page content

🏭 Marlborough Electric Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
11 September 1998
Electricity, Financial Statements, Accounting Policies, GST, Income Tax, Depreciation, Marlborough Electric Limited

🏭 Fixed Assets Table

🏭 Trade, Customs & Industry
Fixed Assets, Land, Buildings, Generation Assets, Reticulation System, Plant and Equipment, Motor Vehicles, Depreciation, Financial Data

🏭 Valuation of Land and Improvements

🏭 Trade, Customs & Industry
Valuation, Land, Improvements, Hydro Electric Stations, Other Properties, Financial Data

🏭 Capital Contributions

🏭 Trade, Customs & Industry
Capital Contributions, Reticulation Network, Financial Data

🏭 Capital Commitments

🏭 Trade, Customs & Industry
Capital Expenditure, Financial Commitments, Financial Data

🏭 Contingent Liabilities

🏭 Trade, Customs & Industry
Contingent Liabilities, Financial Data

🏭 Financial Instruments and Credit Risk

🏭 Trade, Customs & Industry
Financial Instruments, Credit Risk, Cash Deposits, Short Term Deposits, Trade Receivables, Financial Data