✨ Financial Statements




4544 No. 193

NEW ZEALAND GAZETTE

TRANSPOWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1998

10. FIXED ASSETS

Valuation 1998 $000 Valuation 1997 $000
Infrastructure Asset
Transmission lines 852,433 1,090,458

| Non Infrastructure Assets | | |
| Freehold land | 28,991 | 33,358 |
| Freehold buildings | 49,936 | 54,016 |
| Substations | 821,799 | 993,943 |
| HVDC link | 81,219 | 123,448 |
| HVDC leased assets | 327,067 | 369,812 |
| Communications | 65,390 | 104,062 |
| Minor assets | 31,674 | 35,757 |
| Capital work in progress | 51,515 | 48,512 |
| Total Non Infrastructure Assets | 1,457,591 | 1,762,908 |
| Total Fixed Assets | 2,310,024 | 2,853,366 |

Minor assets include plant, equipment, furniture, and motor vehicles.

The fixed assets of the Group were revalued at 30 June in accordance with the Optimised Deprival Value methodology (ODV). The valuation was completed by Transpower, and independently reviewed by The LJE&K Partnership as valuation experts.

Related Party Transactions

Annual capital work in progress expenditure with:

1998 $000 1997 $000
ECNZ Group - 3,547
Works Consultancy Services - 21
BCL 55 18
55 3,586


Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa PDF NZ Gazette 1998, No 193


NZLII PDF NZ Gazette 1998, No 193





✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Fixed Assets, Valuation, Infrastructure, Financial Statements, Transpower