New Zealand Gazette – 1999 – No. 105

Page 2504

✨ Financial Statements



2504
NEW ZEALAND GAZETTE
No. 105

notes to and forming part of the financial statements
CentralPower Limited

  1. Fixed Assets
$000's
Freehold land 946
Freehold buildings 2,152
Network 129,269
Centralised load control equipment 241
Consumer billing and information systems 970
Motor vehicles 104
Office equipment 396
Plant 126
134,204

Fixed assets are classified as follows:

1999 $000's 1998 $000's
Current fixed assets 0 567
Non-current fixed assets 134,204 142,714
134,204 143,281
$000's
Subtransmission assets (transfer payment) 631
Zone substations (transfer payment) 6
Distribution lines and cables (transfer payment) 155
Medium voltage switchgear (transfer payment) 0
Distribution transformers (transfer payment) 0
Distribution substations (transfer payment) 0
Low voltage lines and cables 0
Other capital works under construction 1,757
2,549

Valuations

Freehold non-current land and buildings have been revalued and are stated at net current value as determined by an independent registered valuer Mr G J Blackmore (FNZIV), of the firm Blackmore and Associates Limited, as at 31 January 1999. Additions and disposals for the period 1 February 1999 to 31 March 1999 have been added to the valuation at cost. No depreciation has been calculated on the revalued network assets.

Network lines and equipment have been revalued and are stated at Optimal Deprival Value (ODV) as determined by Worley Consultants Limited, registered valuers, and Mr W M Cook, of the firm PricewaterhouseCoopers, as at 31 January 1999. No depreciation has been calculated on the revalued network assets.



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✨ LLM interpretation of page content

🏭 Financial Statements of CentralPower Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Instruments, Accounting Policies, Cost Allocation, Electricity Regulations, Financial Disclosure, Fixed Assets, Valuations
  • G J Blackmore (FNZIV), Independent registered valuer
  • W M Cook, Valuer from PricewaterhouseCoopers