✨ Financial Statements
2634 NEW ZEALAND GAZETTE
No. 110ALPINE ENERGY LIMITED
FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1999
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1999 (CONTINUED)
5. ACCOUNTS RECEIVABLE
| 1999 | 1998 | |
|---|---|---|
| $'000 | $'000 | |
| The balance of Accounts Receivable comprises: | ||
| Trade Receivables | 4,765 | 839 |
| Due by Shareholder District Councils | - | 113 |
| Total | 4,765 | 952 |
6. FIXED ASSETS
DISTRIBUTION SYSTEM
| 1999 | 1998 | |
|---|---|---|
| $'000 | $'000 | |
| Cost | - | 6,701 |
| At Valuation | 69,723 | 65,790 |
| Capital Work in Progress | 1,582 | 3,290 |
| Less Accumulated Depreciation | (4,596) | |
| 71,305 | 71,185 |
VEHICLES & PLANT
| 1999 | 1998 | |
|---|---|---|
| $'000 | $'000 | |
| Cost | 1,210 | 1,125 |
| Less Accumulated Depreciation | (549) | (653) |
| 661 | 472 |
| Total | 71,966| 71,657|
Valuation of the Network Reticulation System
Valuation of the Network Reticulation System is at net current value on an existing use basis, as at 31 March 1999, and was conducted by Mr Bruce Gemmell, partner of the firm KPMG, Christchurch.
7. GOODWILL
Goodwill relates to the excess balance arising on the issue of shares for the carrying value of net assets transferred from Timaru Electricity and South Canterbury Electric Power Board.
This goodwill is being written off in equal instalments over a five year period commencing 1st April 1994.
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VUW Te Waharoa —
NZ Gazette 1999, No 110
NZLII —
NZ Gazette 1999, No 110
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Alpine Energy Limited Financial Statements
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🏭 Trade, Customs & IndustryElectricity, Financial Performance, Accounts Receivable, Fixed Assets, Goodwill, Alpine Energy Limited
- Bruce Gemmell (Mr), Conducted valuation of Network Reticulation System