New Zealand Gazette – 1999 – No. 129

Page 3114

✨ Financial Statements Notes



3114 NEW ZEALAND GAZETTE No. 129

Notes to and Forming Part of the Financial Statements
For the Year Ended 31 March 1999

6 COMMERCIAL PAPER FACILITY

The company established a commercial paper facility in December 1997 with ANZ Investment Bank, Bank of New Zealand and WestpacTrust. This is a 90 day rolling facility with a maximum amount of $200 million.

7 FIXED ASSETS

Fixed Assets as at 31 March 1999

Line 1999 $000 Line 1998 $000
Land
Capital value 2,751 2,329
Buildings
Capital value 10,607 10,177
less Accumulated depreciation 1,434 1,298
9,172 8,879
Furniture and Fittings
Capital value 2,334 2,507
less Accumulated depreciation 1,832 1,822
502 685
Office Equipment
Capital value 16,122 16,153
less Accumulated depreciation 9,876 9,108
6,245 7,045
Motor Vehicles
Capital value 3,898 3,226
less Accumulated depreciation 2,417 2,329
1,481 897
Network Systems
Capital value 441,391 359,410
less Accumulated depreciation 193,469 161,308
247,922 198,102
Work in Progress 610 1,231
Intangible Assets
Capital value 31,897
less Accumulated depreciation 321
31,576
Total Fixed Assets $300,260 $219,168


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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Powerco Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Commercial Paper, Fixed Assets, Land, Buildings, Furniture, Fittings, Office Equipment, Motor Vehicles, Network Systems, Work in Progress, Intangible Assets, Powerco Limited