✨ Financial Statements




3478

NEW ZEALAND GAZETTE

No. 145

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1999

Lines Business

1999

1998

  1. PROPERTY, PLANT & EQUIPMENT

Distribution equipment

  • Cost

15,715,786

17,390,540

  • Less accumulated depreciation

(8,454,975)

(8,199,860)

Net book value

7,260,811

9,190,680

Centralised load control equipment

  • Cost

1,053,203

  • Less accumulated depreciation

(310,921)

Net book value

742,282

Customer billing & information system

  • Cost

274,216

  • Less accumulated depreciation

(180,166)

Net book value

94,050

Land & buildings

  • Land - cost

0

8,536

  • valuation

75,499

254,945

Book value

75,499

263,481

  • Buildings - cost

27,365

35,063

  • valuation

117,426

701,000

  • Less accumulated depreciation

(7,333)

(24,685)

Net book value

212,958

974,859

Land & buildings are valued at Government Valuations dated 1996 – 1998

Motor vehicles

  • Cost

34,388

814,675

  • Less accumulated depreciation

(14,214)

(473,542)

Net book value

20,174

341,133

Furniture, plant & equipment

  • Cost

229,597

1,434,784

  • Less accumulated depreciation

(183,611)

(915,216)

Net book value

45,986

519,568

Capital works under construction:

  • Subtransmission assets

0

  • Zone substations

0

  • Distribution lines and cables

0

  • Medium voltage switchgear

0

  • Distribution transformers

0

  • Distribution substations

0

  • Low voltage line and cables

0

  • Other system fixed assets

0

Other

0

Total fixed assets

8,376,261

11,026,240

Shown as:

  • Property, plant & equipment held for resale

8,185,825

  • Property, plant & equipment

190,436

11,026,240



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✨ LLM interpretation of page content

🏭 Statement of Accounting Policies for King Country Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Revenue, Expenses, Discontinued Activities, Line Rental, Interest, Capital Contributions, Operating Expenses, Transmission Charges, Asset Maintenance, Depreciation, Corporate Administration