β¨ Financial Statements
3478
NEW ZEALAND GAZETTE
No. 145
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1999
Lines Business
1999
1998
- 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 β 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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VUW Te Waharoa —
NZ Gazette 1999, No 145
NZLII —
NZ Gazette 1999, No 145
β¨ LLM interpretation of page content
π
Statement of Accounting Policies for King Country Energy Limited
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Revenue, Expenses, Discontinued Activities, Line Rental, Interest, Capital Contributions, Operating Expenses, Transmission Charges, Asset Maintenance, Depreciation, Corporate Administration