✨ Financial Statements




5 NOVEMBER NEW ZEALAND GAZETTE 3931

BULLER ELECTRICITY LIMITED – LINE BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

| | Line Business |
| | 1999 $ | Note | 1998 $ |

8. Reserves

Share Premium Reserve 255,795 207,194
Revaluation Land and Buildings 189,351 99,673
Revaluation Distribution System 8,859,603 0
Revaluation Other Assets 34,050 0

                **9,338,799**           **306,867**

9. Fixed Assets

Land (at valuation) 8,222 8,222

Buildings (at valuation) 183,247 216,247
Accumulated Depreciation (7,071) (7,632)
176,176 208,615

Distribution System 13,544,520 7,301,956
Accumulated Depreciation (605,985) (3,214,571)
12,938,535 4,087,385

Metering & Load Control Equipment 295,077 642,814
Accumulated Depreciation (29,349) 305,751
265,728 337,063

Plant & Equipment (at cost) 110,930 3,055
Accumulated Depreciation (47,405) (1,922)
63,525 1,133

Customer Billing and Information Systems 109,988 34,149
Accumulated Depreciation (59,415) (16,232)
50,573 17,917

Motor Vehicles (at cost) 66,178 41,938
Accumulated Depreciation (17,906) (12,648)
48,272 29,290

Total Fixed Assets 13,551,031 4,689,625

The accompanying notes form part of these financial statements



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