β¨ Financial Statements
5 NOVEMBER NEW ZEALAND GAZETTE 3931
BULLER ELECTRICITY LIMITED β 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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VUW Te Waharoa —
NZ Gazette 1999, No 164
NZLII —
NZ Gazette 1999, No 164
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Buller Electricity Limited Financial Statements
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π Trade, Customs & IndustryFinancial Statements, Reserves, Fixed Assets, Buller Electricity Limited