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New Zealand Gazette – 1999 – No. 169

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✨ Financial Statements

4022 NEW ZEALAND GAZETTE No. 169

1999 $000 | 1998 $000

8 FIXED ASSETS

System fixed assets | 26,542 | 28,106
less accumulated depreciation | (13,125) | (13,926)
| 13,417 | 14,180

Centralised load control equipment | 573 |
less accumulated depreciation | (441) |
| 132 |

Customer billing and information system assets | 558 |
less accumulated depreciation | (405) |
| 153 |

Motor vehicles | 490 | 1,544
less accumulated depreciation | (243) | (885)
| 247 | 659

Office Equipment | 1,228 |
less accumulated depreciation | (839) |
| 389 |

Land & Buildings - at valuation | 1,315 | 3,421
Less accumulated depreciation | (3) | (13)
| 1,312 | 3,408

Plant, furniture & equipment - at cost | 1,050 | 2,667
less accumulated depreciation | (553) | (1,655)
| 497 | 1,012

Capital Works under construction:
Subtransmission assets | 0 |
Zone substation assets | 26 |
Distribution lines & cables | 0 |
Medium voltage switchgear | 0 |
Distribution transformers | 0 |
Distribution substations | 0 |
Low voltage lines & cables | 0 |
Other system fixed assets | 21 |
| 47 |

TOTAL FIXED ASSETS

at cost | 30,489 | 32,318
at valuations | 1,315 | 3,420
Sub-total | 31,804 | 35,738
less accumulated depreciation | (15,610) | (16,479)
Fixed Assets as at 31 March | 16,194 | 19,259

Freehold land and buildings were valued by Mr G H Kelso, ANZIV, Registered Valuer of Lewis and Wright, Gisborne, in March 1999 to their net current value on the basis of their existing use and in accordance with the Asset Valuation Standards of the New Zealand Institute of Valuers.

ACCOUNTS PAYABLE

Trade creditors | 738 | 1,211
Other accruals | 42 |
Customer deposits | 0 | 119
Total Accounts Payable | 780 | 1,330

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VUW Te Waharoa — NZ Gazette 1999, No 169

NZLII — NZ Gazette 1999, No 169

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

💰 Notes to Financial Statements of Eastland Network Limited (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Fixed Assets, Depreciation, Valuation, Accounts Payable, Eastland Network Limited, Gisborne
👱🏽 Names

G. H. Kelso, Valued freehold land and buildings

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