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New Zealand Gazette – 1999 – No. 190

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✨ Financial Statements

10 DECEMBER

NEW ZEALAND GAZETTE

4519

TRANSPOWER NEW ZEALAND LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1999

10. FIXED ASSETS

	LINES BUSINESS Valuation 1999 $000	GROUP Valuation 1998 $000
Infrastructure asset
Transmission lines	833,846	852,433

| Non-infrastructure assets | | |
| Freehold land | 43,402 | 37,227 |
| Freehold buildings | 42,488 | 49,936 |
| Substations | 783,690 | 798,243 |
| HVDC link | 57,693 | 81,219 |
| HVDC leased assets | 281,526 | 327,067 |
| Communications | 47,936 | 65,390 |
| Administration assets | 27,121 | 31,674 |
| Capital work in progress | 76,245 | 51,515 |
| Total non-infrastructure assets | 1,360,101 | 1,442,271 |
| Total fixed assets | 2,193,947 | 2,294,704 |

Administration assets include plant, equipment, furniture and motor vehicles.

The fixed assets of the Lines Business were valued at 30 June in accordance with the ODV methodology. The valuation was completed by Transpower, and independently reviewed by L.E.K Consulting Pty. as valuation experts.

Electricity regulations additional disclosures

	$000
Motor vehicles	880
Office equipment	317
Customer billing and information assets	211
Capital work in progress - substations	56,573
Capital work in progress - lines and cables	2,491
Capital work in progress - other	17,181

Transpower line business system fixed assets have been valued at $2,089 million.

Related party transactions

Annual capital work in progress expenditure with:

Entity	$000
ECNZ	167
BCL	5
Total	172

Previous year total:

	$000
	55

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VUW Te Waharoa — NZ Gazette 1999, No 190

NZLII — NZ Gazette 1999, No 190

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Information Disclosure (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Revenue, Transmission Services, Related Party Transactions, Electricity Regulations

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