New Zealand Gazette – 1999 – No. 92

Page 2181

✨ Financial Statements



9 AUGUST NEW ZEALAND GAZETTE 2181

WAIPA POWER LIMITED - LINE BUSINESS

8 CREDITORS

Accounts payable and accruals - trade 497,893 1,975,655
Payroll Provisions (annual leave, holiday pay, etc.) 47,089 88,616
Payables to Directors 6,704 -
551,686 2,064,271

9 FIXED ASSETS

Freehold Land
Cost 1,610 2,272

Freehold Buildings
Cost 793,041 567,828
Accumulated Depreciation 134,761 76,239
Net Book Value 658,280 491,589

Reticulation Assets
Cost - additions since 1 April 1998 740,586 1,844,596
Valuation 43,011,008 42,663,322
Net Book Value 43,751,594 44,507,918

Motor Vehicles
Cost 122,917 1,376,814
Accumulated Depreciation 80,462 1,074,723
Net Book Value 42,455 302,091

Plant, Furniture and Fittings
Cost 1,452,012 361,573
Accumulated Depreciation 1,141,939 273,071
Net Book Value 310,073 88,502

Total Net Book Value 44,764,012 45,392,372

The Reticulation Assets were revalued by E W Graham, B.E. (Elect), F.I.P.E.N.Z. and PriceWaterhouseCoopers on 1 April 1998 to a value of $43,011,008 on a optimised depreciated replacement cost basis.

The fair value of Land and Buildings is assessed at $700,000 based on a valuation by Valuation New Zealand as at 1 September 1996.



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✨ LLM interpretation of page content

🏭 Notes to Financial Statements for Waipa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Accounting Policies, Net Surplus, Taxation, Share Capital, Financial Statements
  • E. W. Graham (B.E. (Elect), F.I.P.E.N.Z.), Revalued Reticulation Assets