New Zealand Gazette – 2000 – No. 162

Page 4202

✨ Financial Statements



4202 No. 162

NEW ZEALAND GAZETTE

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2000

9. FIXED ASSETS

LINES BUSINESS Valuation 2000 LINES BUSINESS Valuation 1999
$000 $000
Infrastructure asset
Transmission lines 822,152 833,046
Non-infrastructure assets
Freehold land 44,967 43,402
Freehold buildings 42,071 42,488
Substations 803,793 783,690
HVDC link 58,705 57,693
HVDC leased assets 284,479 281,526
Communications 46,825 47,936
Administration assets 20,630 27,121
Capital work in progress 69,605 76,245
Total non-infrastructure assets 1,371,075 1,360,101
Total fixed assets 2,193,227 2,193,947

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

2000 1999
Motor vehicles 805 880
Office equipment 412 317
Customer billing and information assets 289 211
Capital work in progress - substations 41,599 56,575
Capital work in progress - lines and cables 2,838 2,491
Capital work in progress - other 25,368 17,181
69,605 76,245

*Transpower line business system fixed assets have been valued at $2,690 million (1999: $2,089.5 million).

Related party transactions

Annual capital work in progress expenditure with:
ECNZ 167
BCL 5


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 162


Gazette.govt.nz — PDF NZ Gazette 2000, No 162




✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Fixed Assets, Valuation, Infrastructure, Non-infrastructure assets, Administration assets, Electricity regulations, Related party transactions