New Zealand Gazette – 2000 – No. 162

Page 4221

✨ Financial Report



4 DECEMBER NEW ZEALAND GAZETTE 4221

TRANSPower NEW ZEALAND LIMITED LINES BUSINESS

ANNUAL VALUATION RECONCILIATION REPORT
YEAR ENDING 30 JUNE 2000

$ million

System Fixed Assets at ODV at 30 June 1999 2,089
Less reclassification to non system fixed assets 8
Add system fixed assets acquired during the year at ODV 83
Less system fixed assets disposed of during the year at ODV 10
Less depreciation on system fixed assets at ODV* 118
Add revaluations of system fixed assets 54
Equals system fixed assets at ODV at 30 June 2000 2,090

*Depreciation on system fixed assets at ODV includes the Long Run Average Cost of maintaining the transmission lines.

Reconciliation of the Transpower Lines Business's depreciation to the "depreciation on the system fixed assets at ODV".

Depreciation as per group accounts as at 30/06/00 91
plus Long Run Average cost** 43
Less depreciation on non system assets -16
118

**Long Run Average Cost (LRAC) is the cost for a year to maintain the current service potential of transmission line.
Therefore by its nature it is a proxy for the depreciation charge for the year.

Long Run Average Costs 43
Less Service Potential Adjustment -19
Life Extending Maintenance Expenditure 24

The $24 million Life Extending Maintenance is included in the system fixed assets acquired during the year at ODV*.



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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 Performance Measures (continued from previous page)

🏭 Trade, Customs & Industry
Financial Measures, Return on Equity, Return on Assets, Return on Investment, Efficiency Measures, Direct Line Costs, Electricity (Information Disclosures) Regulations 1999