New Zealand Gazette – 2000 – No. 57

Page 1238

✨ Financial Statements



1238
NEW ZEALAND GAZETTE
No. 57

TRANSALTA NEW ZEALAND LIMITED
Notes to and forming part of the Financial
Statements (Continued)
For the Year Ended 31 March 1999

Note: 9 Current Liabilities

Distribution 31-Mar-99 $000 31-Mar-98 $000 Retail 31-Mar-99 $000 31-Mar-98 $000
Bank overdraft - - 5,925 -
Creditors - 824 1,118 1,422
Accrued interest - 1,784 - -
Provision for employee entitlements - 119 42 56
Total Current Liabilities - 2,727 7,085 1,478

Note: 10 Fixed and Long Term Assets

Distribution

Cost / Current Value $000 31-Mar-99 Accumulated depreciation and amortisation $000 Net Book Value $000 Cost / Current Value $000 31-Mar-98 Accumulated depreciation and amortisation $000 Net Book Value $000
Network assets at valuation
Gas distribution - - - 54,925 1,199 53,726
Capital work in progress - - - 1,172 - 1,172
56,097 1,199 54,898
Other assets at cost
Other fixed assets - - - 1,057 330 727
1,057 330 727
Total Fixed and long Term Assets - - - 57,154 1,529 55,625

The last independent valuation of Network assets was completed effective 1 April 1997. Price Waterhouse certified the valuation of the gas network as appropriate for inclusion in the financial statements. All subsequent additions are at cost.

Retail

Cost / Current Value $000 31-Mar-99 Accumulated depreciation and amortisation $000 Net Book Value $000 Cost / Current Value $000 31-Mar-98 Accumulated depreciation and amortisation $000 Net Book Value $000
Assets at valuation
Meters 4,572 175 4,397 - - -
4,572 175 4,397 - - -
Assets at cost
Other fixed assets 1,924 571 1,353 616 163 453
Capital work in progress 68 - 68 57 - 57
1,992 571 1,421 673 163 510
Total Fixed and long Term Assets 6,564 746 5,818 673 163 510

The information disclosed in the 1999 Information Disclosure package issued by TransAlta New Zealand Limited has been prepared solely for the purposes of the Gas (Information Disclosure) Regulations 1997.

The information should not be used for any other purpose than that intended under the regulations.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 57


Gazette.govt.nz — PDF NZ Gazette 2000, No 57




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🏭 Notes to Financial Statements for TransAlta New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Accounting Policies, Gas (Information Disclosure) Regulations, TransAlta New Zealand Limited