β¨ Financial Statements
NEW ZEALAND GAZETTE
No. 83
WAIPA NETWORKS LIMITED - LINES BUSINESS
| 2000 $ | 1999 $ |
|---|
8 CREDITORS
Accounts payable and accruals - trade
615,265 ... 497,893
Employee entitlements
68,770 ... 47,089
Payables to Directors
6,229 ... 6,704
Total Creditors
690,264 ... 551,686
9 FIXED ASSETS
Freehold Land
Cost
1,610 ... 1,610
Freehold Buildings
Cost
794,751 ... 793,041
Accumulated Depreciation
142,700 ... 134,761
Net Book Value
652,051 ... 658,280
Reticulation Assets
Cost - additions since 1 April 1998
1,856,964 ... 740,586
Valuation
43,011,008 ... 43,011,008
Total Cost/Valuation
44,869,972 ... 43,751,594
Accumulated Depreciation at cost
47,785 ... -
Accumulated Depreciation at valuation
1,075,275 ... -
Net Book Value
43,746,912 ... 43,751,594
Motor Vehicles
Cost
183,270 ... 122,917
Accumulated Depreciation
91,478 ... 80,462
Net Book Value
91,794 ... 42,455
Plant, Furniture and Fittings
Cost
1,542,703 ... 1,452,012
Accumulated Depreciation
1,269,420 ... 1,141,939
Net Book Value
273,283 ... 310,073
Total Net Book Value
44,765,650 ... 44,764,012
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 an optimised depreciated replacement cost basis.
The fair value of Land and Buildings is assessed at $700,000 based on a valuation by Quotable Value New Zealand as at 1 September 1999 for GV purposes.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 83
Gazette.govt.nz —
NZ Gazette 2000, No 83
β¨ LLM interpretation of page content
π
Notes to Financial Statements for Waipa Networks Limited
(continued from previous page)
π Trade, Customs & Industry31 March 2000
Financial Statements, Reserves, Retained Earnings, Receivables, Waipa Networks Limited
- E W Graham (B.E. (Elect), F.I.P.E.N.Z.), Revalued Reticulation Assets