✨ 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 PDF NZ Gazette 2000, No 83


Gazette.govt.nz PDF NZ Gazette 2000, No 83





✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
31 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