New Zealand Gazette – 2000 – No. 96

Page 2407

✨ Financial Statements

21 AUGUST NEW ZEALAND GAZETTE 2407

notes to and forming part of the financial statements CentralPower Limited

9. Capital Works Under Construction

	2000	1999
	$000's	$000's
Subtransmission assets (transfer payment)	543	631
Zone substations (transfer payment)	0	6
Distribution lines and cables (transfer payment)	79	155
Medium voltage switchgear (transfer payment)	2	0
Distribution transformers (transfer payment)	11	0
Distribution substations (transfer payment)	99	0
Low voltage lines and cables (transfer payment)	191	0
Other system fixed assets (transfer payment)	2	0
Other capital works under construction	530	1,757
	1,457	2,549

10. Intangible Assets

	2000
	$000's
Goodwill	0
Other intangibles	0
Total intangible assets	0

11. Annual Valuation Reconciliation Report

	2000
	$000's
System fixed assets at ODV – end of the previous financial year	129,506
Add system fixed assets acquired during the year at ODV	7,342
Less system fixed assets disposed of during the year at ODV	546
Less depreciation on system fixed assets at ODV	4,545
Add revaluation of system fixed assets at ODV	4,356
Equals system fixed assets at ODV – end of financial year	136,113

12. Related Parties

During the year the Company transacted with the following related parties:

Name of Related Party	Nature of Relationship	Type of Transactions	2000
			$000's
Energy Connections Limited	Subsidiary company	- Network reticulation asset maintenance charged by Energy Connections Limited	1,713
		- Network reticulation services charged by Energy Connections Limited	4,056
CentralPower Electricity Trust	Shareholder	- Grants	337
Tararua Wind Power Limited	Subsidiary company	- Operating costs charged by Tararua Wind Power Limited	668
Palmerston North City Council	Shareholder	- Electricity costs charged by CentralPower Limited	1,373

VUW Te Waharoa — NZ Gazette 2000, No 96

Gazette.govt.nz — NZ Gazette 2000, No 96

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✨ LLM interpretation of page content

🏭 Operating Surplus Before Taxation for the Year (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsOperating Revenue, Expenditure, Financial Performance, CentralPower Limited

🏭 Capital Works Under Construction

Domain🏭 Trade, Customs & Industry
KeywordsCapital Works, Construction, Financial Statements, CentralPower Limited

🏭 Intangible Assets

Domain🏭 Trade, Customs & Industry
KeywordsIntangible Assets, Financial Statements, CentralPower Limited

🏭 Annual Valuation Reconciliation Report

Domain🏭 Trade, Customs & Industry
KeywordsValuation, Reconciliation, Financial Statements, CentralPower Limited

🏭 Related Parties Transactions

Domain🏭 Trade, Customs & Industry
KeywordsRelated Parties, Transactions, Financial Statements, CentralPower Limited

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