New Zealand Gazette – 2000 – No. 97

Page 2443

✨ Annual Valuation Reconciliation Report

21 AUGUST NEW ZEALAND GAZETTE 2443

Annual Valuation Reconciliation Report

Fixed Assets (see Note 9 of the financial statements) incorporate Distribution System fixed assets valued on the basis of ODV, revalued every three years in these accounts. A reconciliation of movements in the ODV carrying value follows:

Lines Business
2000
$000

Year Ending 31 March 2000

System fixed assets at ODV – end of the previous financial year 64,473
Add system fixed assets acquired during the year at ODV 2,275
Less system fixed assets disposed of during the year at ODV -
Less depreciation on system fixed assets at ODV (2,008)
Add revaluations of system fixed assets 388
Equals system fixed assets at ODV - end of the financial year 65,128

Note: the above excludes Distribution System Land and Buildings, included under the heading Land and Buildings but not revalued in these accounts - at ODRC - depreciated value 436
Equals total system fixed assets at ODV - end of the financial year 65,564

VUW Te Waharoa — NZ Gazette 2000, No 97

Gazette.govt.nz — NZ Gazette 2000, No 97

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✨ LLM interpretation of page content

💰 Annual Valuation Reconciliation Report for Fixed Assets

Domain💰 Finance & Revenue
KeywordsValuation, Fixed Assets, ODV, Financial Statements, Distribution System

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