New Zealand Gazette – 2000 – No. 98

Page 2469

✨ Financial Reconciliation Report

21 AUGUST NEW ZEALAND GAZETTE 2469

Regulation 16A

Annual ODV Reconciliation Report (all figures in $000’s)

Year ending	1998	1999	2000
System fixed assets at ODV - end of previous year	477,567	477,987	448,457
Add system fixed assets acquired during the year at ODV¹	14,064	14,156	15,426
Less system fixed assets disposed of during the year at ODV	(262)	(30,215)	(551)
Less depreciation on system fixed assets at ODV²	(16,456)	(15,405)	(15,404)
Add revaluations of system fixed assets	3,074	1,934	(50,015)
Equals system fixed assets at ODV - end of the financial year	477,987	448,457	397,913

Spares of $1,240,000 have been incorporated in the 31 March 2000 result. They are included in the fixed assets acquired category.
Depreciation is based on the 1997 ODV revaluation and asset life assumptions. Following the revaluation in 2000, annual depreciation is forecast to be approximately $14.5m as disclosed in Orion’s Valuation Report dated 23 May 2000.

VUW Te Waharoa — NZ Gazette 2000, No 98

Gazette.govt.nz — NZ Gazette 2000, No 98

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✨ LLM interpretation of page content

💰 Disclosure of financial and efficiency performance measures by line owners (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial performance, Efficiency performance, Electricity, Information Disclosure, Orion

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