New Zealand Gazette – 2000 – No. 99

Page 2487

✨ Financial Statements Notes

21 AUGUST NEW ZEALAND GAZETTE 2487

NOTES TO THE FINANCIAL STATEMENTS

Fixed assets held for sale

Fixed assets held for sale at 31 March 2000 are as follows:

	Distribution 2000 $000's	Distribution 1999 $000's	Retail 2000 $000's	Retail 1999 $000's
Land and Buildings	6,750	-	-	-
Distribution network and equipment	261,881	-	723	-
Fixtures and fittings	6,410	-	112	-
Motor vehicles	696	-	31	-
Work in progress	4,263	-	-	-
Total	280,000	-	866	-

Significant events after balance date

Effective 1 April 2000, the Company sold its North Island gas networks and contracting activities to UnitedNetworks Limited for $550 million.

Effective 30 April 2000, the Company sold its industrial gas trading business to Contact Energy Limited for $10.2 million.

Both of these sales cease the Company’s operations in these sectors.

The resulting tax liability on depreciation recovered on the assets sold as part of these transactions is expected to be approximately $21.1 million.

The net surplus after tax on the sale of the above activities is estimated as follows:
- gas networks and contracting activities $181.9m
- industrial gas trading activities $5.3m.
These net surpluses will be reported in the financial statements for the Company in the year ended 31 March 2001.

VUW Te Waharoa — NZ Gazette 2000, No 99

Gazette.govt.nz — NZ Gazette 2000, No 99

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Fixed Assets, Significant Events, Gas Networks, Industrial Gas Trading

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.

New Zealand Gazette Index