New Zealand Gazette – 2001 – No. 104

Page 2659

✨ Financial Statements Notes



28 AUGUST NEW ZEALAND GAZETTE 2659

2.5 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (continued)

2001 2000
($000) ($000)

7 RESERVES

Revaluation reserve

  • Opening balance 324,161 384,991
  • Transfer arising from disposal of fixed assets - (47,438)
  • Revaluation in respect of additions during the period (1,803) (1,030)
  • Revaluation to ODV 8,457 (12,362)
  • Transfer to retained earnings (12,982) -
  • Closing balance 317,833 324,161

Other reserves

  • Opening balance 66,678 66,678
  • Closing balance 66,678 66,678

Total reserves 384,511 390,839

8 RETAINED EARNINGS

  • Opening balance 45,233 16,580
  • Effect of sale of subsidiary - (7,522)
  • Transfer from revaluation reserve 12,982 -
  • Dividends (47,082) (32,256)
  • Transferred from statement of financial performance 79,450 68,431
  • Closing balance 90,583 45,233

9 ACCOUNTS PAYABLE

  • Trade and other creditors 43,230 32,013
  • Employee entitlements 208 401
  • Expenditure provision - 2,020
  • Interest payable 6,528 7,502
  • Total 49,966 41,936

10 FIXED ASSETS

At cost At valuation Accum deprn Net carrying value
($000) ($000) ($000) ($000)

2001

  • Freehold land 119 - - 119
  • Freehold buildings 9,598 1,037,001 1,847 7,751
  • Distribution system - 1,037,001 - 1,037,001
  • Plant, vehicles and equipment 43,498 - 25,087 18,411
  • Capital work in progress 28,260 - - 28,260
  • Total 81,475 1,037,001 26,934 1,091,542

2000

  • Freehold land 98 - - 98
  • Freehold buildings 7,419 1,005,300 1,256 6,163
  • Distribution system - 1,005,300 - 1,005,300
  • Plant, vehicles and equipment 32,247 - 14,995 17,252
  • Capital work in progress 30,244 - - 30,244
  • Total 70,008 1,005,300 16,251 1,059,057


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 104


Gazette.govt.nz — PDF NZ Gazette 2001, No 104




✨ LLM interpretation of page content

🏭 Notes to Financial Statements for UnitedNetworks (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Reserves, Retained Earnings, Accounts Payable, Fixed Assets