✨ Electricity Financial Disclosure
29 AUGUST NEW ZEALAND GAZETTE 2719
The Southland Electric Power Supply Consumer Trust, which owns 100% of the shares in The Power Company Limited, is a related party. During the year expenses are paid out on behalf of the Trust, at 31 March 2001 these totalled $80,000 (2000 $118,000). A dividend has not been provided for in these accounts (2000 $118,000).
The value of transactions owing at balance date were as follows:
The Power Company Limited Line Business owes PowerNet Limited Other Business $1,120,000 (2000 $296,000).
PowerNet Limited’s Line Business owes The Power Company Limited Other Business $3,000 (2000 $3,000).
No related party debts have been written off or forgiven during 2001 or 2000.
- ANNUAL VALUATION RECONCILIATION REPORT
| 31 March 2001 | 31 March 2000 | |
|---|---|---|
| $000 | $000 | |
| System fixed assets at ODV – end of the previous financial year | 143,941 | 142,913 |
| Add system fixed assets acquired during the year at ODV | 4,031 | 6,054 |
| Less system fixed assets disposed of during the year at ODV | (1,945) | (454) |
| Less depreciation on system fixed assets at ODV | (4,605) | (4,572) |
| Add revaluations of system fixed assets | 30,842 | - |
| System fixed assets at ODV – end of the financial year | 172,264 | 143,941 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 106
Gazette.govt.nz —
NZ Gazette 2001, No 106
✨ LLM interpretation of page content
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Electricity Information Disclosure by The Power Company Limited
(continued from previous page)
🏭 Trade, Customs & IndustryElectricity, Financial Statements, Related Parties, Line Business, Other Business, The Power Company Limited, PowerNet Limited, Financial Transactions
🏭 Annual Valuation Reconciliation Report for Electricity Assets
🏭 Trade, Customs & IndustryElectricity, Valuation Report, System Fixed Assets, Depreciation, Revaluations