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New Zealand Gazette – 2001 – No. 163

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✨ Financial Statements

NEW ZEALAND GAZETTE

No. 163

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued

FOR THE YEAR ENDED 30 JUNE 2001

9. FIXED ASSETS

LINES BUSINESS Valuation 2001 $000	LINES BUSINESS Valuation 2000 $000

Infrastructure asset

Transmission lines | 860,614 | 852,152 |

Non infrastructure assets

Freehold land | 45,403 | 44,967 |
Freehold buildings | 33,364 | 42,071 |
Substations | 779,642 | 803,701 |
HVDC link | 47,356 | 58,705 |
HVDC leased assets | 240,105 | 284,470 |
Communications | 45,491 | 46,825 |
Administration assets | 16,866 | 20,630 |
Capital work in progress | 78,258 | 69,605 |
Total non infrastructure assets | 1,286,485 | 1,371,075 |
Total fixed assets | 2,029,099 | 2,193,227 |

Administration assets include plant, equipment, furniture and motor vehicles.

The fixed assets of the Lines Business were valued at 30 June 2001 in accordance with the ODV methodology. The valuation was completed by Transpower, and independently reviewed by L.E.K Consulting Pty Ltd as valuation experts.

Electricity regulations additional disclosures:

	$000	$000
Motor vehicles	50	805
Office equipment	254	412
Customer billing and information assets	113	289

Capital work in progress - substations | 47,539 | 41,390 |
Capital work in progress - lines and cables | 3,675 | 2,838 |
Capital work in progress - other | 27,044 | 25,368 |
| 78,258 | 69,605 |

Transpower lines business system (fixed assets) have been valued at $1,979 million (2000: $2,090 million).

Related party transactions

Annual capital work in progress expenditure with:

BCL | 12 |
| 12 | 5

VUW Te Waharoa — NZ Gazette 2001, No 163

Gazette.govt.nz — NZ Gazette 2001, No 163

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Lines Business Financial Position (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Fixed Assets, Valuation, Infrastructure, Non-Infrastructure, Capital Work in Progress

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