New Zealand Gazette – 2001 – No. 163

Page 3999

✨ Annual Valuation Reconciliation Report



TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

ANNUAL VALUATION RECONCILIATION REPORT

YEAR ENDING 30 JUNE 2001

$ million

  • System fixed assets at ODV at 30 June 2000 2,090
  • Add system fixed assets acquired during the year at ODV 80
  • Less system fixed assets disposed of during the year at ODV 11
  • Less depreciation on system fixed assets at ODV* 121
  • Add revaluations of system fixed assets -59

Equals system fixed assets at ODV at 30 June 2001 1,979

*Depreciation on system fixed assets at ODV includes the Long Run Average Cost of maintaining the transmission lines.

Reconciliation of the Transpower Lines Business's depreciation to the "depreciation on the system fixed assets at ODV".

  • Depreciation on system fixed assets as per the Transpower Lines Business's financial statements 74
  • Plus Long Run Average cost** 47

Depreciation on system fixed assets at ODV 121

**Long Run Average Cost (LRAC) is the cost for a year to maintain the current service potential of transmission line. Therefore by its nature it is a proxy for the depreciation charge for the year.

  • Long Run Average Cost 47
  • Less Service Potential Adjustment 16

Life Extending Maintenance Expenditure 31

The $31 million Life Extending Maintenance is included in the "system fixed assets acquired during the year at ODV".



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 163


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




✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Financial Statements, Transfer Payments, Operating Expenditure, Assets, Equity