New Zealand Gazette – 2001 – No. 82

Page 1984

✨ Financial Statements Details



1984

NEW ZEALAND GAZETTE

No. 82

Capital work in progress included in fixed assets at balance date is as follows:

| | 2001
$000’s | 2000
$000’s |
|----------------|------------------------|-----------------------|
| Capital works under construction (part of system fixed assets) | 14,014 | 9,759 |
| Land and buildings | 102 | 212 |
| | 14,116 | 9,971 |

Revaluation

The Company’s electricity distribution system was revalued to net current value as at 31 March 2000. The valuation, on an optimised deprival value basis, was certified by independent valuers, Ernst and Young. Land, buildings and other equipment were revalued to net current value as at 31 March 2000 by the registered valuers, Ernst and Young.

Depreciation has been applied to the revalued assets for the year ended 31 March 2001 in accordance with the company’s accounting policies.

The Company performed a revaluation of its electricity distribution system at 31 March 2001, in accordance with the revised ODV Handbook issued by the Ministry of Economic Development in 2000. This revaluation has not been incorporated in these financial statements, but has been used with the accompanying regulatory financial performance measures as required.

8. ACCOUNTS PAYABLE AND ACCRUALS

A summary of accounts payable and accruals is as follows:

| | 2001
$000’s | 2000
$000’s |
|------------------------|----------------------------|--------------------------|
| Trade creditors | 11,687 | 11,554 |
| Accruals | 10,286 | 9,323 |
| Employee entitlements | 1,167 | 1,174 |
| Dividends payable | - | - |
| Income tax payable | - | - |
| | 23,140 | 22,051 |

9. NON-CURRENT LIABILITIES

Non-current liabilities are as follows:

| | 2001
$000’s | 2000
$000’s |
|---------------------|-----------------------------|-------------------------|
| Payables and accruals | - | - |
| Borrowings | - | - |
| Deferred tax | 32,995 | - |
| Other | - | - |
| | 32,995 | - |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 82


Gazette.govt.nz — PDF NZ Gazette 2001, No 82




✨ LLM interpretation of page content

🏭 Fixed Assets Details for Orion New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
6 August 2001
Fixed Assets, Valuation, Depreciation, Financial Statements

🏭 Revaluation of Electricity Distribution System

🏭 Trade, Customs & Industry
Revaluation, Depreciation, Electricity Distribution, Financial Statements

🏭 Accounts Payable and Accruals Summary

🏭 Trade, Customs & Industry
Accounts Payable, Accruals, Trade Creditors, Financial Statements

🏭 Non-Current Liabilities Summary

🏭 Trade, Customs & Industry
Non-Current Liabilities, Deferred Tax, Financial Statements