✨ Financial Statements
2738 NEW ZEALAND GAZETTE No. 101
10. Property, Plant and Equipment
| Cost | Accumulated Depreciation | 31 March 2002 | 31 March 2001 | |
|---|---|---|---|---|
| $000 | $000 | $000 | $000 | |
| System Fixed Assets | 23,017 | 8,514 | 14,503 | 12,402 |
| Centralised Load Control | - | - | - | - |
| Consumer Billing and Information System | - | - | - | - |
| Assets | - | - | - | - |
| Motor Vehicles | - | - | - | - |
| Office Equipment | 54 | 42 | 12 | 17 |
| Land & Buildings | - | - | - | 893 |
| Plant & Equipment | 7 | 4 | 3 | 3 |
Total Property, Plant and Equipment | 23,078 | 8,560 | 14,518 | 13,315 |
Refer Note 15 for details of valuation of the system fixed assets.
11. Commitments
| 31 March 2002 | 31 March 2001 | |
|---|---|---|
| $000 | $000 |
Operating Lease Commitments:
Operating Lease Commitments are payable as follows:
- No later than one year | 11 | 20 |
- Later than one year and not later than two years | 5 | 14 |
- Later than two years and not later than five years | - | 5 |
Total Commitments | 16 | 39 |
12. Contingent Liabilities
Otago Power Limited has contingent liabilities in respect of guarantees given of $18,000 on performance related contracts of Otago Power Services Limited.
In relation to the provision for site restoration (refer Note 9), a contingent liability will exist for any shortfall in the provision as assessed.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 101
Gazette.govt.nz —
NZ Gazette 2002, No 101
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Otago Power Limited Financial Statements
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