✨ Financial Reports
14 AUGUST
NEW ZEALAND GAZETTE
2741
Goods and Services Provided to Otago Power Services Limited were:
| 31 March 2002 $000 | 31 March 2001 $000 | |
|---|---|---|
| Interest on Advance | 4 | 6 |
| Rent | 5 | 4 |
| Lease Charges | 10 | 8 |
At year end $1,000 (2001 $5,000) was owing by Otago Power Services Limited.
No related party debts have been written off or forgiven during 2002 or 2001.
16. Annual Valuation Reconciliation Report
| 31 March 2002 $000 | 31 March 2001 $000 | |
|---|---|---|
| System fixed assets at ODV – end of the previous financial year | 56,246 | 55,382 |
| Less recalibration of system fixed assets | (3,543) | - |
| Revised system fixed assets – end of previous financial year | 52,703 | 1,201 |
| Add system fixed assets acquired during the year at ODV | 3,330 | - |
| Less system fixed assets disposed of during the year at ODV | (2,593) | (2,553) |
| Add revaluations of system fixed assets | - | 2,216 |
| System fixed assets at ODV – end of the financial year | 53,440 | 56,246 |
17. Events Subsequent to Balance Date
On 13 June 2002 Otago Power Limited sold the network assets (including all property, plant and equipment and the shares in Otago Power Services Limited) for $109,000,000. As part of the same transaction, the liabilities relating to the site restoration costs referred to in Note 9 have been assigned to the purchaser.
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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
✨ LLM interpretation of page content
🏭
Otago Power Limited Financial Statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Instruments, Reconciliation, Cash Flows, Net Surplus, Taxation
🏭 Goods and Services Provided to Otago Power Services Limited
🏭 Trade, Customs & IndustryFinancial Transactions, Interest, Rent, Lease Charges, Otago Power Services Limited
🏭 Annual Valuation Reconciliation Report
🏭 Trade, Customs & IndustryValuation, Fixed Assets, ODV, Financial Year, Otago Power Limited
🏭 Events Subsequent to Balance Date
🏭 Trade, Customs & IndustryAsset Sale, Network Assets, Liabilities, Site Restoration, Otago Power Limited