New Zealand Gazette – 2002 – No. 113

Page 3023

✨ Financial Reconciliation



ODV RECONCILIATION

Fixed Assets (see Note 9 of the financial statements) incorporate Distribution System fixed assets valued on the basis of ODV, revalued every three years in these accounts. This year distribution assets were revalued as at 31 March 2000 in accordance with the fourth edition of the Handbook for Optimised Deprival Value for System Fixed Assets of Electricity Line Businesses. A reconciliation of movements in the ODV carrying value follows:

Lines Business
2002
$'000

  • System fixed assets at ODV - end of the previous financial year: 64,420

  • Add Land and Buildings at ODV - end of the previous financial year: 428

  • Less revaluations of system fixed assets: (5)

  • Equals total system fixed assets at ODV as at 31 March 2001as per addendum dated 14 March 2002: 64,843

  • Add system fixed assets acquired during the year at ODV: 1,737

  • Less system fixed assets disposed of during the year at ODV: -

  • Less depreciation on system fixed assets at ODV: (2,156)

  • Less ODV of distribution system land and buildings classified separately in Note 9 of the financial statements: (428)

  • Equals system fixed assets at ODV - end of the financial year: 63,994



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 113


Gazette.govt.nz — PDF NZ Gazette 2002, No 113




✨ LLM interpretation of page content

🏗️ ODV Reconciliation for Horizon Energy Distribution Limited (continued from previous page)

🏗️ Infrastructure & Public Works
Financial Reconciliation, ODV, Fixed Assets, Distribution System, Electricity Line Businesses