✨ Financial Statements
3172
NEW ZEALAND GAZETTE
No. 118
WEL NETWORKS LIMITED
Fixed Assets (continued)
Distribution System
Cost 9,874 -
Valuation 154,133 154,133
164,007 154,133Accumulated depreciation values
Cost (1,434) -
Valuation (4,470) -
Net book value 158,103 154,133
Total before assets under construction 163,013 159,854
Capital assets under construction 1,507 419
Consumer billing & information system assets - -
Other fixed assets
Cost 1,355 1,355
Accumulated depreciation (515) (475)
Net book value 840 880
Total net book value 165,360 161,153
Land and Buildings were revalued on 31 March 2001 by Knight Frank Limited Registered Valuers.
The distribution system was revalued on 31 March 2001 by Sinclair Knight Merz (NZ) Limited (trading as Leyland Consultants).
Other fixed assets represent the amount paid to Hamilton City Council in 1989 for the use of substations buildings. This amount is being depreciated over a period of 33 years.
Centralised load control equipment 1,246 1,283
(included as part of the distribution system)
8 Current liabilities
Bank overdraft & short term borrowings - -
Trade creditors 3,033 3,520
Provision for annual and long
service leave 171 196
Provision for dividend 3,633 3,382
Provision for tax - -
Other current liabilities 474 414
7,311 7,512Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 118
Gazette.govt.nz —
NZ Gazette 2002, No 118
✨ LLM interpretation of page content
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WEL Networks Limited Notes to the Financial Statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial statements, Fixed assets, Distribution system, Land, Buildings, Valuation, Depreciation