✨ Financial Statements
NEW ZEALAND GAZETTE
No. 88
WAIPA NETWORKS LIMITED - LINES BUSINESS
| 2002 | 2001 | |
|---|---|---|
| $ | $ |
8 CREDITORS
Accounts payable and accruals - trade
2,122,551
614,633
Employee entitlements
66,293
64,744
Payables to Directors
364
Total Creditors
2,189,208
679,377
9 FIXED ASSETS
Freehold Land
Cost
1,610
1,610
Freehold Buildings
Cost
867,012
815,860
Accumulated Depreciation
159,497
151,010
Net Book Value
707,515
664,850
Reticulation Assets
Cost - additions since 1 April 2001
1,918,384
3,020,033
Valuation
44,944,031
43,011,008
Total Cost/Valuation
46,862,415
46,031,041
Accumulated Depreciation at cost
25,324
86,377
Accumulated Depreciation at valuation
1,123,601
2,150,550
Net Book Value
45,713,490
43,794,114
Motor Vehicles
Cost
152,036
150,825
Accumulated Depreciation
87,045
88,719
Net Book Value
64,991
62,106
Plant, Furniture and Fittings
Cost
1,026,719
1,571,987
Accumulated Depreciation
867,290
1,373,399
Net Book Value
159,429
198,588
Total Net Book Value
46,647,035
44,721,268
The Reticulation Assets were revalued by E W Graham, B.E. (Elect), F.I.P.E.N.Z. and PriceWaterhouseCoopers on 1 April 2001 to a value of $44,944,031 on an optimised depreciated replacement cost basis.
The fair value of Land and Buildings is assessed at $700,000 based on a valuation by Quotable Value New Zealand as at 1 September 1999 for GV purposes.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 88
Gazette.govt.nz —
NZ Gazette 2002, No 88
✨ LLM interpretation of page content
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Financial Statements of Waipa Networks Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Creditors, Fixed Assets, Waipa Networks Limited
- E W Graham, B.E. (Elect), F.I.P.E.N.Z.
- PriceWaterhouseCoopers
- Quotable Value New Zealand