✨ Financial Valuation Report
19 AUGUST NEW ZEALAND GAZETTE 2805
16 ANNUAL ODV VALUATION RECONCILIATION
| 2003 $ | 2002 $ | |
|---|---|---|
| System fixed assets at ODV – end of previous financial year | 33,707,196 | 68,663,315 |
| Add system fixed assets acquired during the year at ODV | 10,023,825 | 17,045,030 |
| Less system fixed assets disposed of during the year at ODV | (189,030) | (7,461) |
| Less depreciation on system fixed assets at ODV | (2,918,427) | (2,620,462) |
| Add revaluations of system fixed assets | 0 | 626,774 |
| System fixed assets at ODV – end of financial year | 90,623,564 | 33,707,196 |
The ODV valuation (31 March 2001) of $68,663,315 includes a valuation for distribution system inventory amounting to $1,854,868. In preparing these regulation financial statements inventory has been recorded at cost and not at the ODV valuation figure.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 106
Gazette.govt.nz —
NZ Gazette 2003, No 106
✨ LLM interpretation of page content
💰 Annual ODV Valuation Reconciliation
💰 Finance & RevenueValuation, Fixed assets, Financial year, Depreciation, Revaluation