✨ Financial Statements
22 AUGUST
NEW ZEALAND GAZETTE
2969
WEL NETWORKS LIMITED
Line Business
2003 2002
($000s) ($000s)
7 Fixed Assets
Freehold Land and Buildings
Land At cost 67 67
At valuation 996 996
Buildings At valuation 1,111 1,111
2,174 2,174
Accumulated depreciation
At valuation (67) (33)
Net book value 2,107 2,141
Vehicles
Cost 377 408
Accumulated depreciation (121) (147)
Net book value 256 261
Furniture, Plant and Equipment
Cost 11,304 10,250
Accumulated depreciation (9,067) (7,742)
Net book value 2,237 2,508
Distribution System
Cost 16,642 9,874
Valuation 154,133 154,133
170,775 164,007
Accumulated depreciation values
Cost (1,923) (1,434)
Valuation (8,940) (4,470)
Net book value 159,912 158,103
Total before assets under construction
164,512 163,013
Capital assets under construction
Consumer billing & information system assets
1,776 1,507
Other fixed assets
Cost 1,355 1,355
Accumulated depreciation (556) (515)
Net book value 799 840
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 112
Gazette.govt.nz —
NZ Gazette 2003, No 112
✨ LLM interpretation of page content
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Fixed Assets of WEL Networks Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFixed Assets, Financial Statements, Land, Buildings, Vehicles, Furniture, Distribution System, WEL Networks Limited