✨ Financial Statements
NEW ZEALAND GAZETTE
No. 112
WEL NETWORKS LIMITED
| Line Business | 2003 ($000s) | 2002 ($000s) |
|---|---|---|
Fixed Assets (continued)
Reconciliation to annual valuation reconciliation report
Distribution System net book value above
| 159,912 | 158,103 |
add system assets included in ODV valuation classified as Land & Buildings and Furniture, Plant and Equipment:
Land & Buildings net book value
| | 1,419 | 1,431 |
Furniture, Plant and Equipment net book value
| | 432 | 727 |
System fixed assets at ODV in reconciliation report
| | 161,763 | 160,261 |
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 (included as part of the distribution system)
| | 1,210 | 1,246 |
8 Current liabilities
Bank overdraft & short term borrowings
| | 3,447 | -
Trade creditors
| | 3,260 | 3,033 |
Customer deposits
| | - | -
Provision for annual and long service leave
| | 187 | 171 |
Provision for dividend
| | - | 3,633 |
Provision for tax
| | 1,071 | -
Other current liabilities
| | 201 | 474 |
Total current liabilities
| | 8,166 | 7,311 |
9 Non-current Liabilities
Payables and accruals
| | - | -
Borrowings
| | - | -
Deferred tax
| | 9,779 | 9,068 |
Other non-current liabilities
| | - | -
Total non-current liabilities
| | 9,779 | 9,068 |
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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