✨ Financial Statements
NEW ZEALAND GAZETTE
No. 79
WAIPA NETWORKS LIMITED - LINES BUSINESS
| 2003 $ | 2002 $ | |
|---|---|---|
| 9 FIXED ASSETS |
Freehold Land
Cost | 1,610 | 1,610 |
Freehold Buildings
Cost | 895,861 | 867,012 |
Accumulated Depreciation | 170,824 | 159,497 |
Net Book Value | 725,037 | 707,515 |
Reticulation Assets
Cost - additions since 1 April 2001 | 3,641,763 | 1,918,384 |
Valuation | 44,944,031 | 44,944,031 |
| | 48,585,794 | 46,862,415 |
Accumulated Depreciation at cost | 75,075 | 25,324 |
Accumulated Depreciation at valuation | 2,247,202 | 1,123,601 |
Net Book Value | 46,263,517 | 45,713,490 |
Motor Vehicles
Cost | 152,406 | 152,036 |
Accumulated Depreciation | 109,227 | 87,045 |
Net Book Value | 43,179 | 64,991 |
Plant, Furniture and Fittings
Cost | 1,105,243 | 1,026,719 |
Accumulated Depreciation | 953,182 | 867,290 |
Net Book Value | 152,061 | 159,429 |
Total Net Book Value | 47,185,404 | 46,647,035
The Reticulation Assets were revalued by E W Graham, B.E. (Elect), F.I.P.E.N.Z. and PriceWaterhouseCoopers on 31 March 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 2002 for GV purposes.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 79
Gazette.govt.nz —
NZ Gazette 2003, No 79
✨ LLM interpretation of page content
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Notes to Financial Statements for Waipa Networks Limited
(continued from previous page)
🏗️ Infrastructure & Public WorksFinancial Instruments, Employee Entitlements, Accounting Policies, Net Surplus, Financial Statements, Waipa Networks Limited
- E W Graham (B.E. (Elect), F.I.P.E.N.Z.), Valuation of Reticulation Assets