New Zealand Gazette – 2003 – No. 90

Page 2348

✨ Financial Reconciliation



ODV RECONCILIATION

Fixed Assets (see Note 9 of the financial statements) incorporate Distribution System fixed assets valued on the basis of ODV, revalued every three years in these accounts. This year distribution assets were revalued as at 31 March 2000 in accordance with the fourth edition of the Handbook for Optimised Deprival Value for System Fixed Assets of Electricity Line Businesses. A reconciliation of movements in the ODV carrying value follows:

Lines Business

2003

$000

System fixed assets at ODV - end of the previous financial year
63,993

Add Land and Buildings at ODV - end of the previous financial year
428

Less revaluations of system fixed assets

Add system fixed assets acquired during the year at ODV
1,429

Less system fixed assets disposed of during the year at ODV

Less depreciation on system fixed assets at ODV
(2,114)

Less Assets transferred to "Other" interests *
(1,724)

Less ODV of distribution system land and buildings classified separately in Note 9 of the financial statements
(428)

Electricity system fixed assets at ODV - end of the financial year
61,534

*This amount represents the cost of assets which are not part of the core lines business (Note 16)



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 90


Gazette.govt.nz — PDF NZ Gazette 2003, No 90




✨ LLM interpretation of page content

🏭 Reliability Performance Measures for Horizon Energy Distribution Limited (continued from previous page)

🏭 Trade, Customs & Industry
Energy Distribution, Interruptions, Faults, Performance Measures, Electricity, Reliability

💰 ODV Reconciliation for Distribution System Fixed Assets

💰 Finance & Revenue
Fixed Assets, ODV, Reconciliation, Financial Statements, Electricity Line Businesses