Financial Statements Continuation




2368 NEW ZEALAND GAZETTE No. 92

The value of transactions owing at balance date were as follows:

□ Electricity Invercargill Limited Line Business owes PowerNet Limited Other Business $410,000 (2002: $813,000).

□ PowerNet Limited’s Line Business owes Electricity Invercargill Limited Other Business Nil (2002: Nil).

No related party debts have been written off or forgiven during 2003 or 2002.

  1. Annual Valuation Reconciliation Report
31 March 2003 $000 31 March 2002 $000
System fixed assets at ODV – end of previous financial year 37,750 36,437
Less recalibration of system fixed assets - (1,343)
Revised system fixed assets – end of previous financial year 37,750 35,094
Add system fixed assets acquired during year at ODV 1,611 2,622
Less system fixed assets disposed of during year at ODV (131) (547)
Less depreciation on system fixed assets at ODV (1,470) (1,372)
Add revaluations of system fixed assets - 1,953
System fixed assets at ODV – end of the financial year 37,760 37,750


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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2003, No 92


Gazette.govt.nz PDF NZ Gazette 2003, No 92





✨ LLM interpretation of page content

🏭 Electricity Information Disclosure for Invercargill Limited (continued from previous page)

🏭 Trade, Customs & Industry
24 July 2003
Electricity, Financial Statements, Related Party Transactions, Annual Valuation Reconciliation Report, Fixed Assets, Depreciation, Revaluations