New Zealand Gazette – 2003 – No. 93

Page 2400

✨ Financial Report Extract

2400 NEW ZEALAND GAZETTE No. 93

Counties Power Line Business paid $4,000 (2002 $15,000) in valuation and consultancy fees to Meritec Limited, a subsidiary of Meritec Group Limited of which Mr. J.W. Wilson was a Director. There was no balance outstanding at balance date (2002 $4,000). This payment related to the amount outstanding at 31 March 2002 for services undertaken on normal commercial terms. Mr. Wilson was not involved in them.

16. OPTIMISED DEPRIVAL VALUE VALUATION

The ODV valuation of Counties Power Limited Line Business Distribution System assets was calculated at $83,966,707 at 31 March 2001 by Meritec Limited. This valuation, updated for movements to 31 March 2003, has been used as the basis for calculation of financial performance measures.

VUW Te Waharoa — NZ Gazette 2003, No 93

Gazette.govt.nz — NZ Gazette 2003, No 93

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✨ LLM interpretation of page content

💰 Related Party Transactions and Valuation Details

Domain💰 Finance & Revenue
KeywordsRelated Party Transactions, Valuation Fees, Consultancy, ODV Valuation, Financial Performance
👱🏽 Names

J.W. Wilson (Mr.), Director of Meritec Group Limited

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