New Zealand Gazette – 2003 – No. 98

Page 2592

✨ Financial Statements

Buller Electricity Limited

Line Business Financial Statements

	2003	2002
	$	$
Motor Vehicles
Cost	38,973	38,973
Accumulated Depreciation	(26,574)	(21,312)
Net Book Value	12,399	17,661

| Other | | | | |
| Cost | 48,239 | | 67,905 | |
| Accumulated Depreciation | (45,513) | | (58,940) | |
| Net Book Value | 2,726 | | 8,965 | |

| Total Net Book Value | 13,729,376 | | 13,344,680 | |

The Distribution System Assets were revalued as at 31 March 2001 by A C Consulting Group Limited under the comprehensive audit carried out by the Commerce Commission to a value of $13,120,880 on an optimised depreciated replacement cost basis. Land and Buildings were revalued by Coast Valuation Limited on 31 March 2001.

5 SEGMENTAL REPORTING

Buller Electricity operates predominantly in one industry, distribution of electricity. All operations are carried out within New Zealand and are therefore within one geographical segment for reporting purposes.

6 RELATED PARTIES

The related parties of Buller Electricity Limited are the Buller Electric Power Trust, Buller Energy Limited and Buller Communications Limited. All the above mentioned companies are incorporated in New Zealand.

(i) Buller Electricity Limited is 100% owned by the Buller Electric Power Trust. During the year the company:

paid the Trust $240,000 as a dividend relating to the previous years provision

(ii) Buller Electricity Limited purchased line construction services at cost from its contracting division for the period 1 April 2002 to 31 March 2003. Buller Electricity Limited purchased maintenance services at cost plus a margin from its contracting division for the period 1 April 2002 to 31 March 2003. At year end there was an outstanding balance for related parties of $254,024. No debts were written off or forgiven during the year.

	2003	2002
	$	$
Construction of subtransmission assets	9,692	12,992
Construction of zone substations	406,489	0
Construction of distribution lines and cables	128,412	122,745
Construction of medium voltage switchgear	133,999	24,071
Construction of distribution transformers	48,337	26,511
Construction of distribution substations	10,335	16,316
Construction of low voltage reticulation	17,202	14,355
Construction of other system fixed assets	98,391	138,368
Maintenance of assets	824,205	808,171
Consumer connections and disconnections	2,393	1,441
Other Services	228	5,953

VUW Te Waharoa — NZ Gazette 2003, No 98

Gazette.govt.nz — NZ Gazette 2003, No 98

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏗️ Buller Electricity Limited Financial Statements (continued from previous page)

Domain🏗️ Infrastructure & Public Works
KeywordsElectricity, Financial Statements, Assets, Depreciation, Related Parties, Segmental Reporting

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.

New Zealand Gazette Index