✨ Financial Statements
NEW ZEALAND GAZETTE, No. 164
15 DECEMBER 2004
WAIPA NETWORKS LIMITED - LINES BUSINESS
| 2004 | 2003 | |
|---|---|---|
| $ | $ |
9 FIXED ASSETS
Freehold Land
Cost
1,610 1,610
Freehold Buildings
Cost
895,861 895,861
Accumulated Depreciation
182,521 170,824
Net Book Value
713,340 725,037
Reticulation Assets
Cost - additions since 1 April 2001
5,509,032 3,641,763
Valuation
44,944,031 44,944,031
Total Cost/Valuation
50,453,063 48,585,794
Accumulated Depreciation at cost
195,505 75,075
Accumulated Depreciation at valuation
3,370,802 2,247,202
Net Book Value
46,886,756 46,263,517
Motor Vehicles
Cost
176,654 152,406
Accumulated Depreciation
96,085 109,227
Net Book Value
80,569 43,179
Plant, Furniture and Fittings
Cost
1,149,856 1,105,243
Accumulated Depreciation
1,024,980 953,182
Net Book Value
124,876 152,061
Total Net Book Value
47,807,151 47,185,404
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 2004, No 164
Gazette.govt.nz —
NZ Gazette 2004, No 164
✨ LLM interpretation of page content
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Financial Statements of Waipa Networks Limited
(continued from previous page)
🏭 Trade, Customs & Industry2 December 2004
Financial statements, Waipa Networks Limited, Fixed Assets, Freehold Land, Freehold Buildings, Reticulation Assets, Motor Vehicles, Plant, Furniture and Fittings
- E. W. Graham, Valuation of Reticulation Assets