New Zealand Gazette – 2004 – No. 172

Page 4322

✨ 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 2004 in accordance with the Handbook for Optimised Deprival Valuation of System Fixed Assets of Electricity Line Businesses - Commerce Commission 30 August 2004.

A reconciliation of movements in the ODV carrying value follows:

Lines Business 2004
$000

Total System fixed assets - end of the previous financial year 61,534
less System fixed assets work in progress 21
System fixed assets at ODRC - end of the previous financial year 61,513

Add land & buildings now included in System Fixed Assets 325

Add Fixed assets not classified as System Fixed Assets now part of ODRC 213
Plus revaluations of system fixed assets (FRS) 10,626
Add system fixed assets acquired during the year at ODV 2,276
Plus revaluation of system fixed assets at ODRC using 30 August 2004 ODV Handbook 332
Less depreciation on system fixed assets at ODV (2,134)

Equals system fixed assets at ODV - end of the financial year 73,151

VUW Te Waharoa — NZ Gazette 2004, No 172

Gazette.govt.nz — NZ Gazette 2004, No 172

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

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

Domain🏭 Trade, Customs & Industry
KeywordsReliability, Performance Measures, Interruptions, Faults, Energy Distribution

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