New Zealand Gazette – 2005 – No. 101

Page 2411

✨ Financial Statements

1 JULY 2005
NEW ZEALAND GAZETTE, No. 101
2411

WAIPA NETWORKS LIMITED - LINES BUSINESS

9 PROPERTY, PLANT AND EQUIPMENT

	2005 $	2004 $
Freehold Land
Cost	1,610	1,610
Freehold Buildings
Cost	895,861	895,861
Accumulated Depreciation	193,788	182,521
Net Book Value	702,073	713,340
Reticulation Assets
Cost - additions since 1 April 2004	2,725,734	5,509,032
Valuation	56,540,820	44,944,031
	59,266,554	50,453,063
Accumulated Depreciation at cost	25,531	195,505
Accumulated Depreciation at valuation	1,413,521	3,370,802
Net Book Value	57,827,502	46,886,756
Motor Vehicles
Cost	166,594	176,654
Accumulated Depreciation	45,681	96,085
Net Book Value	120,913	80,569
Plant, Furniture and Fittings
Cost	1,209,258	1,149,856
Accumulated Depreciation	1,086,564	1,024,980
Net Book Value	122,694	124,876
Total Net Book Value	58,774,792	47,807,151

The Reticulation Assets were revalued by E W Graham, B.E. (Elect), F.I.P.E.N.Z. and PricewaterhouseCoopers on 31 March 2004 to a value of $56,540,820 on a 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.

VUW Te Waharoa — NZ Gazette 2005, No 101

Gazette.govt.nz — NZ Gazette 2005, No 101

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✨ LLM interpretation of page content

🏭 Notes to and forming part of the Financial Statements for Waipa Networks Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Property, Plant and Equipment, Valuation, Waipa Networks Limited
👱🏽 Names

E W Graham, Revalued Reticulation Assets

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