✨ Financial Statements




WEL NETWORKS LIMITED

Line Business

| | 2005
($000s) | 2004
($000s) |
|----------------|----------------------|----------------------|
| | | |

6 Current assets

  • Cash and Bank | 21,727 | 18,515 |

  • Trade debtors | 4,245 | 4,037 |

  • Short term investments | - | - |

  • Inventories | 161 | 96 |

  • Other assets | 3 | 49 |

  • Tax recoverable | - | - |

    Total Current Assets | 26,136 | 22,697 |

7 Fixed Assets

System Fixed assets

Distribution System

  • At cost | 14,302 | -
  • At valuation | 182,189 | 182,189 |

Land

  • At cost | - | -
  • At valuation | 1,276 | 1,276 |

Buildings

  • At cost | - | -
  • At valuation | 1,403 | 1,403 |

Furniture Plant & Equipment

  • At cost | - | -

  • At valuation | - | -

    Total System Fixed Assets Before Depreciation
    | 199,170 | 184,868 |

Accumulated depreciation

  • Distribution System

    • At cost | (213) | -
    • At valuation | (5,283) | -
  • Buildings

    • At cost | - | -
    • At valuation | (42) | -
  • Furniture Plant & Equipment

    • At cost | - | -
    • At valuation | - | -

    Total Accumulated Depreciation | (5,538) | - |

    Total System Fixed Assets | 193,632 | 184,868 |

Vehicles

  • Cost | 411 | 467 |
  • Accumulated depreciation | (152) | (182) |
  • Net book value | 259 | 285 |


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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2005, No 114


Gazette.govt.nz PDF NZ Gazette 2005, No 114





✨ LLM interpretation of page content

🏭 Statement of Accounting Policies for WEL Networks Limited (continued from previous page)

🏭 Trade, Customs & Industry
3 August 2005
Financial Statements, Current Assets, Fixed Assets, Depreciation, WEL Networks Limited