✨ Financial Reports
368 NEW ZEALAND GAZETTE, No. 16 18 JANUARY 2005
The Southland Electric Power Supply Consumer Trust, which owns 100% of the shares in The Power Company Limited, is a related party. During the year expenses are paid out on behalf of the Trust, at 31 March 2004 these totalled $84,000 (2003 $71,000). A dividend of $98,000 (2003 $143,000) was paid during the year.
No related party debts have been written off or forgiven during 2004 or 2003.
- Annual Valuation Reconciliation Report
| System fixed assets at ODV – end of the previous financial year | 152,433 | 152,422 |
| Less recalibration of system fixed assets | - | - |
| Revised system fixed assets – end of the previous financial year | 152,433 | 152,422 |
| Add system fixed assets acquired during the year at ODV | 9,498 | 7,179 |
| Less system fixed assets disposed of during the year at ODV | (441) | (174) |
| Less depreciation on system fixed assets at ODV | (7,176) | (6,994) |
| Add 11kv Servicemains returned to Lines Business ownership | 13,955 | - |
| Add revaluations of system fixed assets | 49,009 | - |
| System fixed assets at ODV – end of the financial year | 217,278 | 152,433 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 16
Gazette.govt.nz —
NZ Gazette 2005, No 16
✨ LLM interpretation of page content
💰 Related Party Transactions
💰 Finance & RevenueRelated Party, Expenses, Dividend, Southland Electric Power Supply Consumer Trust, The Power Company Limited
💰 Annual Valuation Reconciliation Report
💰 Finance & RevenueValuation, Reconciliation, Fixed Assets, ODV, Depreciation, Revaluations