New Zealand Gazette – 2005 – No. 8

Page 175

✨ Financial Statements and Valuation Report



17 JANUARY 2005
NEW ZEALAND GAZETTE, No. 8
175

NELSON ELECTRICITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
for the year to 31 March 2004

Interest Rate risk
Interest rate risk is the risk that interest rates will change, increasing or decreasing the cost of borrowing or lending. The company’s short term deposits are at fixed interest rates and mature within one year. The company has the opportunity to vary interest rates on its non current borrowings on such terms as it selects. The interest rate applying to the company’s current borrowings is disclosed in note 9.

Currency Risk
The company has no present exposure to risks arising from movement in exchange rates. (2003, Nil)

12. Commitments and Contingent Liabilities
As at 31 March 2004 the company had no commitments or contingent liabilities that are not included in these financial statements. (2003, Nil)
Capital expenditure committed to at balance date but not recognised in the financial statements totalled $486,079. (2003 Nil)

13. Events Subsequent to Balance Date
There were no events subsequent to balance date requiring notification in these financial statements.

Schedule 1 Part 8
Annual Valuation Reconciliation Report for Year ending 31 March 2004

31-Mar-04 $000 31-Mar-03 $000
System Fixed Assets at ODV at 31 March 2003 13,531 13,837
Add System Fixed Assets Acquired During the Year at ODV 443 297
Less System Fixed Assets Disposed of During the Year At ODV (50) (90)
Less Depreciation on System Fixed Assets (720) (513)
Add Revaluations of System Fixed Assets 6,189 0
Equals System Fixed Assets at ODV at 31 March 2004 19,393 13,531


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 8


Gazette.govt.nz — PDF NZ Gazette 2005, No 8




✨ LLM interpretation of page content

🏭 Nelson Electricity Limited Financial Performance and Equity Movements (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Share capital, Retained earnings, Reserves, Plant property and equipment, Nelson Electricity Limited

🏭 Nelson Electricity Limited Notes to Financial Statements

🏭 Trade, Customs & Industry
Interest rate risk, Currency risk, Commitments, Contingent liabilities, Capital expenditure

🏭 Nelson Electricity Limited Annual Valuation Reconciliation Report

🏭 Trade, Customs & Industry
Valuation reconciliation, Fixed assets, Depreciation, Revaluations