✨ Financial Statements
WEL NETWORKS LIMITED
Line Business
| | 2006
($000s) | 2005
($000s) |
|----------------|----------------|
| | |
Fixed Assets (continued)
Furniture, Plant and Equipment
- Cost 12,642 11,730
- Accumulated depreciation (10,630) (9,829)
- Net book value 2,012 1,901
Total before assets under construction 214,393 195,953
Capital assets under construction
-
Consumer billing & information system assets 7,954 6,060
-
Other fixed assets
- Cost 1,355 1,355
- Accumulated depreciation (677) (637)
- Net book value 678 718
Total net book value 223,025 202,731
Land and Buildings were revalued on 31 March 2004 by DTZ Registered Valuers.
The distribution system was revalued on 31 March 2004 by Sinclair Knight Merz (NZ) Limited Registered Engineers.
Other fixed assets represent the amount paid to Hamilton City Council in 1989 for the use of substations buildings. This amount is being depreciated over a period of 33 years.
Centralised load control equipment
(included as part of the distribution system) 1,145 1,180
8 Current liabilities
- Bank overdraft & short term borrowings - -
- Trade creditors 24,956 21,430
- Provision for annual and long service leave 199 178
- Provision for dividend - -
- Provision for tax 1,248 624
- Other current liabilities 418 409
Total current liabilities 26,821 22,641
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 135
Gazette.govt.nz —
NZ Gazette 2006, No 135
✨ LLM interpretation of page content
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Certification of Financial Statements for WEL Networks Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Certification, Electricity Information Disclosure, WEL Networks Limited, Fixed Assets, Current Liabilities