New Zealand Gazette – 2006 – No. 136

Page 3927

✨ Financial Statements

WAIPA NETWORKS LIMITED - LINES BUSINESS

9 PROPERTY, PLANT AND EQUIPMENT

	2006	2005
	$	$

Freehold Land

Cost | 1,610 | 1,610 |

Freehold Buildings

Cost | 895,861| 895,861|
Accumulated Depreciation | 205,054| 193,788|
Net Book Value | 690,807| 702,073|

Reticulation Assets

Cost - additions since 1 April 2004 | 6,239,937 | 2,725,734 |
Valuation | 56,540,820| 56,540,820|
| 62,780,757| 59,266,554|

Accumulated Depreciation at cost | 108,567 | 25,531 |
Accumulated Depreciation at valuation | 2,827,041| 1,413,521|
Net Book Value | 59,845,149| 57,827,502|

Motor Vehicles

Cost | 166,936| 166,594|
Accumulated Depreciation | 49,889 | 45,681 |
Net Book Value | 117,047 | 120,913 |

Plant, Furniture and Fittings

Cost | 1,276,829| 1,209,258|
Accumulated Depreciation | 1,146,984| 1,086,564|
Net Book Value | 129,845 | 122,694 |

Total Net Book Value | 60,784,458 | 58,774,792

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 an optimised depreciated replacement cost basis.

The fair value of Land and Buildings is assessed at $980,000 based on a valuation by Quotable Value New Zealand as at 1 September 2005 for GV purposes.

VUW Te Waharoa — NZ Gazette 2006, No 136

Gazette.govt.nz — NZ Gazette 2006, No 136

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✨ LLM interpretation of page content

🏭 Notes to Financial Statements of Waipa Networks Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated24 October 2006
KeywordsProperty, Plant, Equipment, Financial Statements, Waipa Networks Limited
👱🏽 Names

E. W. Graham, Valuer of Reticulation Assets

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