✨ Financial Statements
4024
NEW ZEALAND GAZETTE, No. 138
17 NOVEMBER 2006
4. Fixed Assets
Distribution
| 2006 | 2005 | |||||
|---|---|---|---|---|---|---|
| Cost | Accumulated Depreciation | Book Value | Cost | Accumulated Depreciation | Book Value | |
| Distribution network: | ||||||
| Revalued assets | $23,235,319 | $ 726,727 | $ 22,508,592 | $17,986,660 | $ 1,061,621 | $16,925,039 |
| At Cost | $ 717,822 | $ 6,947 | $ 710,875 | $ 1,278,549 | $ 33,432 | $ 1,245,117 |
| $23,953,141 | $ 733,674 | $ 23,219,467 | $19,265,209 | $ 1,095,053 | $18,170,156 |
Fixed assets at cost:
| 2006 | 2005 | |||||
|---|---|---|---|---|---|---|
| Cost | Accumulated Depreciation | Book Value | Cost | Accumulated Depreciation | Book Value | |
| Leasehold improvements | $ 590,810 | $ 425,726 | $ 165,084 | $ 493,010 | $ 344,429 | $ 148,581 |
| Vehicles | $ 249,827 | $ 89,910 | $ 159,917 | $ 199,707 | $ 81,562 | $ 118,145 |
| Office equipment | $ 58,531 | $ 55,135 | $ 3,396 | $ 58,236 | $ 53,551 | $ 4,685 |
| Furniture & fittings | $ 84,135 | $ 58,425 | $ 25,710 | $ 65,426 | $ 43,722 | $ 21,704 |
| Plant & equipment | $ 344,550 | $ 204,841 | $ 139,709 | $ 252,117 | $ 161,094 | $ 91,023 |
| Leased assets | $ 64,500 | $ 40,580 | $ 23,920 | $ 99,470 | $ 37,967 | $ 61,503 |
| Computer h/ware & s/ware | $ 977,787 | $ 773,808 | $ 203,979 | $ 694,311 | $ 496,882 | $ 197,429 |
| $ 2,370,140 | $ 1,648,425 | $ 721,715 | $ 1,862,277 | $ 1,219,207 | $ 643,070 | |
| Total Assets | $26,323,281 | $ 2,382,099 | $ 23,941,182 | $21,127,486 | $ 2,314,260 | $18,813,226 |
Retail
| 2006 | 2005 | |||||
|---|---|---|---|---|---|---|
| Cost | Accumulated Depreciation | Book Value | Cost | Accumulated Depreciation | Book Value | |
| Fixed assets at cost: | ||||||
| Leasehold improvements | $ 122,828 | $ 88,507 | $ 34,321 | $ 200,728 | $ 140,233 | $ 60,495 |
| Vehicles | $ 51,938 | $ 18,692 | $ 33,246 | $ 81,310 | $ 33,208 | $ 48,102 |
| Office equipment | $ 12,168 | $ 11,462 | $ 706 | $ 23,710 | $ 21,804 | $ 1,906 |
| Furniture & fittings | $ 17,492 | $ 12,147 | $ 5,345 | $ 26,638 | $ 17,801 | $ 8,837 |
| Plant & equipment | $ 71,631 | $ 42,586 | $ 29,045 | $ 102,649 | $ 65,589 | $ 37,060 |
| Leased assets | $ 13,409 | $ 8,436 | $ 4,973 | $ 40,499 | $ 15,458 | $ 25,041 |
| Computer h/ware & s/ware | $ 203,279 | $ 160,873 | $ 42,406 | $ 282,687 | $ 202,304 | $ 80,383 |
| $ 492,745 | $ 342,703 | $ 150,042 | $ 758,221 | $ 496,397 | $ 261,824 | |
| Total assets | $ 492,745 | $ 342,703 | $ 150,042 | $ 758,221 | $ 496,397 | $ 261,824 |
The distribution network is valued at depreciated replacement cost, as at 1 July 2005 by Geoff Evans, B.E (Mech) - Network Manager and reviewed in accordance with the FRS-3 by Bruce Wattie CA, BCA, Partner - Financial Advisory Services, of PricewaterhouseCoopers, and James Coe B.Sc, B.E (Electrical), M.B.A. and member if IPENZ - Director, JT Consulting Limited.
5. Accounts Receivable
| Distribution | Retail | |||
|---|---|---|---|---|
| 2006 | 2005 | 2006 | 2005 | |
| $ | $ | $ | $ | |
| Trade debtors | $ 509,441 | $ 418,465 | $ 3,556,060 | $ 3,155,450 |
| Provision for doubtful debts | $ - | $ - | $ 58,506 | $ 53,097 |
| $ 509,441 | $ 418,465 | $ 3,497,554 | $ 3,102,353 | |
| $ 509,441 | $ 418,465 | $ 3,497,554 | $ 3,102,353 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 138
Gazette.govt.nz —
NZ Gazette 2006, No 138
✨ LLM interpretation of page content
🏭
Notes to the Financial Statements for Wanganui Gas Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Accounting Policies, Gas Regulations, Wanganui Gas Limited, Distribution, Retail
- Geoff Evans, Network Manager, valued distribution network
- Bruce Wattie, Partner - Financial Advisory Services, reviewed distribution network
- James Coe, Director, JT Consulting Limited, reviewed distribution network