← Page 4454

New Zealand Gazette – 2006 – No. 154

Page 4455

Page 4456 →

✨ Financial Statements

Vector Limited & Subsidiaries

Gas Distribution Activities

Notes to the Financial Statements

For the year ended 30 June 2006

9. PROPERTY, PLANT AND EQUIPMENT

| | Cost/
| | Valuation | Accumulated | Net Book |
| | $000 | Depreciation | Value |
| | | $000 | $000 |
|------------------------|------------|--------------|-----------|
| 2006 | | | |
| Freehold land | 713 | - | 713 |
| Distribution systems | 381,762 | (14,022) | 367,740 |
| Plant, vehicles and | | | |
| equipment | 16,043 | (12,455) | 3,588 |
| Capital work in | | | |
| progress | 20,415 | - | 20,415 |
|------------------------|------------|--------------|-----------|
| | 418,933 | (26,477) | 392,456 |

| | Cost/
| | Valuation | Accumulated | Net Book |
| | $000 | Depreciation | Value |
| | | $000 | $000 |
|------------------------|------------|--------------|-----------|
| 2005 | | | |
| Freehold land | 653 | - | 653 |
| Distribution systems | 350,177 | (15,135) | 335,042 |
| Plant, vehicles and | | | |
| equipment | 36,442 | (25,421) | 11,021 |
| Capital work in | | | |
| progress | 7,431 | - | 7,431 |
|------------------------|------------|--------------|-----------|
| | 394,703 | (40,556) | 354,147 |

The directors consider that the fair value of the land and buildings is equal to or in excess of their net book value.

As stated in the statement of accounting policies, interest and other costs are capitalised to property, plant and equipment while under construction. During the year $0.3 million (2005: $0.5 million) of interest and other costs were capitalised.

The Auckland system fixed assets were revalued to $276.5 million as at 31 March 2006 consistent with the group's accounting policy to revalue property, plant and equipment at least every three years. The basis of this valuation is the lesser of depreciated replacement cost and the estimated amount from the future use of these distribution assets. This valuation was undertaken in conjunction with the following parties:

FIRM	QUALIFICATION
Eric Lucas	PricewaterhouseCoopers, CA; BA (Hons)
Lynne Taylor	PricewaterhouseCoopers, BSoc.Sci (Hons) Economics
Trevor Walker	Telfer Young Ltd, Dip Val; ANZIV; SNZPI; Registered Valuer
Jeffrey Wilson	Wilson Cook & Co Ltd, ME; BCom; CEng; FIEE; FIPENZ; MIEee

VUW Te Waharoa — NZ Gazette 2006, No 154

Gazette.govt.nz — NZ Gazette 2006, No 154

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Vector Limited & Subsidiaries Gas Distribution Financial Position (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statement, Property, Plant and Equipment, Valuation, Depreciation, Auckland, Distribution Systems
👱🏽 Names

Eric Lucas, Valuation specialist
Lynne Taylor, Valuation specialist
Trevor Walker, Valuation specialist
Jeffrey Wilson, Valuation specialist

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.

New Zealand Gazette Index