New Zealand Gazette – 2007 – No. 129

Page 3336

✨ Financial Statements



3336

NEW ZEALAND GAZETTE, No. 129

27 NOVEMBER 2007

4. Fixed Assets

2007 Cost 2007 Accumulated Depreciation 2007 Book Value 2006 Cost 2006 Accumulated Depreciation 2006 Book Value
Distribution network:
Revalued assets 23,235,319 1,447,072 21,788,247 23,235,319 726,727 22,508,592
At Cost 1,580,262 25,912 1,554,350 717,822 6,947 710,875
24,815,581 1,472,984 23,342,597 23,953,141 733,674 23,219,467

| Fixed assets at cost: | | | | | | |
| Leasehold improvements | 598,703 | 449,832 | 148,871 | 590,810 | 425,726 | 165,084 |
| Vehicles | 254,037 | 107,462 | 146,565 | 249,827 | 89,910 | 159,917 |
| Office equipment | 68,117 | 41,467 | 26,650 | 58,531 | 55,135 | 3,396 |
| Furniture & fittings | 90,696 | 66,868 | 23,828 | 84,135 | 58,425 | 25,710 |
| Plant & equipment | 363,362 | 229,224 | 134,138 | 344,550 | 204,841 | 139,709 |
| Leased assets | 64,653 | 50,677 | 13,976 | 64,500 | 40,580 | 23,920 |
| Computer h/ware & s/ware | 1,084,318 | 917,092 | 167,226 | 977,787 | 773,808 | 203,979 |
| | 2,523,876 | 1,862,622 | 661,254 | 2,370,140 | 1,648,425 | 721,715 |

| Total Assets | 27,339,457 | 3,335,606 | 24,003,851 | 26,323,281 | 2,382,099 | 23,941,182 |

2007 Cost 2007 Accumulated Depreciation 2007 Book Value 2006 Cost 2006 Accumulated Depreciation 2006 Book Value
Retail
Fixed assets at cost:
Leasehold improvements 99,860 75,029 24,831 122,828 88,507 34,321
Vehicles 42,370 17,924 24,446 51,938 18,682 33,246
Office equipment 11,361 6,916 4,445 12,168 11,462 706
Furniture & fittings 15,128 11,153 3,975 17,492 12,147 5,345
Plant & equipment 60,607 38,234 22,373 71,631 42,586 29,045
Leased assets 10,784 8,453 2,331 13,409 8,436 4,973
Computer h/ware & s/ware 180,857 152,955 27,892 203,279 160,873 42,406
420,967 310,674 110,293 492,745 342,703 150,042

| Total assets | 420,967 | 310,674 | 110,293 | 492,745 | 342,703 | 150,042 |

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.A (Electrical), M.B.A, and member IPENZ - Director, JT Consulting Limited.

5. Accounts Receivable

Distribution 2007 $ Distribution 2006 $ Retail 2007 $ Retail 2006 $
Trade debtors 539,650 509,441 3,415,634 3,558,080
Provision for doubtful debts - - (59,338) (58,506)
539,650 509,441 3,356,296 3,497,554


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2007, No 129


Gazette.govt.nz — PDF NZ Gazette 2007, No 129




✨ LLM interpretation of page content

🏭 Wanganui Gas Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, revenue, expenses, taxation, depreciation, interest, audit fees, directors' fees, bad debts, profit on sales of assets, dividends received, taxation expense, deferred tax liability, deferred tax asset
  • Geoff Evans, Network Manager
  • Bruce Wattie, Partner - Financial Advisory Services
  • James Coe, Director, JT Consulting Limited