✨ Financial Statements
15 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 24
WAIPA NETWORKS LIMITED - LINES BUSINESS
| 2007 $ | 2006 $ | |
|---|---|---|
| 9 PROPERTY, PLANT AND EQUIPMENT |
Freehold Land
Cost 1,610 1,610
Freehold Buildings
Cost 895,861 895,861
Accumulated Depreciation 216,320 205,054
Net Book Value 679,541 690,807
Reticulation Assets
Cost - additions since 1 April 2004 11,119,709 6,239,937
Valuation 56,540,820 56,540,820
Accumulated Depreciation at cost 284,467 108,567
Accumulated Depreciation at valuation 4,240,562 2,827,041
Net Book Value 63,135,500 59,845,149
Motor Vehicles
Cost 206,081 166,936
Accumulated Depreciation 98,780 49,889
Net Book Value 107,301 117,047
Plant, Furniture and Fittings
Cost 1,267,937 1,276,829
Accumulated Depreciation 1,136,669 1,146,984
Net Book Value 131,268 129,845
Total Net Book Value 64,055,220 60,784,458
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.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 24
Gazette.govt.nz —
NZ Gazette 2008, No 24
✨ LLM interpretation of page content
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Notes to Financial Statements for Waipa Networks Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial statements, Property, Plant, Equipment, Valuation, Waipa Networks Limited
- E. W. Graham, Revalued Reticulation Assets