✨ Financial Statements




WEL NETWORKS LIMITED

Line Business

2007 ($000s) 2006 ($000s)

6 Current assets

  • Cash and Bank | 7,559 | 18,031 |
  • Trade debtors | 4,762 | 5,307 |
  • Short term investments | - | - |
  • Inventories | - | - |
  • Other current assets | 167 | 6 |
  • Tax recoverable | - | - |

Total current assets | 12,488 | 23,344 |

7 Fixed Assets

System Fixed assets

Distribution System

  • At cost | 5,254 | 37,858 |
  • At valuation | 282,780 | 182,188 |

Land

  • At cost | - | - |
  • At valuation | 3,510 | 1,276 |

Buildings

  • At cost | - | - |
  • At valuation | 3,793 | 1,402 |

Furniture Plant & Equipment

  • At cost | - | - |
  • At valuation | - | - |

Total System Fixed Assets | 295,337 | 222,724 |

Accumulated depreciation

  • Distribution System

    • At cost | - | (3,675) |
    • At valuation | - | (7,921) |
  • Buildings

    • At cost | - | - |
    • At valuation | - | (84) |
  • Furniture Plant & Equipment

    • At cost | - | - |
    • At valuation | - | - |

Total accumulated depreciation | - | (11,680) |

Total System Fixed Assets (Net) | 295,337 | 211,044 |

Capital Spares | 864 | 944 |

Vehicles

  • Cost | 1,020 | 567 |
  • Accumulated depreciation | (339) | (174) |
  • Net book value | 681 | 393 |


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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2008, No 29


Gazette.govt.nz PDF NZ Gazette 2008, No 29





✨ LLM interpretation of page content

🏭 Financial Performance and Equity Movements of WEL Networks Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Taxation, Shareholders funds, Asset revaluation, Retained earnings, WEL Networks Limited