New Zealand Gazette – 2008 – No. 29

Page 633

✨ Financial Statements



19 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 29 633

WEL NETWORKS LIMITED

Line Business
2007
($000s)		 2006
($000s)
Fixed Assets (continued)
Furniture, Plant and Equipment
Cost 16,168 12,642
Accumulated depreciation (12,858) (10,630)
Net book value 3,310 2,012
Total before assets under construction 300,192 214,393
Capital assets under construction 1,084 7,954
Consumer billing & information system assets - -
Other fixed assets
Cost 1,355 1,355
Accumulated depreciation (719) (677)
Net book value 636 678
Total net book value 301,912 223,025

Land and Buildings were revalued on 31 March 2007 by DTZ Registered Valuers.

The distribution system was revalued on 31 March 2007 by Sinclair Knight Merz (NZ) Limited Registered Engineers.

Other fixed assets represent the amount paid to Hamilton City Council in 1989 for the use of substations buildings. This amount is being depreciated over a period of 33 years.
Centralised load control equipment
(included as part of the distribution system)		 1,109 1,145

8 Current liabilities
Bank overdraft & short term borrowings - -
Trade creditors 27,974 24,956
Provision for annual and long service leave 244 199
Provision for dividend - -
Provision for tax 1,361 1,248
Other current liabilities 460 418
Total current liabilities 30,039 26,821


Next Page →



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, Fixed assets, Depreciation, Revaluation, Liabilities, WEL Networks Limited