Meridian Energy (NZSE:MEL) Construction In Progress : NZ$0 Mil (As of Dec. 2023)

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What is Meridian Energy Construction In Progress?

Meridian Energy's quarterly construction in progress increased from Dec. 2022 (NZ$0 Mil) to Jun. 2023 (NZ$542 Mil) but then declined from Jun. 2023 (NZ$542 Mil) to Dec. 2023 (NZ$0 Mil).

Meridian Energy's annual construction in progress increased from Jun. 2021 (NZ$159 Mil) to Jun. 2022 (NZ$230 Mil) and increased from Jun. 2022 (NZ$230 Mil) to Jun. 2023 (NZ$542 Mil).

Meridian Energy Construction In Progress Historical Data

The historical data trend for Meridian Energy's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Meridian Energy Construction In Progress Chart

Meridian Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Construction In Progress

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93.00

103.00

159.00

230.00

542.00

Meridian Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Construction In Progress	Get a 7-Day Free Trial															-	230.00	-	542.00	-

Meridian Energy Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Meridian Energy (NZSE:MEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Meridian Energy Ltd (NZSE:MEL) » Definitions » Construction In Progress

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MDDNF:USA 15M1:Germany MEZ:Australia

Address

287-293 Durham Street North, Christchurch Central, Christchurch, STL, NZL, 8013

Website

https://www.meridianenergy.co.nz

Meridian is New Zealand's largest electricity generator, operating hydro stations and wind farms in New Zealand. Nearly 90% of its electricity is generated from low-cost hydro power plants, with wind making up the rest. The company's main competitors are vertically integrated firms, such as Mercury NZ, Genesis Energy, Contact Energy, and Trustpower.

Meridian Energy (NZSE:MEL) Headlines

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