Financial Notes




NEW ZEALAND GAZETTE

No. 100

CITIPOWER LIMITED

NOTES (continued)

Line Business Energy Business Total
31-Mar-95 31-Mar-95 31-Mar-95
$(’000) $(’000) $(’000)

6. CASH & SHORT TERM INVESTMENTS

Cash and Short Term Investments are held with banks in New Zealand.

Bank (372) 389 17
Short Term Investments 291 149 440
(81) 538 457

7. ACCOUNTS RECEIVABLE

Trade Debtors 714 773 1,487
Sundry Debtors 134 19 173
Other 698 0 698
1,566 792 2,358

Less Provision for Doubtful Debts

| | 440 | 165 | 605 |
| | 1,126 | 627 | 1,753 |

8. STOCK

Trading Stock 227 65 292

Less Obsolescence Provision

| | 0 | 37 | 37 |
| | 227 | 28 | 255 |

9. FIXED ASSETS

Buildings 0 87 87

Less Accumulated Depreciation

| | 0 | 3 | 3 |
| | 0 | 84 | 84 |

| Motor Vehicles, Plant & Equipment | 176 | 184 | 360 |
Less Accumulated Depreciation

| | 76 | 71 | 147 |
| | 100 | 113 | 213 |
| | | | 297 |



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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for the 12 months ended 31 March 1995 (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Accounting Policies, Citipower Limited, Electricity Supply, Nelson City Council