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New Zealand Gazette – 1995 – No. 80

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✨ Financial Statements Notes

NEW ZEALAND GAZETTE

No. 80

DUNEDIN ELECTRICITY LTD

LINE BUSINESS NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 1995

$000

Note 1 : Taxation

Profit Before Taxation 7,681
Tax at 33% 2,535

Note 2 : Current Assets

Included in current assets are the following:

Accounts Receivable 323
323

Note 3 : Current Liabilities

Included in current liabilities are the following:

Accounts Payable 2,511
Taxation Payable 2,535
Dividend Payable 1,708
Internal Advances to Line Business 2,770
9,524

Note 4 : Fixed Assets

	Cost or Revaluation	Accumulated Depreciation	Book Value
Land	1,084	-	1,084
Buildings	3,063	79	2,984
Furniture	17	5	12
Plant	123	33	90
Network	54,782	3,677	51,105
Capital Work in Progress	211	-	211
Total	59,280	3,794	55,486

Note 5 : Term Liabilities

The term liability at 31 March 1995 is for employee gratuities that are not payable until after 31 March 1996.

Note 6 : Commitments

At 31 March 1995, the following expenditure commitments existed:

Capital expenditure contracted for $554,000

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VUW Te Waharoa — NZ Gazette 1995, No 80

NZLII — NZ Gazette 1995, No 80

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Certification of Dunedin Electricity Limited Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated5 July 1995
KeywordsFinancial Statements, Certification, Audit, Dunedin Electricity Limited, Electricity Information Disclosure Regulations

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