✨ Financial Statements Notes




NEW ZEALAND GAZETTE

No. 80

DUNEDIN ELECTRICITY LTD

CONTRACTING BUSINESS NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 1995

Note 1 : Taxation

$000
Profit before taxation 1,872
Tax at 33% 615

Note 2 : Current Assets

Included in current assets are the following:

$000
Accounts Receivable 1,693
Internal Investment 5,770
Inventory 25
7,488

Note 3 : Current Liabilities

Included in current liabilities are the following:

$000
Accounts Payable 2,167
Taxation Payable 615
Dividend Payable 248
3,030

Note 4 : Fixed Assets

Cost or Revaluation Accumulated Depreciation Book Value
$000 $000 $000
Furniture 62 14 48
Plant 876 219 657
Motor Vehicles 749 435 314
1,687 668 1,019

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, no expenditure commitments existed.

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🏭 Dunedin Electricity Ltd Contracting Business Balance Sheet (continued from previous page)

🏭 Trade, Customs & Industry
Balance Sheet, Financial Performance, Assets, Liabilities, Shareholder Funds, Dunedin Electricity Ltd