New Zealand Gazette – 1995 – No. 82

Page 2315

✨ Financial Statements



18 AUGUST NEW ZEALAND GAZETTE 2315

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (Continued)

  1. Accounts Receivable
    Electricity and Sundry Debtors 2,084,278 3,827,197
    Less Provision for Doubtful Debts (30,000) (30,000)
    2,054,278 3,797,197
    Term Debtors - 97,460
    Current Portion - Term Receivables 191,412 -
    $2,245,690 $3,894,657

  2. Fixed Assets:
    Distribution System - Cost 61,976,410 4,199,637
    Less Accumulated Depreciation (25,419,341) ( 63,367)
    $36,557,069 $4,136,270

    Buildings - At Valuation 5,334,521 519,433
    Less Accumulated Depreciation (110,810) ( 9,497)
    $5,223,711 $509,936

    Plant and Equipment - Cost 2,256,397 179,217
    Less Accumulated Depreciation (1,185,862) ( 94,213)
    $1,070,535 $85,004

    Motor Vehicles - Cost 2,732,906 103,822
    Less Accumulated Depreciation (1,701,320) ( 38,590)
    $1,031,586 $65,232

    Land - At Valuation $1,612,792 $137,200
    $45,495,693 $4,933,642

    • Revalued Land and Buildings are stated at net current values as at 31 March 1994, as determined by Coutts Milburn Ltd, Registered Valuers of Whangarei.

  3. Share Capital:
    Authorised, issued and paid up capital,
    40,000,000 ordinary shares of $1 each, 31 March 1994 $32,600,000 $7,400,000
    Authorised and issued during the year, 849,998 fully
    paid shares of $1 each. - 849,998
    Total Issued and Paid Up Capital $32,600,000 $8,249,998

  4. Asset Revaluation:
    Opening Balance 4,614,066 -
    Movements for the Year (175,322) -
    Balance 31 March 1995 $4,438,744 $ -



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✨ LLM interpretation of page content

🏭 Financial Statements for Northpower Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Accounts Receivable, Fixed Assets, Share Capital, Asset Revaluation, Northpower Limited
  • Coutts Milburn Ltd, Registered Valuers of Whangarei