✨ Financial Statements




25 AUGUST NEW ZEALAND GAZETTE

BALANCE SHEET

As at 31 March 1995

Notes Line Business $000's Other Electricity Businesses $000's

ASSETS

Current Assets

Bank and short term deposits | | 1,909 | 3 |
Accounts receivable | | 8,412 | 18,829 |
Accounts receivable - internal| | 10 | 3,748 |
Inventories | | 637 | 6,532 |
| | 10,968 | 29,112 |

Non-Current Assets

Other long-term investments | | 60 | - |
Fixed assets | (1) | 301,695 | 28,101 |
| | 301,755 | 28,101 |

TOTAL ASSETS | | 312,723 | 57,213 |

LIABILITIES

Current Liabilities

Accounts payable and accruals | | 10,001 | 16,286 |
Accounts payable - internal | | 3,748 | 10 |
Income tax | | 1,670 | 443 |
Debt due within one year | | 259 | - |
Provision for dividend | | 3,478 | 1,033 |
| | 19,156 | 17,772 |

SHAREHOLDERS' EQUITY

Mandatory Convertible Notes | (2) | 76,000 | - |
Ordinary shares | (2) | 57,427 | 22,573 |
Share premium reserve | (2) | 28,713 | 11,287 |
Retained earnings | (2) | 14,199 | 5,581 |
Revaluation reserve | (2) | 117,228 | - |
| | 293,567 | 39,441 |

TOTAL LIABILITIES AND EQUITY | | 312,723 | 57,213 |



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