✨ Financial Statements




NEW ZEALAND GAZETTE

No. 89

Electro Power Limited

Line Business

Notes To And Forming Part Of The Financial Statements

For The Year Ended 31 March 1995

1995
$'000

6 ACCOUNTS RECEIVABLE

  • Electricity debtors 918

  • Sundry debtors 258

  • Hire purchase debtors 3

                                    1,179
  • Less provision for doubtful debts (54)

                                    1,125
  • Other receivables and prepaid expenses 21

  • External work in progress 57

                                    1,203

7 FIXED ASSETS

| | Cost | Accumulated | Net Book
|---------------------|--------| Depreciation | Value 31/3/95 |
| | $'000 | $'000 | $'000 |
| Land | 881 | - | 881 |
| Buildings | 917 | 54 | 863 |
| Distribution network| 17,749 | 1,669 | 16,080 |
| Motor vehicles | 684 | 318 | 366 |
| Mobile plant | 69 | 30 | 39 |
| Furniture and fittings| 311 | 154 | 157 |
| Computer equipment | 1,064 | 420 | 644 |
| Other plant & equipment | 180 | 70 | 110 |
| Capital work in progress| 571 | - | 571 |

                                  22,426    | 2,715         | 19,711        |

The Government Valuation of land and buildings is $2,262,000

8 SUNDRY CREDITORS

1995
$'000
  • Trade creditors 882

  • Sundry creditors and accruals 362

  • Customer Deposits 138

                                    1,382


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