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New Zealand Gazette – 1995 – No. 91

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✨ Financial Statements

NEW ZEALAND GAZETTE

1 SEPTEMBER

POWERCO LIMITED - LINE BUSINESS

1995 $

7 CURRENT ASSETS

Cash and bank 412,753
Bank deposits 5,348,426
Debtors 2,850,677
Construction stock 1,220,914
Commercial stock 154,220
Taxation refund due 384,229

TOTAL CURRENT ASSETS 10,371,219

8 INVESTMENTS

Employee share scheme loans 10 88,998
SOE Bonds 2,110,917
NZ Government Stock 3,653,357
Countrywide Bonds 986,902
Publicly listed company shares (Note 9) 1,682,080

TOTAL INVESTMENTS 8,522,254

9 PUBLICLY LISTED COMPANY SHARES

The company holds 1,549,600 shares in TrustPower Limited and the investment in these shares is shown at cost. The market value of these shares as at 31 March 1995 was $1,704,560.

10 EMPLOYEE SHARE SCHEME LOANS

The employee share scheme loans represent loans made to employees to purchase shares in the company under the Powerco Employee share purchase scheme. The shares are held by Powerco Trustee Limited until full payment is made and the other conditions of the scheme have been satisfied.

11 GOVERNMENT STOCK AND CORPORATE BONDS

The valuation of Powerco's investment in Government stock and Corporate bonds is shown in the financial statement at cost amortised by the yield to maturity method.

The book value and the market values as at 31 March 1995 were as follows:

Description	Book Value	Market
NZGS 8% 15-11-95	1,010,737	992,117
NZGS 9% 15-11-96	1,034,262	1,012,619
NZGS 8% 15-07-98	1,608,358	1,490,777

Total Government Stock | 3,653,357| 3,495,513|

| Corporate Bonds | | |
| SOE ECNZ 10% 15-06-96 | 2,110,917 | 2,021,897 |
| Countrywide Bonds 7% 15-05-97 | 986,902 | 963,249 |

TOTAL STOCK AND BONDS | 6,751,176| 6,480,659|

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VUW Te Waharoa — NZ Gazette 1995, No 91

NZLII — NZ Gazette 1995, No 91

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✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
Dated11 August 1995
KeywordsFinancial statements, Electricity, Information Disclosure Regulations, Powerco Limited, Certification

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