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New Zealand Gazette – 1995 – No. 93

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✨ Financial Statements

2806 NEW ZEALAND GAZETTE No. 93

KING COUNTRY ENERGY LIMITED

STATEMENT OF FINANCIAL POSITION PREPARED IN ACCORDANCE WITH

THE ELECTRICITY INFORMATION DISCLOSURE REGULATIONS 1994

FOR THE YEAR ENDED 31 MARCH 1995

	Note	Lines Business	Energy Business
Shareholders Equity:
Share Capital	6	11,963,189	3,036,811
Reserves	7	484,650	123,027
Retained Earnings	7	290,832	822,089
Total Equity		12,738,671	3,981,927

Represented by:

| | | | |
| Current Assets: | | | |
| Cash & Bank Balances | | 2,410,823 | 1,352,661 |
| Receivables | 8 | 644,936 | 896,811 |
| Inventories | | 459,584 | 33,039 |
| Income Tax Receivable | 9 | 71,344 | - |
| Total Current Assets| | 3,586,687 | 2,282,511 |

| Non Current Assets:| | | |
| Fixed Assets | 11 | 9,851,174 | 1,347,097 |
| Investments | 10 | 86,062 | - |
| Development Assets | 12 | - | 973,736 |
| Future Income Tax Benefit| 4 | 56,747 | 6,912 |
| Total Non Current Assets| | 9,993,983 | 2,327,745 |
| Total Assets | | 13,580,670 | 4,610,256 |

| Current Liabilities:| | | |
| Trade and Other Creditors| | 672,777 | 563,239 |
| Provision for Holiday Pay| | 169,222 | 5,090 |
| Proposed Dividend | | - | 60,000 |
| Total Current Liabilities| | 841,999 | 628,329 |
| Net Assets | | 12,738,671 | 3,981,927 |

The Accompanying notes form an integral part of these Financial Statements.

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VUW Te Waharoa — NZ Gazette 1995, No 93

NZLII — NZ Gazette 1995, No 93

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✨ LLM interpretation of page content

🏭 Statement of Financial Position for King Country Energy Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial, Equity, Energy, Company, Regulations

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