New Zealand Gazette – 1995 – No. 93

Page 2858

✨ Financial Statements



2858
NEW ZEALAND GAZETTE
No. 93
Page 12

TAURANGA ELECTRICITY LIMITED

  1. TERM LIABILITIES
    Term liabilities consist of:
  • Debt security Tauranga Civic Holdings Ltd
    2,612,052
    187,948

Due for repayment:
1-2 years
373,150
26,850
2-3 years
373,150
26,850
3-5 years
746,300
53,700
5+ years
1,119,452
80,548
2,612,052
187,948

  1. ACCOUNTS PAYABLE & ACCRUALS
    Accounts Payable & Accruals
    1,392,055
    120,650

  2. FIXED ASSETS

  • Freehold land [at cost]

    52,937

  • Freehold buildings [at cost]
    212,351
    117,353
    Accumulated depreciation
    (4,587)
    (2,834)

  • Plant and equipment

    150,687
    Accumulated depreciation

    (30,308)

  • Office furniture and equipment [at cost]

    190,425
    Accumulated depreciation

    (94,943)

  • Motor vehicles [at cost]
    16,775
    235,658
    Accumulated depreciation
    (5,368)
    (74,101)

  • Network assets [at cost]
    7,715,295

    Accumulated depreciation [Network]
    (654,732)

  • Under construction [Network] [at cost]
    292,771

The government valuation of the land and buildings at 1 September 1994 was $1,160,500.
$7,572,505
$544,874

  1. VALUATIONS
    An ODV valuation was carried out as at 31 March 1995. This valued the assets of the line business at that date. The maximum valuation for the distribution assets totalled
    $10,592,464

  2. INVESTMENT
    Shares - PowerBuy Group Ltd
    40,000 Ordinary $1 shares paid to 12.50¢
    0
    5,000
    Tauranga Joint Generation Committee
    11,628,614
    TrustPower Limited
    2,500
    $0
    $11,636,114

The accompanying Statement of Accounting Policies and Notes form part of and are to be read in conjunction with these Financial Statements. The Financial Statements have been prepared solely for the purpose of complying with Regulations 6[2] and 6[3] of the Electricity [Information Disclosure] Regulations 1994 and are not intended for any other purpose.



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🏭 Tauranga Electricity Limited 1995 Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
31 March 1995
Financial Statements, Liabilities, Assets, Valuations, Investments, Tauranga