✨ Financial Statements




NEW ZEALAND GAZETTE

No. 110

NORTHPOWER LIMITED

STATEMENT OF FINANCIAL POSITION - ENERGY BUSINESS

As At 31 March 1996

This Year $ Last Year $
CORPORATE OWNERSHIP:
Share Capital 8,249,998 8,249,998
Retained Earnings 549,454 -342,644
TOTAL CORPORATE OWNERSHIP 8,799,452 8,592,642

| CURRENT ASSETS: | | |
| Cash and Bank | - | 15,126 |
| Short Term Deposits | 750,000 | 2,750,000 |
| Accounts Receivable | 4,545,770 | 3,894,657 |
| Inventory | 47,778 | 49,272 |
| | | |
| TOTAL CURRENT ASSETS| 5,343,548 | 6,709,055 |

| CURRENT LIABILITIES: | | |
| Bank Overdraft | (81,845) | - |
| Sundry Creditors | (3,247,418) | (3,020,234) |
| GST Owed | (89,733) | (29,821) |
| Provision for Dividend | (413,700) | - |
| Employee Entitlements | (247,380) | - |
| | | |
| TOTAL CURRENT LIABILITIES | (4,080,076) | (3,050,055) |

| WORKING CAPITAL | 1,263,472 | 3,659,000 |
| LOAN TO SUBSIDIARY | 1,560,010 | - |
| FIXED ASSETS | 5,975,970 | 4,933,642 |
| | | |
| NET ASSETS | 8,799,452 | 8,592,642 |



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