New Zealand Gazette – 1996 – No. 123

Page 3100

✨ Financial Statements

NEW ZEALAND GAZETTE

No. 123

WAITAKI POWER LIMITED

STATEMENT OF FINANCIAL PERFORMANCE FOR YEAR ENDED 31 MARCH 1996

	1995-96 NETWORK	1995-96 OTHER	1995-96 TOTAL	1994-95 NETWORK	1994-95 OTHER	1994-95 TOTAL
INCOME
Sales Revenue	6,536,703	10,749,743	17,286,456	6,257,701	10,255,187	16,512,888
Investments		292,142	292,142		281,965	281,965
Other	175,331	193,733	369,064	294,568	120,552	415,120
Total	6,712,034	11,235,623	17,947,662	6,552,269	10,657,704	17,209,973

| EXPENSES | | | | | | |
| Expenses | 5,613,040 | 11,098,209 | 16,711,249 | 5,715,599 | 10,094,434 | 15,810,033 |

| SURPLUS/DEFICIT BEFORE TAX | 1,098,999 | 137,414 | 1,236,413 | 836,670 | 563,270 | 1,399,940 |
| Tax | 402,344 | 50,305 | 452,649 | 251,169 | 169,093 | 420,262 |

| SURPLUS/DEFICIT BEFORE DISCOUNT | 696,655 | 87,109 | 783,764 | 585,501 | 394,177 | 979,678 |
| DISCOUNT | 1,033,798 | 129,264 | 1,163,062 | 720,636 | 485,152 | 1,205,788 |
| Tax on Discount| 341,153 | 42,657 | 383,810 | 237,810 | 160,100 | 397,910 |

| NET SURPLUS/DEFICIT FOR THE YEAR | $4,010 | $502 | $4,512 | $102,675 | $69,125 | $171,800 |

STATEMENT OF MOVEMENT IN EQUITY FOR YEAR ENDED 31 MARCH 1996

	NETWORK	OTHER	TOTAL	NETWORK	OTHER	TOTAL
Equity at 1 April 1995	7,856,747	7,027,999	14,884,746	7,754,072	6,958,874	14,712,946
Net Surplus/Deficit for period	4,010	502	4,512	102,675	69,125	171,800
Equity at 31 March 1996	$7,860,757	$7,028,501	$14,889,258	$7,856,747	$7,027,999	$14,884,746

STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 1996

SHAREHOLDER FUNDS	1995-96 NETWORK	1995-96 OTHER	1995-96 TOTAL	1994-95 NETWORK	1994-95 OTHER	1994-95 TOTAL
Issued Capital (Fully Paid)	7,368,870	6,631,130	14,000,000	7,368,870	6,631,130	14,000,000
Share Premium	300,608	270,511	571,119	300,608	270,511	571,119
Retained Earnings	191,279	126,860	318,139	187,269	126,358	313,627

| TOTAL SHAREHOLDERS EQUITY | 7,860,757 | 7,028,501 | 14,889,258 | 7,856,747 | 7,027,999 | 14,884,746 |

| CURRENT ASSETS | | | | | | |
| Cash on Hand | 730 | 730 | 730 | 740 | 740 | 740 |
| Cash at Bank | 195,300 | 3,204,700 | 3,400,000 | 489,586 | 3,185,414 | 3,675,000 |
| Accounts Receivable | 533,354 | 756,940 | 1,290,294 | 267,766 | 957,411 | 1,225,177 |
| Work in Progress | | 281,615 | 281,615 | | 82,112 | 82,112 |
| GST | 54,582 | | 54,582 | 38,796 | | 38,796 |
| Stock | | | | 433,334 | | 433,334 |
| - Appliance Sales & Servicing | 321,343 | | 321,343 | | | |
| General | 772,795 | | 772,795 | 786,627 | | 786,627 |
| Prepayments | 34,867 | | 34,867 | 43,072 | | 43,072 |
| Taxation Refund | 90,043 | | 90,043 | 63,326 | | 63,326 |

| TOTAL CURRENT ASSETS | $728,654 | $5,517,615| $6,246,269| $757,352 | $5,590,832| $6,348,184|

| CURRENT LIABILITIES | | | | | | |
| Bank Overdraft | | 66,165 | 66,165 | | 61,291 | 61,291 |
| Accounts Payable | 258,779 | 999,722 | 1,258,501 | 222,414 | 1,189,163 | 1,411,577 |
| Holiday Pay | 26,912 | 256,338 | 283,250 | | 255,906 | 255,906 |
| GST | 38,220 | 48,020 | 86,240 | 28,095 | 36,529 | 64,624 |
| Unearned Income - Hire Purchase | | 3,808 | 3,808 | | 1,022 | 1,022 |
| Consumer Deposits | 4,453 | 5,279 | 9,732 | 4,217 | 4,633 | 8,850 |

| TOTAL CURRENT LIABILITIES | $328,364 | $1,379,332| $1,707,696| $254,726 | $1,548,544| $1,803,270|

| WORKING CAPITAL | 400,290 | 4,138,283 | 4,538,573 | 502,626 | 4,042,288 | 4,544,914 |

| NON CURRENT ASSETS | | | | | | |
| Investments (Staff Loans)| | 49,133 | 49,133 | 143,289 | | 143,289 |
| Fixed Assets | 7,460,467 | 3,504,020 | 10,964,487 | 7,354,121 | 3,476,142 | 10,830,263 |

| TOTAL ASSETS | $7,860,757 | $7,691,436| $15,552,193| $7,856,747| $7,661,719| $15,518,466|

| NON CURRENT LIABILITIES | | | | | | |
| Deferred Tax | | 162,935 | 162,935 | | 133,720 | 133,720 |
| Term Liabilities | | 500,000 | 500,000 | | 500,000 | 500,000 |

| NET ASSETS | $7,860,757 | $7,028,501| $14,889,258| $7,856,747| $7,027,999| $14,884,746|

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VUW Te Waharoa — NZ Gazette 1996, No 123

NZLII — NZ Gazette 1996, No 123

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Waitaki Power Limited Financial Performance Statement (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Income, Expenses, Surplus, Tax, Equity, Assets, Liabilities

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