New Zealand Gazette – 1996 – No. 124

Page 3114

✨ Electricity Company Financial Statements



NEW ZEALAND GAZETTE

No. 124

ELECTRICITY ASHBURTON LIMITED - ENERGY AND OTHER BUSINESS ACTIVITIES

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 1996

Notes 1996 $ 1995 $
REVENUE 1 16,113,176 15,510,443
OPERATING EXPENDITURE 2 15,031,147 14,850,986
DEPRECIATION 137,702 106,646
15,168,849 14,957,632
OPERATING SURPLUS before Rebate 944,327 552,811
Customer Rebates 10 430,515 0
OPERATING SURPLUS before Taxation 513,812 552,811
Taxation 3 226,155 193,822
OPERATING SURPLUS after Taxation 287,657 358,989

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEAR ENDED 31 MARCH 1996

1996 $ 1995 $
EQUITY AT THE START OF THE YEAR 384,266 25,277
Total Recognised Revenue and Expenses for the Period 287,657 358,989
EQUITY AT THE END OF THE YEAR 671,923 384,266

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 1996

Notes 1996 $ 1995 $
EQUITY:
Authorised Capital:
31,000,000 shares of $1 31,000,000 30,000,000
Issued Capital:
5,800,000 shares of $1 fully paid 5,558,330 5,558,330
Deferred Shares 9
Rebate Shares 241,670 241,670
Share Premium Reserve 775,813 775,812
Retained Earnings 671,923 384,266
TOTAL SHAREHOLDERS' EQUITY 7,247,736 6,960,078

| REPRESENTED BY: | | | |
| CURRENT ASSETS: | | | |
| Bank and Short Term Deposits | | 1,079,925 | 421,815 |
| Inventories | | 867,755 | 926,592 |
| Accounts Receivable | 5 | 3,178,067 | 3,127,530 |
| Total Current Assets: | | 5,125,747 | 4,475,937 |

| CURRENT LIABILITIES: | | | |
| Provision for Taxation | | 8,186 | 126,368 |
| Customer Rebate Payable | 10 | 484,330 | 0 |
| Accounts Payable | 6 | 1,768,818 | 1,745,674 |
| Total Current Liabilities | | 2,261,334 | 1,872,042 |

| NET CURRENT ASSETS | | 2,864,413 | 2,603,895 |

| NON CURRENT ASSETS: | | | |
| Investments | | 241,023 | 30,223 |
| Fixed Assets | 4 | 4,474,309 | 4,446,637 |
| Total Non Current Assets | | 4,715,332 | 4,476,860 |

| NON CURRENT LIABILITIES: | | | |
| Deferred Taxation | | 256,051 | 120,677 |
| Industry Loan | | 75,958 | 0 |
| | | 332,009 | 120,677 |

| TOTAL NET ASSETS | | 7,247,736 | 6,960,078 |

For and on behalf of the Board

Edwin Glass, CHAIRMAN

D G Church, DIRECTOR

DATE: 13 August 1996

The accompanying notes form part of these financial statements



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1996, No 124


NZLII — PDF NZ Gazette 1996, No 124




✨ LLM interpretation of page content

🏭 Electricity Information Disclosure for Ashburton Limited (continued from previous page)

🏭 Trade, Customs & Industry
13 August 1996
Electricity, Information Disclosure, Ashburton Limited, Regulations, Financial Statements, Accounting Policies
  • Edwin Glass, CHAIRMAN
  • D G Church, DIRECTOR