✨ Financial Statements
23 SEPTEMBER NEW ZEALAND GAZETTE 3127
STATEMENT OF FINANCIAL POSITION
Years ending 31 March
| Notes | 1996 Line Business $000's | 1995 Line Business $000's | 1996 Electricity Related Businesses $000's | 1995 Electricity Related Businesses $000's |
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Bank and short term deposits | - | 1,909 | 5 | 3 |
| Accounts receivable | 9,930 | 8,412 | 18,358 | 18,829 |
| Accounts receivable - internal | 7 | 10 | 2,131 | 3,301 |
| Inventories | 330 | 637 | 5,847 | 6,532 |
| Income tax | 615 | - | 35 | - |
| Intercompany balances | - | - | (2) | - |
| 10,882 | 10,968 | 26,374 | 28,665 | |
| Non-Current Assets | ||||
| Other long-term investments | 16 | 60 | - | - |
| Fixed assets | 310,912 | 301,695 | 5,372 | 5,519 |
| 310,928 | 301,755 | 5,372 | 5,519 | |
| TOTAL ASSETS | 321,810 | 312,723 | 31,746 | 34,184 |
| LIABILITIES | | | | |
| Current Liabilities | | | | |
| Bank overdraft | 77 | - | - | - |
| Accounts payable and accruals | 11,626 | 10,001 | 14,795 | 16,287 |
| Accounts payable - internal | 2,131 | 3,301 | 7 | 10 |
| Income tax | - | 1,670 | - | 270 |
| Debt due within one year | 255 | 259 | - | - |
| Provision for dividend | 3,616 | 3,478 | 250 | 634 |
| | 17,705 | 18,709 | 15,052 | 17,201 |
| SHAREHOLDERS’ EQUITY | | | | |
| Mandatory Convertible Notes | 2 | 76,000 | 76,000 | - | - |
| Ordinary shares | 2 | 69,531 | 58,121 | 10,469 | 9,794 |
| Share premium reserve | 2 | 34,766 | 29,061 | 5,234 | 4,897 |
| Retained earnings | 2 | 6,580 | 13,604 | 991 | 2,292 |
| Revaluation reserve | | 117,228 | 117,228 | - | - |
| | 304,105 | 294,014 | 16,694 | 16,983 |
| TOTAL LIABILITIES AND EQUITY | 321,810 | 312,723 | 31,746 | 34,184 |
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VUW Te Waharoa —
NZ Gazette 1996, No 125
NZLII —
NZ Gazette 1996, No 125
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Southpower Limited Financial Statements
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