New Zealand Gazette – 1996 – No. 126

Page 3155

✨ Financial Statements



23 SEPTEMBER NEW ZEALAND GAZETTE 3155

1996 1995

Total $000 Line $000 Energy $000 Total $000 Line $000 Energy $000
TOTAL FIXED ASSETS
- at cost 30,775 29,747 1,028 29,379 28,461 918
- at book value 125 95 30 121 94 27
- at valuations -4,162 -3,526 -637 -3,686 -3,326 -360
Sub-total 35,062 33,368 1,695 33,186 31,881 1,305
less accumulated depreciation (14,532) (13,870) (662) (13,335) (12,750) (585)
Fixed Assets as at 31 March 1996 20,531 19,498 1,033 19,851 19,131 720

Freehold land and buildings were valued by Mr G H Kelso, ANZIV, Registered Valuer of Lewis and Wright, Gisborne, in February 1996 to their net current value on the basis of their existing use and in accordance with the Asset Valuation Standards of the New Zealand Institute of Valuers.

  1. ACCOUNTS PAYABLE
Total $000 Line $000 Energy $000 Total $000 Line $000 Energy $000
Trade creditors 2,800 1,460 1,340 2,424 1,210 1,214
Customer deposits 215 120 95 212 116 96
Total Accounts Payable 3,015 1,580 1,435 2,636 1,326 1,310
  1. PROVISIONS
Total $000 Line $000 Energy $000 Total $000 Line $000 Energy $000
Provisions for tax 0 0 0 219 197 22
Employee provisions 612 466 146 608 470 138
Total provisions 612 466 146 827 667 160
  1. RESERVES

a) Share Premium Reserve

Total $000 Line $000 Energy $000 Total $000 Line $000 Energy $000
Balance - 1 April and 31 March 252 222 30 252 222 30

b) Loan Redemption Reserve

Total $000 Line $000 Energy $000 Total $000 Line $000 Energy $000
Balance - 1 April 1,252 1,252 0 1,036 1,036 0
Transfer from profits (1,252) (1,252) 0 -216 216 0
Balance - 31 March 0 0 0 1,252 1,252 0

c) Asset Revaluation Reserve

i) Freehold land

Total $000 Line $000 Energy $000 Total $000 Line $000 Energy $000
Balance - 1 April 1,134 1,056 78 0 0 0
Revaluation of land -121 -112 -9 1,134 1,056 78
Balance - 31 March 1,255 1,168 87 1,134 1,056 78

ii) Freehold buildings

Total $000 Line $000 Energy $000 Total $000 Line $000 Energy $000
Balance - 1 April 365 88 277 0 0 0
Revaluation of land 364 280 -84 365 88 277
Balance - 31 March 729 368 361 365 88 277

TOTAL RESERVES

Total $000 Line $000 Energy $000 Total $000 Line $000 Energy $000
2,236 1,758 478 3,003 2,618 385


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✨ LLM interpretation of page content

💰 Fixed Assets Summary (continued from previous page)

💰 Finance & Revenue
Fixed Assets, Distribution System, Buildings, Motor Vehicles, Plant and Equipment
  • G H Kelso, Valued freehold land and buildings

💰 Accounts Payable Summary

💰 Finance & Revenue
Accounts Payable, Trade Creditors, Customer Deposits

💰 Provisions Summary

💰 Finance & Revenue
Provisions, Tax, Employee Provisions

💰 Reserves Summary

💰 Finance & Revenue
Reserves, Share Premium, Loan Redemption, Asset Revaluation