New Zealand Gazette – 1996 – No. 136

Page 3276

✨ Financial Statements



Wairoa Power Limited - Other Businesses

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 1996

Note 1996 1995
SALES 3,928,296 3,610,290
Cost of Sales 3,346,825 3,349,579
Operating costs 731,445 700,033
Total Operating and Trading Costs 4,078,270 4,049,612
NET OPERATING PROFIT (149,974) (439,322)
Other Income 194,483 465,948
NET PROFIT BEFORE TAXATION 2 44,509
Provision for Taxation 3 16,196
NET PROFIT AFTER TAXATION 28,313 56,693

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEAR ENDED 31 MARCH 1996

Note 1996 1995
Equity at 1 April 1995 2,497,189 2,598,403
Net Profit for period 28,313 56,693
Movement in Asset revaluation reserve 81,000 0
Movement in Issued capital 0 12,834
Total recognised revenues and expenses for year 109,313 69,527
Dividends paid or payable (49,788) (170,741)
Equity at 31 March 1996 2,656,290 2,497,189

The accompanying notes form part of these financial statements.

  • 1 -

Wairoa Power Limited - Other Businesses

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 1996

Note 1996 1995

SHAREHOLDERS FUNDS

| Share Capital | 5 | 2,703,205 | 2,703,205 |
| Reserves | 6 | 311,058 | 230,058 |
| Retained Earnings | | (357,973) | (436,074) |
| | | 2,656,290 | 2,497,189 |

TERM LIABILITIES

| | 7 | 600,000 | 600,000 |

CURRENT LIABILITIES

| Accounts Payable and Accruals | 8 | 242,163 | 755,344 |
| Current portion term liabilities | 7 | 0 | 230,000 |
| Provision for Dividend | | 0 | 170,741 |
| | | 242,163 | 1,156,085 |

| | | 3,498,453 | 4,253,274 |

FIXED ASSETS

| | 9 | 1,778,814 | 1,747,506 |

OTHER NON CURRENT ASSETS

| Deferred Taxation | 3 | 24,608 | 30,249 |

INVESTMENTS

| | 10 | 91,279 | 62,082 |

CURRENT ASSETS

| Bank and cash | | 990,480 | 1,800,000 |
| Receivables and prepayments | 11 | 406,134 | 395,467 |
| Provision for Income Tax | | 41,310 | 35,472 |
| Inventories | 12 | 165,828 | 182,498 |
| | | 1,603,752 | 2,413,437 |

| | | 3,498,453 | 4,253,274 |

The accompanying notes form part of these financial statements.

  • 2 -

THE NEW ZEALAND GAZETTE

No. 136



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✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Financial Performance, Sales, Costs, Profit, Wairoa Power Limited

🏭 Statement of Movements in Equity for Wairoa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Equity, Net Profit, Dividends, Wairoa Power Limited

🏭 Statement of Financial Position for Wairoa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Position, Shareholders Funds, Liabilities, Assets, Wairoa Power Limited