New Zealand Gazette – 1996 – No. 136

Page 3282

✨ Financial Statements



Wairoa Power Limited - Lines Business

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 1996

Note 1996 1995
SALES
3,639,751 3,964,340
  • Cost of Sales 877,272 1,177,629
  • Operating costs 1,906,374 1,861,480

Total Operating and Trading Costs

| | 2,783,646 | 3,039,109 |

NET OPERATING PROFIT

| | 856,105 | 925,231 |

  • Other Income 113,950 67,653

NET PROFIT BEFORE TAXATION

| | 970,055 | 992,784 |

  • Provision for Taxation 353,041 284,715

NET PROFIT AFTER TAXATION

| | 617,014 | 708,069 |

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEAR ENDED 31 MARCH 1996

Note 1996 1995
Equity at 1 April 1995 5,437,444 5,079,365
Net Profit for period 617,014 708,069
Movement in Asset revaluation reserve 1,081,975 1,118,632
Movement in Issued capital 0 22,686
Total recognised revenues and expenses for year 1,698,989 1,849,287
Dividends paid or payable 422,601 425,760

Equity at 31 March 1996

| | 6,713,832 | 5,502,672 |

The accompanying notes form part of these financial statements.

  • 13 -

Wairoa Power Limited - Lines Business

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 1996

Note 1996 1995
SHAREHOLDERS FUNDS
Share Capital 5 4,753,053
Reserves 6 69,889
Retained Earnings 825,599

| | 5,648,541 | 5,437,444 |

CURRENT LIABILITIES

| Accounts Payable and Accruals | 8 | 682,479 | 863,953 |
| Current portion term liabilities | 7 | - | 79,000 |
| Provision for Dividend | | 422,601 | 425,760 |
| Provision for Income Tax | | 83,190 |

| | 1,105,080 | 1,451,903 |

TOTAL CURRENT LIABILITIES

| | 6,753,621 | 6,889,347 |

FIXED ASSETS

| | 9 | 4,183,239 | 4,306,941 |

OTHER NON CURRENT ASSETS

| Deferred Taxation | 3 | 19,656 | 33,291 |

INVESTMENTS

| | 10 | - | 24,158 |

CURRENT ASSETS

| Bank & Cash | 11 | 1,421,739 | 692,812 |
| Receivables and prepayments | | 871,431 | 1,241,364 |
| Inventories | 12 | 257,565 | 290,781 |

| | 2,550,735 | 2,524,957 |

The accompanying notes form part of these financial statements.

  • 14 -

THE NEW ZEALAND GAZETTE

No. 136



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1996, No 136


NZLII — PDF NZ Gazette 1996, No 136




✨ LLM interpretation of page content

🏭 Wairoa Power Limited - Lines Business Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
31 March 1996
Financial Performance, Movements in Equity, Financial Position, Wairoa Power Limited