✨ Financial Statements
11 OCTOBER NEW ZEALAND GAZETTE
CAPITAL POWER LIMITED
NOTES TO THE FINANCIAL STATEMENTS ... continued
| LINE BUSINESS | ENERGY BUSINESS | TOTAL | |
|---|---|---|---|
| 31-Mar-96 | 31-Mar-95 | 31-Mar-96 | |
| $000 | $000 | $000 |
2 SHARE CAPITAL
Paid Up Capital of 50,000,000 Ordinary Shares
| | 33,403 | 33,403 | 16,597 | 16,597 | 50,000 | 50,000 |
Capital Note
| | 4,803 | 4,803 | 2,197 | 2,197 | 7,000 | 7,000 |
TOTAL SHARE CAPITAL
| | 38,206 | 38,206 | 18,794 | 18,794 | 57,000 | 57,000 |
The issue of shares and Capital Note was effective on 1 September 1993 in accordance with the approved Capital Power Establishment Plan.
The Capital Note of $7,000,000 was subscribed for by Capital Holdings Limited. The major features of the terms of the Capital Note are a ten year term expiring 31 December 2003. The interest rate is reset at 30 June and 31 December each year based on the six-month bank bill mid rate plus a margin. The Capital Note can be converted to ordinary shares or repaid at the option of the Company.
| LINE BUSINESS | ENERGY BUSINESS | TOTAL | |
|---|---|---|---|
| 31-Mar-96 | 31-Mar-95 | 31-Mar-96 | |
| $000 | $000 | $000 |
3 RESERVES
Dry Weather Reserve
Opening Balance
| | - | - | 1,308 | - | 1,308 | -
Transfer from Retained Earnings
| | - | - | 2,665 | 1,308 | 2,665 | 1,308 |
TOTAL RESERVES
| | - | - | 3,973 | 1,308 | 3,973 | 1,308 |
The dry weather reserve is the after tax result of the spot market trading. This reserve will be used to offset exposure to high spot prices.
4 ACCOUNTS PAYABLE AND ACCRUALS
Consumer Deposits
| | - | - | 1,592 | 1,501 | 1,592 | 1,501 |
Goods and Services Tax
| | 573 | 481 | 159 | 206 | 732 | 687 |
Employee Entitlements
| | 362 | 503 | 241 | 336 | 603 | 839 |
Trade Creditors
| | 3,546 | 1,820 | 17,347 | 6,506 | 20,893 | 8,326 |
TOTAL ACCOUNTS PAYABLE AND ACCRUALS
| | 4,481 | 2,804 | 19,339 | 8,549 | 23,820 | 11,353 |
5 CASH AND SHORT TERM INVESTMENTS
Cash
| | 192 | 350 | 33 | 166 | 225 | 516 |
Short Term Deposits
| | 5,025 | 7,078 | 865 | 4,092 | 5,890 | 11,170 |
TOTAL CASH AND SHORT TERM INVESTMENTS
| | 5,217 | 7,428 | 898 | 4,258 | 6,115 | 11,686 |
6 ACCOUNTS RECEIVABLE
Trade Debtors
| | 6,073 | 4,572 | 5,832 | 4,541 | 11,905 | 9,113 |
Sundry Debtors
| | - | - | 330 | - | 330 | -
Other
| | 78 | 84 | 1,255 | 1,373 | 1,333 | 1,457 |
| | 6,151 | 4,656 | 7,417 | 5,914 | 13,568 | 10,570 |
Less: Provision for Doubtful Debts
| | 258 | 476 | 311 | 524 | 569 | 1,000 |
TOTAL ACCOUNTS RECEIVABLE
| | 5,893 | 4,180 | 7,106 | 5,390 | 12,999 | 9,570 |
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1996, No 145
NZLII —
NZ Gazette 1996, No 145
✨ LLM interpretation of page content
🏭
Notes to the Financial Statements for Capital Power Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Share Capital, Reserves, Accounts Payable, Cash Investments, Accounts Receivable