New Zealand Gazette – 1996 – No. 147

Page 3521

✨ Financial Statements



11 OCTOBER
NEW ZEALAND GAZETTE
3521

CITIPOWER LIMITED

NOTES TO THE FINANCIAL STATEMENTS ... continued

LINE BUSINESS ENERGY BUSINESS TOTAL
31-Mar-96 $ 31-Mar-95 $ 31-Mar-96 $ 31-Mar-95 $ 31-Mar-96 $ 31-Mar-95 $
2 SHARE CAPITAL
Paid Up Capital of 100 Ordinary Shares - - - 100 100 100
TOTAL SHARE CAPITAL - - - 100 100 100
Shareholders
Capital Power Limited - - 100 99 100 99
Wellington City Council - - - 1 - 1
- - 100 100 100 100
LINE BUSINESS ENERGY BUSINESS TOTAL
31-Mar-96 $000 31-Mar-95 $000 31-Mar-96 $000 31-Mar-95 $000 31-Mar-96 $000 31-Mar-95 $000
3 ACCOUNTS PAYABLE AND ACCRUALS
Consumer Deposits - - 32 48 32 48
Trade Creditors 513 387 1,320 978 1,833 1,365
Nelson City Council Participation Fee Payable 575 251 - - 575 251
Capital Power Limited Management Fee Payable 575 367 95 - 670 367
TOTAL ACCOUNTS PAYABLE AND ACCRUALS 1,663 1,005 1,447 1,026 3,110 2,031
4 CASH AND SHORT TERM INVESTMENTS
Cash and Short Term Investments are held with banks in New Zealand
Cash - (372) - 389 - 17
Short Term Investments 184 291 786 149 970 440
TOTAL CASH AND SHORT TERM INVESTMENTS 184 (81) 786 538 970 457
5 ACCOUNTS RECEIVABLE
Trade Debtors 811 714 878 773 1,689 1,487
Sundry Debtors 296 154 36 19 332 173
Other 678 698 - - 678 698
1,785 1,566 914 792 2,699 2,358
Less: Provision for Doubtful Debts 362 440 185 165 547 605
TOTAL ACCOUNTS RECEIVABLE 1,423 1,126 729 627 2,152 1,753
6 STOCK AND WORK IN PROGRESS
Trading Stock 217 227 62 65 279 292
Less: Obsolescence Provision - - 23 37 23 37
TOTAL STOCK AND WORK IN PROGRESS 217 227 39 28 256 255
7 FIXED ASSETS
Buildings - - 87 87 87 87
Less: Accumulated Depreciation - - 3 3 3 3
- - 84 84 84 84
Motor Vehicles, Plant and Equipment 213 176 223 184 436 360
Less: Accumulated Depreciation 100 76 94 71 194 147
113 100 129 113 242 213
TOTAL FIXED ASSETS 113 100 213 197 326 297


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🏭 Citipower Limited Financial Performance Statement (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Electricity, Income, Expenses, Citipower Limited