✨ Financial Statements




MERCURY ENERGY LIMITED & SUBSIDIARIES

30 OCTOBER

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1996 continued

19. LONG TERM PREPAYMENTS

1996 Other Activities $'000 1995 Other Activities $'000
Deposits on Fixed Asset Purchases 19,420 -
Forward Energy Supply Contracts 6,567 11,500
Total 25,987 11,500

20. DEFERRED TAXATION

1996 1995
Line Activities $'000 Electricity Retailing Activities $'000 Other Activities $'000
Balance Brought Forward 2,057 - 930
Transfer to Statement of Financial Performance - - (967)
Transfer to Current Tax (1,970) 73 94
Balance as at 31 March 1996 87 73 57

NEW ZEALAND GAZETTE



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πŸ’° Mercury Energy Financial Statements Notes (continued from previous page)

πŸ’° Finance & Revenue
Investments, Joint Ventures, Financial Statements, Mercury Energy