✨ Financial Statements




NEW ZEALAND GAZETTE

9 DECEMBER

THE POWER COMPANY LIMITED

LINE & ENERGY BUSINESS

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 1996

1995 1996
Line Business

Current Assets

Cash at Bank | 1,207,100 | - | 829,157 |
Receivables | 690,547 | 788,343 | 192,657 |
Cash Investments | 15,800,000 | 83,357 | 2,456,643 |
Inventories | 496,659 | 418,012 | 575,243 |

Total Current Assets | 18,194,306 | 1,289,712 | 4,053,700 |

Non-Current Assets

Capital Work in Progress | 1,384,295 | 4,980,265 | - |
Fixed Assets | 32,548,114 | 30,005,349 | 1,208,621 |

Total Non-Current Assets | 33,932,409 | 34,985,614 | 1,208,621 |

TOTAL ASSETS | $52,126,715 | $36,275,326 | $5,262,321 |

Current Liabilities

Bank overdraft | 2,083,775 | 366,111 | - |
Accounts Payable and Accruals | 135,476 | 2,293,543 | 103,759 |
Provision for Tax | - | (282,676) | 136,749 |
Provision for Deferred Tax | 49,919 | 45,308 | 58,190 |

Total Current Liabilities | 2,269,170 | 2,422,286 | 298,698 |

Term Liabilities

                 | -              | 10,885,293          | 1,114,707       |

TOTAL LIABILITIES | 2,269,170 | 13,307,579 | 1,413,405 |

Owners' Equity

Capital Reserve | 15,268,105 | 27,605,669 | 2,026,068 |
Retained Earnings | 34,589,440 | (4,637,922) | 682,848 |
Shareholder Loan | - | - | 1,140,000 |

Total Owners' Equity | 49,857,545 | 22,967,747 | 3,848,916 |

TOTAL LIABILITIES AND EQUITY | $52,126,715 | $36,275,326 | $5,262,321 |



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✨ LLM interpretation of page content

πŸ’° Financial Performance Statement for The Power Company Limited (continued from previous page)

πŸ’° Finance & Revenue
Financial Performance, Income, Cost of Sales, Gross Profit, Overheads, Expenses, Depreciation, Taxation, Net Profit