✨ Financial Statements




KING COUNTRY ENERGY LIMITED

NOTES TO THE ANNUAL FINANCIAL STATEMENTS PREPARED IN ACCORDANCE
WITH THE ELECTRICITY INFORMATION DISCLOSURE REGULATIONS 1994

FOR THE YEAR ENDED 31 MARCH 1996

Note Lines Business 1995/1996 Energy Business 1995/1996 Lines Business 1994/1995 Energy Business 1994/1995
  1. RECEIVABLES
    Trade and Sundry Debtors
    | | 640,969 | 789,876 | 644,936 | 896,811 |

  2. INVENTORY
    Inventory comprises:
    Stocks of Materials for Line Construction & Maintenance
    | | 461,359 | - | 459,584 | - |
    Finished goods and parts
    | | - | 17,217 | - | 33,039 |
    | | 461,359 | 17,217 | 459,584 | 33,039 |

  3. INVESTMENTS
    Staff Housing Loans
    | | 85,112 | - | 86,062 | - |

  4. FIXED ASSETS
    Distribution Equipment

  • Cost
    | | 15,521,278 | - | 14,515,339 | - |
  • Less Accumulated Depreciation
    | | (6,857,781) | - | (6,251,566) | - |
  • Book Value
    | | 8,663,497 | - | 8,263,773 | - |

Generation Equipment

  • Cost Plant and Machinery
    | | - | 1,366,306 | - | 853,087 |
  • Valuation Land and Buildings
    | | - | 265,000 | - | 306,244 |
    | | - | 1,631,306 | - | 1,159,331 |
  • Less Accumulated Depreciation
    | | - | (322,197) | - | (307,430) |
  • Book Value
    | | - | 1,309,109 | - | 851,901 |

Land

  • Cost
    | | 10,020 | 445 | 8,253 | 445 |
  • Valuation
    | | 295,845 | 16,555 | 306,845 | 16,555 |
  • Book Value
    | | 305,865 | 17,000 | 315,098 | 17,000 |

21 AUGUST

NEW ZEALAND GAZETTE



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πŸ’° King Country Energy Limited Annual Financial Statements (continued from previous page)

πŸ’° Finance & Revenue
Financial Statements, Revenue, Expenses, Energy, Lines Business