✨ Financial Statements
- ACCOUNTS RECEIVABLE
As at 31 March 1996 As at 31 March 1995
| MONOPOLY BUSINESS (Network) | GENERATION | COMPETITIVE BUSINESS (Energy Trader) | TOTAL BUSINESS | MONOPOLY BUSINESS (Network) | GENERATION | COMPETITIVE BUSINESS (Energy Trader) | TOTAL BUSINESS | |
|---|---|---|---|---|---|---|---|---|
| $ | $ | $ | $ | $ | $ | $ | $ | |
| The balance of accounts receivable comprises: | ||||||||
| Electricity and other trade debtors | 598,227 | 5,513 | 1,769,608 | 2,373,348 | 230,902 | 57,914 | 2,064,517 | 2,353,333 |
| Hire Purchase Debtors | 853,846 | 853,846 | 1,035,373 | 1,035,373 | ||||
| Less Estimated Doubtful Debts | (70,574) | (70,574) | (65,774) | (65,774) |
| Total | 598,227 | 5,513 | 2,552,880 | 3,156,620 | 230,902 | 57,914 | 3,034,116 | 3,322,932 |
The majority of hire purchase contracts are written on an interest free basis. The fair value of hire purchase debts is considered not materially different to the carrying value.
- INVENTORIES
1995/1996 1994/1995
| MONOPOLY BUSINESS (Network) | GENERATION | COMPETITIVE BUSINESS (Energy Trader) | TOTAL BUSINESS | MONOPOLY BUSINESS (Network) | GENERATION | COMPETITIVE BUSINESS (Energy Trader) | TOTAL BUSINESS | |
|---|---|---|---|---|---|---|---|---|
| $ | $ | $ | $ | $ | $ | $ | $ | |
| Reticulation Stock | 1,049,007 | 10,631 | 1,059,638 | 1,137,842 | 1,137,842 | |||
| Work in Progress (at cost) | 69,593 | 69,593 | 185,604 | 185,604 | ||||
| Retail trading Stock | 538,750 | 538,750 | 504,381 | 504,381 |
| Total | 1,049,007 | | 618,975 | 1,667,981 | 1,137,842 | | 689,985 | 1,827,827 |
Some inventories are subject to retention of title clauses.
- CREDITORS AND ACCRUALS
As at 31 March 1996 As at 31 March 1995
| MONOPOLY BUSINESS (Network) | GENERATION | COMPETITIVE BUSINESS (Energy Trader) | TOTAL BUSINESS | MONOPOLY BUSINESS (Network) | GENERATION | COMPETITIVE BUSINESS (Energy Trader) | TOTAL BUSINESS | |
|---|---|---|---|---|---|---|---|---|
| $ | $ | $ | $ | $ | $ | $ | $ | |
| Balance of creditors, accruals etc comprises: | ||||||||
| Trade Creditors and Accruals | 1,092,970 | (248,951) | 1,211,275 | 2,055,300 | 904,693 | (126,382) | 1,076,696 | 1,855,007 |
| Employee Entitlements | 118,006 | 138,502 | 256,508 | 132,545 | 169,871 | 302,416 | ||
| Customer deposits | 236,835 | 236,835 | 246,585 | 246,585 |
| Total | 1,210,982 | (248,951) | 1,586,612 | 2,548,643 | 1,037,238 | (126,382) | 1,493,152 | 2,404,008 |
The debit balance under Generation originates from the internal costing of local generation to energy Trading as at 31 March 1996.
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VUW Te Waharoa —
NZ Gazette 1996, No 97
NZLII —
NZ Gazette 1996, No 97
✨ LLM interpretation of page content
🏭
Certification of Financial Statements by Marlborough Electric Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Certification, Electricity Disclosure, Marlborough Electric Limited
💰 Accounts Receivable for Monopoly Business, Generation, and Competitive Business
💰 Finance & RevenueAccounts Receivable, Electricity, Hire Purchase, Doubtful Debts
💰 Inventories for Monopoly Business, Generation, and Competitive Business
💰 Finance & RevenueInventories, Reticulation Stock, Work in Progress, Retail Trading Stock
💰 Creditors and Accruals for Monopoly Business, Generation, and Competitive Business
💰 Finance & RevenueCreditors, Accruals, Trade Creditors, Employee Entitlements, Customer Deposits