✨ Financial Statements




NEW ZEALAND GAZETTE

No. 98

Electro Power Limited

Line Business

Statement of Financial Position

as at 31 March 1996

| | Note | 1996
| | | $'000 | 1995
| | | | $'000
|----------------|------|-------|-------
| SHAREHOLDERS' FUNDS | | |
| Share capital | 4 | 12,345 | 12,345 |
| Retained earnings | | 2,157 | 1,757 |
| TOTAL SHAREHOLDERS' FUNDS | | 14,502 | 14,102 |

Represented by:

| CURRENT ASSETS | | |
| Short term deposits | 5 | 1,575 | 1,100 |
| Accounts receivable | 6 | 1,185 | 1,203 |
| Inventory | | 294 | 354 |
| Provision for taxation | | 119 | - |
| TOTAL CURRENT ASSETS | | 3,173 | 2,657 |

| FIXED ASSETS | 7 | 20,882 | 19,711 |

| TOTAL ASSETS | | 24,055 | 22,368 |

| CURRENT LIABILITIES | | |
| Bank overdraft | | 84 | 69 |
| Sundry creditors | 8 | 1,969 | 1,573 |
| Provision for taxation | | - | 124 |
| TOTAL CURRENT LIABILITIES | | 2,053 | 1,766 |

| LONG TERM LIABILITIES | 9 | 7,500 | 6,500 |

| TOTAL LIABILITIES | | 9,553 | 8,266 |

| NET ASSETS | | 14,502 | 14,102 |

The statement of accounting policies and the accompanying notes on pages 4 to 10 form part of and are to be read in conjunction with these financial statements.



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🏭 Financial statement disclosure for the Line Business and Electricity Retailing Business (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statement, Disclosure, Line Business, Electricity Retailing