New Zealand Gazette – 1996 – No. 98

Page 2549

✨ Financial Statements



2 SEPTEMBER NEW ZEALAND GAZETTE 2549

Electro Power Limited

Line Business

Notes to and forming part of the financial statements
for the year ended 31 March 1996

6 ACCOUNTS RECEIVABLE

Electricity debtors 1,081 918
Sundry debtors 97 258
Hire purchase debtors - 3
1,178 1,179
Less provision for doubtful debts (59) (54)
1,119 1,125
Other receivables and prepaid expenses 48 21
Work in progress 18 57
1,185 1,203

7 FIXED ASSETS

                       Cost      Accumulated    Net Book     Net Book
                      $'000     Depreciation   Value        Value
                                  $'000      31/3/96      31/3/95
                                  $'000      $'000        $'000

Land 886 - 886 881
Buildings 1,043 82 961 863
Distribution network 19,157 2,470 16,687 16,080
Motor vehicles 824 370 454 366
Mobile plant 69 42 27 39
Furniture and fittings 840 253 587 157
Computer equipment 1,549 809 740 644
Other plant & equipment 511 119 392 110
Capital work in progress 148 - 148 571
Net book value 25,027 4,145 20,882 19,711

The Government Valuation of land and buildings is $2,262,000

8 SUNDRY CREDITORS

Trade creditors 1,072 882
Sundry creditors and accruals 739 553
Customer deposits 158 138
1,969 1,573

8



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✨ LLM interpretation of page content

🏭 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, Accounting Policies, Taxation, Deferred Tax, Financial Instruments, Hedges, Mark to Market