New Zealand Gazette – 1996 – No. 98

Page 2559

✨ Financial Statements



2 SEPTEMBER NEW ZEALAND GAZETTE 2559

Electro Power Limited

Electricity Retailing Business

Notes to and forming part of the financial statements

for the year ended 31 March 1996

7 FIXED ASSETS

| | Cost | Accumulated | Net Book | Net Book |
|----------------|-------| Depreciation | Value | Value |
| | $'000 | $'000 | 31/3/96 | 31/3/95 |
| | | | $'000 | $'000 |
| Land | 3 | - | 3 | 3 |
| Motor vehicles | 34 | 13 | 21 | 28 |
| Furniture and fittings | 148 | 45 | 103 | 42 |
| Computer equipment | 249 | 133 | 116 | 192 |
| Total | 434 | 191 | 243 | 265 |

8 SUNDRY CREDITORS

1996 1995
$'000 $'000
Trade creditors 822 827
Sundry creditors and accruals 159 17
Customer deposits 146 135
Total 1,127 979

9 CONTINGENT LIABILITIES

There were no significant contingent liabilities as at 31 March 1996 (1995: $25,000).

10 CAPITAL COMMITMENTS

There were no significant capital commitments as at 31 March 1996 (1995: nil).

11 SEGMENTAL REPORTING

Electro Power Limited operates predominantly in one industry, the supply and distribution of electricity. All operations are carried out within New Zealand, and are therefore within one geographical segment for reporting purposes.



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✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Financial Statement, Fixed Assets, Sundry Creditors, Contingent Liabilities, Capital Commitments, Segmental Reporting, Electricity Retailing, Operating Revenues, Operating Expenses, Taxation, Retained Earnings, Accounting Policies, Financial Instruments, Hedges, Mark to Market