New Zealand Gazette – 1996 – No. 99

Page 2578

✨ Financial Statement

2578 NEW ZEALAND GAZETTE No. 99

            Power New Zealand Limited

2.6 STATEMENT OF FINANCIAL POSITION

As at 31 March 1996	Notes	1996	1995	1996	1995
		Network	Network	Business Unit(s)	Business Unit(s)
		($000)	($000)	Energy	Energy
				($000)	($000)
Issued and Paid Up Capital	6	75,735	75,735	0	0
Revaluation Reserves	7	371,578	370,312	0	0
Share Premium Reserve	7	40,724	40,724	0	0
Other Reserves	7	66,678	66,678	19,891	19,891
Retained Earnings	7	16,006	24,014	45,699	38,538
Total Shareholders’ Equity		570,721	577,463	65,590	58,429

Current Assets


Inter-Business Unit Receivable		98	495	1,076	568
Cash at Bank		57,722	51,033	18,354	15,472
Accounts Receivable	8	20,240	21,491	18,300	14,199
Inventory		(2)	0	7	87
Total Current Assets		78,058	73,019	37,737	30,326

Less current liabilities


Inter-Business Unit Payable	5,508	5,299	710	338
Accounts Payable	6,880	10,883	14,467	14,557
Bank Loan	0	7	0	0
Provision for Dividend	15,849	11,212	4,729	3,343
Provision for Taxation	(2,727)	1,307	(813)	390
Sundry Payables	1,761	2,103	560	987
Total Current Liabilities	27,271	30,811	19,653	19,615

| Working Capital | | 50,787 | 42,208 | 18,084 | 10,711 |
| Reticulation Assets | 9 | 524,195 | 522,324 | 0 | 0 |
| Non-Reticulation Assets | 9 | 13,829 | 17,197 | 826 | 872 |
| | | 588,811 | 581,729 | 18,910 | 11,583 |

Non-current Liabilities


	10	3,427	1,622	0	0
Long Term Inter-Business Unit Funding		14,663	2,644	(46,680)	(46,846)
Net Assets		570,721	577,463	65,590	58,429

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VUW Te Waharoa — NZ Gazette 1996, No 99

NZLII — NZ Gazette 1996, No 99

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🌾 Report on Performance Measures by Auditor for Power New Zealand Limited (continued from previous page)

Domain🌾 Primary Industries & Resources
Dated22 August 1996
KeywordsElectricity, Performance Measures, Audit Report, Financial Efficiency, Regulations

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