✨ Financial Statements




NEW ZEALAND GAZETTE

22 AUGUST

2377

WESTPOWER LIMITED

STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 MARCH 1997

Note LINES BUSINESS GENERATION BUSINESS OTHER BUSINESSES
1997 1996 1997
$'000 $'000 $'000

TOTAL EQUITY
| 3 | 29,373 | 28,148 | 29,525 | 27,937 | 2,563 | 2,407 |

CURRENT ASSETS:
Bank & Cash
| | (2,243)| (1,067)| 3,790 | 3,108 | 272 | (657) |
Debtors
| | 656 | 525 | 14 | 156 | 1,810 | 1,929 |
Income Tax Refund Due
| | 167 | 145 | 253 | 152 | 34 | (14) |
Inventories - Reticulation
| | 610 | 807 | 0 | 0 | 0 | 0 |

  • Appliance Sales & Servicing
    | | 0 | 0 | 0 | 0 | 43 | 631 |
    | | (810) | 410 | 4,057 | 3,416 | 2,159 | 1,889 |

NON-CURRENT ASSETS:
Investments
| | 85 | 79 | 128 | 117 | 293 | 110 |
Fixed Assets
| 2 | 37,295 | 35,484 | 40,271 | 40,938 | 1,388 | 1,682 |
| | 37,380 | 35,563 | 40,399 | 41,055 | 1,681 | 1,792 |

TOTAL ASSETS
| | 36,570 | 35,973 | 44,456 | 44,471 | 3,840 | 3,681 |

CURRENT LIABILITIES:
Bank Account
| | 0 | 0 | 0 | 0 | 0 | 0 |
Creditors, Accruals & Consumer Deposits
| | 1,783 | 1,318 | 368 | 513 | 1,047 | 1,025 |
Short-term Loan - West Coast EP Trust
| | 0 | 0 | 0 | 0 | 0 | 0 |
Current Portion of Long-Term Liabilities
| | 0 | 263 | 0 | 395 | 0 | 0 |
| | 1,783 | 1,581 | 368 | 908 | 1,047 | 1,025 |

NON-CURRENT LIABILITIES:
Borrowings
| | 5,027 | 5,751 | 14,508 | 15,570 | 0 | 0 |
Provision for Retiring Gratuities
| | 387 | 493 | 55 | 56 | 230 | 249 |
| | 5,414 | 6,244 | 14,563 | 15,626 | 230 | 249 |

TOTAL LIABILITIES
| | 7,197 | 7,825 | 14,931 | 16,534 | 1,277 | 1,274 |

NET ASSETS
| | 29,373 | 28,148 | 29,525 | 27,937 | 2,563 | 2,407 |

The accompanying notes form part of and are to be read in conjunction with these financial statements.



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