β¨ 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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VUW Te Waharoa —
NZ Gazette 1997, No 101
NZLII —
NZ Gazette 1997, No 101
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Certification of Financial Statements by Westpower Limited
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