New Zealand Gazette – 1997 – No. 103

Page 2410

✨ Financial Disclosure



2410 NEW ZEALAND GAZETTE No. 103

Note 6 Accounts Payable

1997 1996
Trade Creditors $ 758,193 $ 645,178
Employee Provisions $ 311,579 $ 246,092
$ 1,069,772 $ 891,270

Note 7 Financial Commitments

Estimated capital expenditure contracted for at balance but not provided for

$ 438,529 $ 669,224

Note 8 Deferred Shares

These shares are owned by the Ashburton District Council and have no rights as to:

a) Any distribution of dividends or rebates or

b) Exercise any vote except as provided in clause 14.2 of the Company's Constitution.

c) Any distribution on a winding up of Company.

d) Any rights on amalgamation of the Company except as expressly provided in 6.2 to 6.12 of the Company's Constitution.

Note 9 Customer Rebate

Calculations for the rebate paid to each customer were based on the individual customer group's contribution to the operating surplus and allocated according to the value of their electricity purchases for the financial year.

The 1996 rebate was paid by cheque after balance date while the 1997 rebate was credited to customers' accounts prior to balance date.



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✨ LLM interpretation of page content

🏭 Electricity Information Disclosure for Ashburton Limited (continued from previous page)

🏭 Trade, Customs & Industry
13 July 1997
Electricity, Financial Performance, Revenue, Expenditure, Taxation, Accounting