New Zealand Gazette – 1997 – No. 105

Page 2445

✨ Financial Statements



KING COUNTRY ENERGY LIMITED

STATEMENT OF FINANCIAL POSITION PREPARED IN ACCORDANCE WITH

THE ELECTRICITY INFORMATION DISCLOSURE REGULATIONS 1994

AS AT 31 MARCH 1997

Note Lines Business 1996/1997 Energy Business 1996/1997 Lines Business 1995/1996 Energy Business 1995/1996 Lines Business 1994/1995 Energy Business 1994/1995
Shareholders Equity:
Share Capital 6 12,426,811 3,159,838 11,963,189 3,036,811 11,963,189 3,036,811
Reserves 7 37,519 61,316 505,065 148,776 484,650 123,027
Retained Earnings 7 1,285,245 54,464 578,103 931,668 290,832 822,089
Total Equity 13,749,575 3,275,618 13,046,357 4,117,255 12,738,671 3,981,927
Represented by:
Current Assets:
Cash & Bank Balances 2,616,232 1,217,708 2,166,750 1,781,328 2,410,823 1,352,661
Receivables 8 696,283 793,563 640,969 789,876 644,936 896,811
Inventories 9 593,643 9,155 461,359 17,217 459,584 33,039
Income Tax Receivable 63,828 (6,003) 50,781 14,323 71,344 -
Total Current Assets 3,969,986 2,014,423 3,319,859 2,602,744 3,586,687 2,282,511

| Non Current Assets: | | | | | | | |
| Fixed Assets | 11 | 10,825,373 | 1,897,791 | 10,641,806 | 1,501,931 | 9,851,174 | 1,347,097 |
| Investments | 10 | 36,365 | - | 85,112 | - | 86,062 | - |
| Development Assets | 12 | - | 133,959 | - | 857,439 | - | 973,736 |
| Future Income Tax Benefit | 4 | 107,302 | 17,504 | 152,397 | 26,299 | 56,747 | 6,912 |
| Total Non Current Assets | | 10,969,040 | 2,049,254 | 10,879,315 | 2,385,669 | 9,993,983 | 2,327,745 |

| Total Assets | | 14,939,026 | 4,063,677 | 14,199,174 | 4,988,413 | 13,580,670 | 4,610,256 |

| Current Liabilities: | | | | | | | |
| Trade and Other Creditors | | (698,195) | (551,618) | (724,129) | (542,817) | (672,777) | (563,239) |
| Customer Credit Balances | | (6,545) | (187,074) | - | (256,795) | - | - |
| Provision for Holiday Pay | | (129,086) | (27,886) | (128,708) | (33,971) | (169,222) | (5,090) |
| Proposed Dividend | | (80,000) | - | (62,549) | (17,451) | - | (60,000) |
| Total Current Liabilities | | (913,826) | (766,578) | (915,386) | (851,034) | (841,999) | (628,329) |

NEW ZEALAND GAZETTE



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🏭 Certificate of Financial Statements and Performance Measures by King Country Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
28 July 1997
Electricity, Financial Statements, Performance Measures, Information Disclosure, King Country Energy