New Zealand Gazette – 1997 – No. 106

Page 2470

✨ Financial Statements



Wairoa Power Limited - Other Businesses

STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 MARCH 1997

Note 1997 1996
SALES 3,810,372 3,928,296

Cost of Sales
| Operating costs | 3,182,147 | 3,346,825 |
| | 932,695 | 731,445 |

Total Operating and Trading Costs | 4,114,842 | 4,078,270 |

NET OPERATING PROFIT | (304,470) | (149,974) |

Other Income | 557,858 | 194,483 |

NET PROFIT BEFORE TAXATION | 2 | 253,388 | 44,509 |

Provision for Taxation | 3 | 87,112 | 16,196 |

NET PROFIT AFTER TAXATION | 166,276 | 28,313 |

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEAR ENDED 31 MARCH 1997

Note 1997 1996
Equity at 1 April 1996 2,656,290

Net Profit for period | 166,276 | 28,313 |

Movement in valuation of land & buildings | - | 81,000 |

Total recognised revenues and expenses for year | 166,276 | 109,313 |

Dividends paid or payable | 118,975 | (49,788) |

Equity at 31 March 1997 | 2,703,591 | 2,656,290 |

The accompanying notes form part of these financial statements.

Wairoa Power Limited - Other Businesses

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 1997

Note 1997 1996

SHAREHOLDERS FUNDS | 2,703,591 | 2,656,290 |

TERM LIABILITIES | 5 | 600,000 | 600,000 |

CURRENT LIABILITIES
| Accounts Payable and Accruals | 6 | 186,923 | 242,163 |
| Provision for Dividend | | 118,975 | - |
| | | 305,898 | 242,163 |

Total Liabilities | 3,609,489 | 3,498,453 |

NON CURRENT ASSETS
| Fixed Assets | 7 | 1,769,278 | 1,778,814 |
| Deferred Taxation | 3 | 19,133 | 24,608 |
| Investments | 8 | 190,601 | 91,279 |

Total Non Current Assets | 1,979,012 | 1,894,701 |

CURRENT ASSETS
| Bank and cash | | 959,153 | 990,480 |
| Receivables and prepayments | 11 | 379,829 | 406,134 |
| Provision for Income Tax | | 130,102 | 41,310 |
| Inventories | 12 | 161,393 | 165,828 |

Total Current Assets | 1,630,477 | 1,603,752 |

Total Assets | 3,609,489 | 3,498,453 |

The accompanying notes form part of these financial statements.

THE NEW ZEALAND GAZETTE
No. 106



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✨ LLM interpretation of page content

🏭 Statement of Financial Performance for Wairoa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Sales, Operating Costs, Net Profit, Taxation, Wairoa Power Limited

🏭 Statement of Movements in Equity for Wairoa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Equity, Net Profit, Dividends, Land and Buildings Valuation, Wairoa Power Limited

🏭 Statement of Financial Position for Wairoa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Position, Shareholders Funds, Liabilities, Assets, Fixed Assets, Investments, Wairoa Power Limited