β¨ Financial Statements
Wairoa Power Limited - Other Businesses
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1997 continued
- INVESTMENTS
Investments are stated at cost and comprise:
| 1997 | 1996 | |
|---|---|---|
| Investments in Companies (unquoted) | 50,770 | 62,015 |
| Sinking Fund Deposits | 34,600 | 29,264 |
| Other Deposits | 4,355 | -- |
| Local Authority Stock | 100,876 | -- |
| 190,601 | 91,279 |
Sinking Funds:
Deposits are lodged with the Public Trust Office and National Provident Fund. Interest received on these funds is currently 11.4%.
- RECEIVABLES AND PREPAYMENTS
| 1997 | 1996 | |
|---|---|---|
| Trade debtors | -- | -- |
| Other receivables | 379,829 | 406,134 |
| 379,829 | 406,134 |
- INVENTORIES
| 1997 | 1996 | |
|---|---|---|
| Showroom Inventory | 81,341 | 84,816 |
| Appliance Servicing Inventory | 80,052 | 81,011 |
| 161,393 | 165,828 |
Wairoa Power Limited - Other Businesses
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1997 continued
- CONTINGENT LIABILITIES
Guarantee of bank overdraft facility for Energy Brokers New Zealand Limited to a limit of
| 1997 | 1996 | |
|---|---|---|
| 2,000,000 | 24,000 |
At balance date the amount of the bank overdraft so guaranteed was...
- COMMITMENTS
| 1997 | 1996 | |
|---|---|---|
| Capital Commitments | -- | -- |
Estimated capital expenditure contracted for at balance date but not provided for...
Operating Lease commitments
The company has no non-cancelable operating leases.
THE NEW ZEALAND GAZETTE
No. 106
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VUW Te Waharoa —
NZ Gazette 1997, No 106
NZLII —
NZ Gazette 1997, No 106
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Wairoa Power Limited Financial Statements
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Investments, Receivables, Inventories, Contingent Liabilities, Commitments