✨ Financial Statements




Wairoa Power Limited - Other Businesses

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1997 continued

  1. 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%.

  1. RECEIVABLES AND PREPAYMENTS
1997 1996
Trade debtors -- --
Other receivables 379,829 406,134
379,829 406,134
  1. 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

  1. 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...

  1. 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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🏭 Wairoa Power Limited Financial Statements (continued from previous page)

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Financial Statements, Investments, Receivables, Inventories, Contingent Liabilities, Commitments