New Zealand Gazette – 1997 – No. 111

Page 2611

✨ Financial Statements



1 SEPTEMBER NEW ZEALAND GAZETTE 2611

LINE BUSINESS NOTES TO THE ACCOUNTS

  1. Current Assets

Debtors - less provision for doubtful debts 31.03.97 31.03.96
$ $
Stock 1,496,817 1,388,437
Cash at Bank 2,087,856 1,692,258
Other Current Assets (2,268,886) (695,520)
70,509 281,478
———————— ————————
$1,386,296 $2,666,653

  1. Current Liabilities

Creditors 31.03.97 31.03.96
$ $
Provision for holiday pay 746,617 1,090,565
174,468 181,868
———————— ————————
$921,085 $1,272,433

  1. Fixed Assets

                                   Cost       Accum    31.03.97    31.03.96
                                        Deprec   Net Book  Net Book
                                               Value     Value

    Reticulation 35,185,713 14,524,325 20,661,388 15,488,931
    Land 278,979 -- 278,979 --
    Motor Vehicles 1,685,707 766,434 919,273 719,185
    Plant 664,043 151,083 512,960 567,064
    Furniture and Fittings 3,032 1,776 1,256 2,783
    Computer Equipment 107,300 21,792 85,508 7,518
    Office Equipment 1,753 443 1,310 --
    Capital Work in Progress 767,330 -- 767,330 3,987,182
    Allocation of Corporate
    Services Assets 951,283 477,812 473,472 506,968
    Allocation of Engineering
    Services Assets 2,242,948 437,839 1,805,107 1,695,582
    ———————— ———————— ———————— ————————
    $41,888,087 $16,381,504 $25,506,583 $22,975,213

  2. Optimised Deprival Valuation (ODV) of Reticulation Assets

Opening ODV Valuation at 31.3.95 31.03.97 31.03.96
$ $
Movements in ODV Valuation 46,558,396 46,558,396
Closing ODV Valuation -- --
———————— ————————
46,558,396 46,558,396

Net Book Value of Reticulation Assets at 31.3.95
14,425,225 14,425,225

ODV Valuation exceeds initial Net Asset Value by:
$32,133,171 $32,133,171



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🏭 Central Electric Limited Line Business Financial Performance (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Revenue, Expenditure, Taxation, Profit, Dividends, Retained Earnings