New Zealand Gazette – 1997 – No. 113

Page 2646

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 113

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

as at 31 March 1997

Note 1997 1996
Total $000 Line $000 | Energy $000 | Total $000 | Line $000 | Energy $000

CURRENT ASSETS
Cash 5,314 5,089 225 3,897 3,560 337
Receivables 6 4,474 2,014 2,460 4,211 2,195 2,016
Tax receivable 5 97 74 23 291 278 13
Inventories 7 1,230 835 395 1,261 805 456
TOTAL CURRENT ASSETS 11,115 8,012 3,103 9,660 6,838 2,822

NON-CURRENT ASSETS
Future tax benefit 5 544 544 0 607 607 0
Investments 8 13 0 13 0 0 0
Investments in associates 9 36 0 36 23 0 23
Fixed Assets 10 20,642 19,562 1,080 20,531 19,498 1,033
TOTAL NON-CURRENT ASSETS 21,235 20,106 1,129 21,161 20,105 1,056
TOTAL ASSETS 32,350 28,118 4,232 30,821 26,943 3,878

CURRENT LIABILITIES
Borrowings 11 14 7 7 8 8 0
Accounts payable 12 2,925 1,501 1,424 3,015 1,580 1,435
Provisions 13 692 544 148 612 466 146
TOTAL CURRENT LIABILITIES 3,631 2,052 1,579 3,635 2,054 1,581

NON-CURRENT LIABILITIES
Borrowings 11 71 43 28 9 9 0
Term liabilities - subordinated debt 10,000 10,000 0 10,000 10,000 0
TOTAL NON-CURRENT LIABILITIES 10,071 10,043 28 10,009 10,009 0
TOTAL LIABILITIES 13,702 12,095 1,607 13,644 12,063 1,581

NET ASSETS

                        |     18,648 | 16,023 |  2,625 |   17,177 | 14,880 |  2,297 |

SHAREHOLDERS EQUITY
Share capital 10,000 8,503 1,497 10,000 8,503 1,497
Reserves 14 2,390 1,882 508 2,236 1,758 478
Retained Earnings 15 6,258 5,638 620 4,941 4,619 322
TOTAL SHAREHOLDERS EQUITY 18,648 16,023 2,625 17,177 14,880 2,297

The accompanying notes are an integral part of these financial statements.



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✨ LLM interpretation of page content

🏭 Financial Statements for Eastland Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
8 August 1997
Financial Statements, Electricity, Information Disclosure, Eastland Energy