✨ Financial Statements




2 SEPTEMBER NEW ZEALAND GAZETTE 2669

Other Business Activities
Notes to and Forming Part of the Financial Statements
For the Year Ended 31 March 1997

  1. Operating Surplus Before Taxation
    Net Surplus Before Taxation 568 576

    After Charging
    Depreciation 297 262

  2. Reserves
    Company Establishment Reserve
    Balance at 31 March 1,599 1,599

    The Company Establishment Reserve represents the difference between the issued and paid up capital and the net assets vested in the Company from the former North Canterbury Electric Power Board at 1 May 1993.

  3. Retained Earnings
    Opening Balance 87 757
    Operating Surplus 368 207
    Dividend to Lines Business (391) (877)
    Total Retained Earnings 64 87

  4. Long Term Liabilities
    Provision for Gratuities 525 490
    Total Long Term Liabilities 525 490

  5. Fixed Assets

    Assets B.V. 31.03.97 ($000) Assets B.V. 31.03.96 ($000)
    Motor Vehicles 782 683
    Plant & Equipment 432 452
    Furniture & Fittings 16 19
    Total 1,230 1,154


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✨ LLM interpretation of page content

🏭 Other Business Activities Statement of Financial Position (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Surplus, Reserves, Retained Earnings, Liabilities, Fixed Assets