β¨ Financial Statement
NEW ZEALAND GAZETTE
No. 121
NORTHPOWER LIMITED
STATEMENT OF FINANCIAL POSITION - ENERGY BUSINESS
As at 31 March 1997
| 1997 $ | 1996 $ | |
|---|---|---|
| CORPORATE OWNERSHIP: | ||
| Share Capital | 8,249,998 | 8,249,998 |
| Retained Earnings | 831,931 | 549,454 |
| TOTAL CORPORATE OWNERSHIP | 9,081,929 | 8,799,452 |
| CURRENT ASSETS: | | |
| Cash and Bank | 224,224 | - |
| Short Term Deposits | 2,000,000 | 750,000 |
| Accounts Receivable | 5,458,322 | 4,545,770 |
| Inventory | 57,417 | 47,778 |
| TOTAL CURRENT ASSETS | 7,739,963 | 5,343,548 |
| CURRENT LIABILITIES: | | |
| Bank Overdraft | ( - ) | (81,845) |
| Sundry Creditors | (4,514,280) | (3,247,418) |
| GST Owed | (113,380) | (89,733) |
| Provision for Dividend | (929,800) | (413,700) |
| Employee Entitlements| (250,380) | (247,380) |
| TOTAL CURRENT LIABILITIES | (5,807,840) | (4,080,076) |
| WORKING CAPITAL | 1,932,123 | 1,263,472 |
| LOAN TO SUBSIDIARY | 1,557,959 | 1,560,010 |
| FIXED ASSETS | 5,591,847 | 5,975,970 |
| NET ASSETS | 9,081,929 | 8,799,452 |
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VUW Te Waharoa —
NZ Gazette 1997, No 121
NZLII —
NZ Gazette 1997, No 121
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Certification of Financial Statements, Performance Measures and Statistics Disclosed by Northpower Ltd.
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π Trade, Customs & Industry13 August 1997
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