✨ Financial Statements




DUNEDIN ELECTRICITY LTD

BALANCE SHEET

As At 31 March 1997

AS AT 31 MARCH 1996 NOTE AS AT 31 MARCH 1997
Line Business $000 Contracting Business $000 Generation Business $000

SHAREHOLDER'S FUNDS

| | | |
| Fully paid capital | | 2,000 | 2,800 | 28,000 |
| Revaluation reserve | | 39,690 | 2,828 | 15,841 |
| Retained earnings | | 1,630 | 3,571 | 4,357 |
| | | 43,320 | 9,199 | 48,198 |

REPRESENTED BY

| Current Assets | 2 | 2,967 | 7,730 | 1,098 |
| | | 10,573 | 2,931 | 871 |
| | 3 | (7,606) | 4,799 | 227 |
| WORKING CAPITAL | |
| Fixed Assets | 4 | 50,976 | 4,615 | 66,943 |
| Term Liabilities | 5 | 50 | 215 | 18,972 |
| Deferred Taxation | | 0 | 0 | 0 |
| NET FUNDS EMPLOYED| | 43,320 | 9,199 | 48,198 |

| | | |
| | | 74,181 | 7,979 | 48,725 |
| | | 5,122 | 6,612 | 1,465 |
| | | 10,743 | 2,649 | 1,629 |
| | | (5,621) | 3,963 | (164) |
| | | 79,848 | 4,287 | 66,929 |
| | | 46 | 271 | 18,040 |
| | | 0 | 0 | 0 |
| | | 74,181 | 7,979 | 48,725 |

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

15 SEPTEMBER

NEW ZEALAND GAZETTE



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πŸ’° Balance Sheet for Dunedin Electricity Ltd (continued from previous page)

πŸ’° Finance & Revenue
Balance Sheet, Financial Statements, Shareholder Funds, Assets, Liabilities, Dunedin Electricity Ltd