New Zealand Gazette – 1997 – No. 131

Page 3053

✨ Financial Statements



17 SEPTEMBER NEW ZEALAND GAZETTE 3053

  1. ACCOUNTS PAYABLE AND ACCRUALS
Lines Generation Energy Trading
$000 $000 $000
1997 1996 1997 1996 1997 1996
Accounts payable 1,362 1,463 1,336 3,401 1,168 1,338
Dividends payable 663 0 856 0 0 0
Income tax payable 99 54 241 105 18 19
Total 2,124 1,517 2,433 3,506 1,186 1,357
  1. TERM LIABILITIES
Lines Generation Energy Trading
$000 $000 $000
1997 1996 1997 1996 1997
Repayable within twelve months 5,323 4,168 10,645 8,338 0
One to two years 2,370 2,282 4,740 4,565 0
Two to five years 1,013 2,966 2,027 5,931 0
Beyond five years 1,001 1,001 2,001 2,001 0
Total 9,707 10,417 19,413 20,835 0

Interest rates payable on the above Term Liabilities are:-

Lines Generation Energy Trading
$000 $000 $000
1997 1996 1997 1996 1997
Floating Rates 3,034 1,879 6,068 3,758 0
Fixed Rates 5.35% - 18.25% 6,673 8,538 13,345 17,077 0
Total 9,707 10,417 19,413 20,835 0

A small portion of the Term Liabilities is secured by a Special Rating Security which allows a special rate to be assessed to the rate payers by the South Taranaki District Council, should the Company default on any of the loans.

  1. SHARE CAPITAL
Lines Generation Energy Trading
$000 $000 $000
1997 1996 1997 1996 1997
Issued and Paid Up Capital
Ordinary Shares of $1 Each
35,050,000 issued shares 15,301 15,301 19,743 19,743 6


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🏭 Statement of Financial Position for Egmont Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Taxation, Capital Reserves, Investments, Egmont Electricity Limited