✨ Financial Statements




NEW ZEALAND GAZETTE

No. 134

WAIPA POWER LIMITED - LINE BUSINESS

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 1997

Note 1997 1996
$ $

EQUITY

Authorized and paid up capital | 4 | 8,000,000 | 8,000,000 |
Reserves | 5 | 34,533,562 | 40,731,085 |
Retained earnings | 6 | 1,512,170 | 1,037,332 |
TOTAL EQUITY | | 44,045,732 | 49,768,417 |

Represented By:

CURRENT ASSETS

Cash and Bank | | 42,912 | 573,371 |
Short term investments | | 400,000 | 4,860,000 |
Receivables and prepayments | 7 | 1,125,560 | 676,426 |
Tax refund due | | 96,174 | 8,534 |
Stock | | 238,733 | 317,919 |
| | 1,903,379 | 6,436,250 |

CURRENT LIABILITIES

Creditors | 8 | 1,574,962 | 656,453 |
Provisions for Dividend | | 899,803 | 1,251,387 |
| | 2,474,765 | 1,907,840 |

WORKING CAPITAL | | (571,386) | 4,528,410 |

NON - CURRENT ASSETS

Fixed assets | 9 | 44,617,118 | 45,240,007 |
Future taxation benefit | 3 | - | - |

NET ASSETS | | 44,045,732 | 49,768,417 |

For and on behalf of the Board

Signature
D M Reed, Director

Signature
G M Ribby, Director

The accompanying notes form part of and are to be read in conjunction with these financial statements.
The financial statements have been prepared for the purpose of complying with the requirements of the Electricity (Information Disclosure) Regulations 1994 and are not intended for any other purpose.



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🏭 Certification of Financial Statements for Waipa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
25 July 1997
Financial Statements, Performance Measures, Electricity, Waipa Power Limited
  • D M Reed, Director
  • G M Ribby, Director