β¨ 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

D M Reed, Director

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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VUW Te Waharoa —
NZ Gazette 1997, No 134
NZLII —
NZ Gazette 1997, No 134
β¨ LLM interpretation of page content
π
Certification of Financial Statements for Waipa Power Limited
(continued from previous page)
π Trade, Customs & Industry25 July 1997
Financial Statements, Performance Measures, Electricity, Waipa Power Limited
- D M Reed, Director
- G M Ribby, Director