✨ Financial Statements




26 NOVEMBER

NEW ZEALAND GAZETTE

3913

TRANSPOWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1997

11. CURRENT LIABILITIES

1997 1996
$000 $000
Cash and bank 143 -
Trade creditors 55,287 43,475
Interest payable 22,187 20,116
Employee entitlements 5,101 5,795
Other provisions 433 218
Provision for dividend 39,672 31,739
Provision for current tax 4,827 19,093
Provision for deferred tax - 2,969
Short term debt 127,232 222,219
Current portion of long term debt 14,085 200,000
Current portion of lease liabilities - -
Deferred income 15,470 1,035
Total Current Liabilities 284,437 546,659

Related Party Transactions

Included in trade creditors:

1997 1996
ECNZ Group 7,703 3,082
Transpower Group associate 46 -
Contact Energy 3,574 425
BCL - 29
Works Consultancy Services - 1,123
Total 11,323 4,659

Included in interest payable:

1997 1996
Crown - 721
Total - 721

Included in current portion of long term debt:

1997 1996
Crown - 200,000
Total - 200,000


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🏭 Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Investments, Financial Statements, Transpower New Zealand Limited, Fixed Assets, Valuation, Related Party Transactions