β¨ 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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VUW Te Waharoa —
NZ Gazette 1997, No 165
NZLII —
NZ Gazette 1997, No 165
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π
Notes to the Financial Statements
(continued from previous page)
π Trade, Customs & IndustryInvestments, Financial Statements, Transpower New Zealand Limited, Fixed Assets, Valuation, Related Party Transactions