✨ Financial Statement




16 DECEMBER

NEW ZEALAND GAZETTE

NELSON ELECTRICITY LIMITED

Statement of Financial Position as at 31 March 1997

Notes 1997 Line Business $000 1997 Other Business $000 1996 Line Business $000 1996 Other Business $000

EQUITY

Share capital | 5,000 | 0 | 5,000 | 0 |
Retained earnings| 1,252 | 121 | 1,235 | 12 |
| 6,252 | 121 | 6,235 | 12 |

Represented By

CURRENT ASSETS

Bank and cash | 66 | 0 | 200 | 0 |
Accounts receivable | 626 | 81 | 593 | 9 |
Intercompany debtors| 0 | 0 | 71 | 0 |
Investments | 2,001 | 94 | 1,336 | 9 |
| 2,693 | 175 | 2,200 | 18 |

CURRENT LIABILITIES

Creditors | 122 | 0 | 102 | 0 |
Provision for taxation | 0 | 54 | 0 | 6 |
| 122 | 54 | 102 | 6 |

WORKING CAPITAL |
| 2,571 | 121 | 2,098 | 12 |

NON CURRENT ASSETS

Fixed assets | 1 | 5,556 | 0 | 5,964 |
| 5,556 | 0 | 5,964 | 0 |

NON CURRENT LIABILITIES

Deferred taxation | 3 | 83 | 0 | 37 |
Term Loan | 1,792 | 0 | 1,790 | 0 |
| 1,875 | 0 | 1,827 | 0 |

NET ASSETS | 6,252 | 121 | 6,235 | 12 |



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🏭 Financial Performance Statement for Nelson Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statement, Nelson Electricity Limited, Revenue, Expenses, Taxation