✨ Financial Statements
NEW ZEALAND GAZETTE
1 AUGUST
1965
Counties Power Limited and Subsidiary
Parent and Consolidated
STATEMENT OF FINANCIAL POSITION - LINE BUSINESS
As at 31 March 1997
| Notes | 31 March 1997 | 31 March 1996 |
|---|---|---|
| $000 | $000 |
SHAREHOLDERS' FUNDS
Share Capital | (5) | 13,514 | 13,514 |
Share Premium Reserve | (6) | 15,797 | 15,797 |
Retained Earnings | | 1,520 | 491 |
TOTAL SHAREHOLDERS' FUNDS | | 30,831 | 29,802 |
CURRENT ASSETS
Cash | | - | 1,960 |
Accounts Receivable | (7) | 3,104 | 2,706 |
Inventories | | 19 | 44 |
TOTAL CURRENT ASSETS | | 3,123 | 4,710 |
CURRENT LIABILITIES
Bank Overdraft and Short Term Loan | | 4,380 | - |
Accounts Payable | (9) | 2,439 | 2,916 |
Provision for Replacement of Uneconomic Lines | (11) | 330 | 420 |
TOTAL CURRENT LIABILITIES | | 7,149 | 3,336 |
Working Capital | | (4,026)| 1,374 |
FIXED ASSETS
Distribution System Less Provision for Depreciation | (10) | 31,390 | 25,030 |
Land | | 871 | 683 |
Buildings Less Provision for Depreciation | | 1,847 | 1,776 |
Plant and Equipment Less Provision for Depreciation | | 1,257 | 1,434 |
Motor Vehicles Less Provision for Depreciation | | 538 | 616 |
TOTAL FIXED ASSETS | | 35,903 | 29,539 |
TOTAL ASSETS LESS CURRENT LIABILITIES | | 31,877 | 30,913 |
LESS TERM LIABILITIES
Provision for Replacement of Uneconomic Lines | (11) | 208 | 487 |
LESS DEFERRED TAXATION | (4) | 838 | 624 |
NET ASSETS | | 30,831 | 29,802 |
These financial statements are to be read in conjunction with the notes on pages 3 to 6 and the Auditors' Report on page 1.
Counties Power Limited and Subsidiary
Parent and Consolidated
STATEMENT OF FINANCIAL PERFORMANCE - OTHER BUSINESS
For the Year Ended 31 March 1997
| Notes | 31 March 1997 | 31 March 1996 |
|---|---|---|
| $000 | $000 |
OPERATING REVENUE | (2) | 21,674 | 21,092 |
OPERATING SURPLUS BEFORE TAXATION |
| (3) | 580 | 528 |
Taxation Expense | (4) | 191 | 174 |
NET PROFIT AFTER TAXATION | | 389 | 354 |
Parent and Consolidated
STATEMENT OF MOVEMENTS IN EQUITY - OTHER BUSINESS
For the Year Ended 31 March 1997
| Notes | 31 March 1997 | 31 March 1996 |
|---|---|---|
| $000 | $000 |
EQUITY AT BEGINNING OF YEAR | | 2,101 | 1,747 |
NET PROFIT FOR YEAR | | 389 | 354 |
EQUITY AT END OF YEAR | | 2,490 | 2,101 |
These financial statements are to be read in conjunction with the notes on pages 3 to 6 and the Auditors' Report on page 1.
Counties Power Limited and Subsidiary
Parent and Consolidated
STATEMENT OF FINANCIAL POSITION - OTHER BUSINESS
As at 31 March 1997
| Notes | 31 March 1997 | 31 March 1996 |
|---|---|---|
| $000 | $000 |
SHAREHOLDERS' FUNDS
Share Capital | (5) | 1,486 | 1,486 |
Retained Earnings | | 1,004 | 615 |
TOTAL SHAREHOLDERS' FUNDS | | 2,490 | 2,101 |
CURRENT ASSETS
Cash | | 892 | 250 |
Accounts Receivable | (7) | 2,722 | 2,947 |
Inventories | (8) | 287 | 296 |
TOTAL CURRENT ASSETS | | 3,901 | 3,493 |
CURRENT LIABILITIES
Accounts Payable | (9) | 2,040 | 1,974 |
TOTAL CURRENT LIABILITIES | | 2,040 | 1,974 |
Working Capital | | 1,861 | 1,519 |
FIXED ASSETS
Plant and Equipment Less Provision for Depreciation | | 166 | 152 |
Motor Vehicles Less Provision for Depreciation | | 463 | 430 |
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NZ Gazette 1997, No 80
✨ LLM interpretation of page content
🌾
Certification of Financial Statements and Performance Measures for Counties Power Limited
(continued from previous page)
🌾 Primary Industries & Resources25 June 1997
Electricity, Information Disclosure, Financial Statements, Performance Measures, Counties Power Limited