✨ Financial Statements
12 AUGUST
NEW ZEALAND GAZETTE
2079
HAWKE'S BAY POWER DISTRIBUTION LIMITED AND SUBSIDIARY
STATEMENT OF FINANCIAL POSITION
As at 31 March 1997
| Notes | Lines Business | Other Business | |||
|---|---|---|---|---|---|
| 1997 | 1996 | 1997 | 1996 | ||
| $'000 | $'000 | $'000 | $'000 |
EQUITY
-
Share Capital | | 58,000 | 58,000 | 6,000 | 6,000 |
-
Share Premium Reserve| | 2,661 | 2,661 | - | - |
-
Retained Earnings | | (851) | (3,398) | 5,694 | 3,010 |
Total Equity | | 59,810 | 57,263 | 11,694 | 9,010 |
Represented by:
NON CURRENT ASSETS
-
Fixed Assets | 10 | 63,048 | 62,483 | 723 | 235 |
-
Deferred Taxation Benefits | 3 | - | 466 | 13 | 7 |
-
Inter Company Advance | | - | - | 3,000 | 3,000 |
-
Investment In Associate | | - | - | 131 | - |
-
Other Investments | | 3 | 6 | 41 | - |
Total Non Current Assets | | 63,051 | 62,955 | 3,908 | 3,242 |
CURRENT ASSETS
-
Cash | | (78) | (663) | 4,197 | 2,903 |
-
Receivables and Prepayments | 7 | 3,822 | 3,528 | 6,873 | 5,628 |
-
Inventories | | 1,790 | 1,720 | 1,131 | 983 |
-
Taxation Refund Due| | - | - | - | 10 |
-
Work in Progress | | 246 | 152 | - | 105 |
Total Current Assets | | 5,780 | 4,737 | 12,201 | 9,629 |
TOTAL ASSETS
Total Assets | | 68,831 | 67,692 | 16,109 | 12,871 |
NON CURRENT LIABILITIES
-
Term Debt | 8 | 1,000 | 4,100 | - | - |
-
Inter Company Advance | | 3,000 | 3,000 | - | - |
-
Deferred Taxation Liabilities | 3 | 1,151 | 527 | - | - |
Total Non Current Liabilities | | 5,151 | 7,627 | - | - |
CURRENT LIABILITIES
-
Accounts Payable and Accruals | | 2,516 | 2,003 | 4,012 | 3,796 |
-
Taxation Payable | 3 | 597 | 122 | 326 | - |
-
Current Portion of Term Debt | 8 | 100 | - | - | - |
-
Accrued Leave | | 657 | 677 | 77 | 65 |
Total Current Liabilities | | 3,870 | 2,802 | 4,415 | 3,861 |
TOTAL LIABILITIES
Total Liabilities | | 9,021 | 10,429 | 4,415 | 3,861 |
NET ASSETS EMPLOYED
Net Assets Employed | | 59,810 | 57,263 | 11,694 | 9,010 |
The accompanying Statement of Accounting Policies and Notes form part of and are to be read in conjunction with these Financial Statements. The Financial Statements have been prepared solely for the purpose of complying with regulations 6(2) and 6(3) of the Electricity (Information Disclosure) Regulation 1994 and are not intended for any other purpose.
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VUW Te Waharoa —
NZ Gazette 1997, No 87
NZLII —
NZ Gazette 1997, No 87
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Certification of Financial Statements and Performance Measures
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🏭 Trade, Customs & Industry18 July 1997
Financial Statements, Performance Measures, Electricity, Hawke's Bay Power Distribution Limited