New Zealand Gazette – 1997 – No. 94

Page 2222

✨ Horowhenua Energy Limited Annual Report

NEW ZEALAND GAZETTE

No. 94

Horowhenua Energy Limited Line and Energy Businesses - Annual Report 1997

2. Dividends

	Line		Energy
	1997	1996	1997	1996
	$000	$000	$000	$000
Proposed Dividends	216	93	-	-

3. Accounts payable

and accruals

	Line		Energy
	1997	1996	1997	1996
	$000	$000	$000	$000
TransPower, ECNZ, PowerBuy	487	1,189	1,332	1,518
Other Trade Creditors	1,829	2,698	-	-
Inter-Company payables	1,152	422	-	-
Accruals and provisions	3,566	1,301	-	-
Electricity deposits	150	154	-	-
	7,184	5,764	1,332	1,518

4. Deferred maintenance

	Line
	1997	1996
	$000	$000
Balance of the provision at the beginning of year	1,610	2,000
Less expenditure during the year	586	390
	1,024	1,610
Less current portion of deferred maintenance	411	441
Balance of the provision at the end of the year	613	1,169

Deferred maintenance is the amount of expenditure required to bring the infrastructure asset up to its required level of service potential.

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VUW Te Waharoa — NZ Gazette 1997, No 94

NZLII — NZ Gazette 1997, No 94

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✨ LLM interpretation of page content

🏭 Electricity Information Disclosure for Horowhenua Energy Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated30 May 1997
KeywordsElectricity, Information Disclosure, Horowhenua Energy Limited, Financial Statements, Performance Measures, Valuation, Audit

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