✨ Financial Statement




19 AUGUST NEW ZEALAND GAZETTE 2249

BULLER ELECTRICITY LIMITED

STATEMENT OF FINANCIAL POSITION AS AT MARCH 31 1997

Line Operator Energy Trading
1997 1996 1997 1996
$ $ $ $

Shareholders Equity

Share Capital | 5,067,798 | 5,067,798 | 1,182,202 | 1,182,202 |
Reserves | 306,857 | 260,261 | 138,279 | 144,644 |
Retained Earnings | 492,798 | 324,857 | 221,554 | 104,211 |
| 5,867,463 | 5,652,916 | 1,542,035 | 1,431,057 |

Assets

Current Assets
Cash | (86,926) | 35,783 | 125,056 | 36,007 |
Accounts Receivable| 276,023 | 227,480 (1) | 791,076 | 781,977 |
Inventories | 352,101 | 327,988 | 229,958 | 270,239 |
Short Term Deposits| - | 500,000 | 560,250 | 320,000 |
| 541,198 | 1,091,251 | 1,706,340 | 1,408,223 |

Non Current Assets
Long Term Investments| 107,748 | - | - | - |
Fixed Assets | 5,612,966 | 5,302,208 (4) | 575,472 | 594,003 |
Investments in Associate Companies| - | - | 746 | 1,581 |
Deferred Taxation | (60,166) | (37,549) (3) | 22,457 | 41,859 |
| 5,660,548 | 5,264,659 | 598,675 | 637,443 |

Total Assets | 6,201,746 | 6,355,910 | 2,305,015 | 2,045,666 |

Liabilities

Current Liabilities
Accounts Payable | 334,283 | 702,994 (2) | 762,980 | 614,609 |

Non Current Liabilities
Loan Finance | - | - | - | - |
|
Total Liabilities | 334,283 | 702,994 | 762,980 | 614,609 |

Net Assets | 5,867,463 | 5,652,916 | 1,542,035 | 1,431,057 |

For and on Behalf of the Board

Directors:

P Roselli

H T McNabb

Dated



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

🏭 Trade, Customs & Industry
19 August 1997
Financial Performance, Electricity, Revenue, Expenses, Surplus, Taxation, Buller Electricity Limited
  • P Roselli
  • H T McNabb