✨ Financial Statements
20 AUGUST
NEW ZEALAND GAZETTE
WEL ENERGY GROUP LIMITED
2267
Line Business
| 1997 ($000s) | 1996 ($000s) | |
|---|---|---|
| Shareholders Funds | ||
| Capital Reserve | 39,903 | 39,903 |
| Asset Revaluation Reserve | 63,835 | 63,835 |
| Retained Earnings | 9,419 | 6,271 |
| Share of Associates Retained Earnings | - | - |
| Energy Trading Price Reserve | - | - |
| Total | 113,157 | 110,009 |
Asset Revaluation Reserve
- Balance at the beginning of the year | 63,835 | 30,345
- Asset revaluations | - | 33,490
Balance at the end of the year | 63,835 | 63,835
Retained Earnings
- Balance at the beginning of the year | 6,271 | 2,440
- Net surplus after tax of the year | 10,921 | 9,772
- Dividends | (7,773)| (5,941)
- Transfer to Energy Trading Price Reserve | - | -
Balance at the end of the year | 9,419 | 6,271
Energy Business
| 1997 ($000s) | 1996 ($000s) | |
|---|---|---|
| Shareholders Funds | ||
| Capital Reserve | 581 | 582 |
| Asset Revaluation Reserve | 12 | 11 |
| Retained Earnings | 152 | 1,257 |
| Share of Associates Retained Earnings | 144 | - |
| Energy Trading Price Reserve | 1,826 | - |
| Total | 2,715 | 1,850 |
Asset Revaluation Reserve
- Balance at the beginning of the year | 11 | -
- Asset revaluations | - | 11
Balance at the end of the year | 11 | 11
Retained Earnings
- Balance at the beginning of the year | 1,257 | 167
- Net surplus after tax of the year | 2,499 | 2,780
- Dividends | (1,778)| (1,690)
- Transfer to Energy Trading Price Reserve | (1,826)| -
Balance at the end of the year | 152 | 1,257
Share of Associates Retained Earnings
- Balance at the beginning of the year | - | -
- Net surplus after tax of the year | 144 | -
Balance at the end of the year | 144 | -
Energy Trading Price Reserve
- Balance at the beginning of the year | - | -
- Transfer from retained Earnings | 1,826 | -
Balance at the end of the year | 1,826 | -
Current assets
Line Business
| 1997 ($000s) | 1996 ($000s) | |
|---|---|---|
| Trade debtors | 4,611 | 4,340 |
| Due from WEL Energy Group | 1,332 | - |
| Other Assets | 1,222 | 2,203 |
| Tax Recoverable | 726 | - |
| Total | 7,891 | 6,543 |
Energy Business
| 1997 ($000s) | 1996 ($000s) | |
|---|---|---|
| Trade debtors | 4,395 | 4,147 |
| Due from WEL Energy Group | 338 | 777 |
| Tax Recoverable | 131 | - |
| Total | 4,864 | 4,924 |
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VUW Te Waharoa —
NZ Gazette 1997, No 97
NZLII —
NZ Gazette 1997, No 97
✨ LLM interpretation of page content
🏭
Statement of Accounting Policies for WEL Energy Group Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Electricity, WEL Energy Group, Shareholders Funds, Asset Revaluation, Retained Earnings, Energy Trading Price Reserve