✨ Financial Statements




2580 No. 106

NEW ZEALAND GAZETTE

WAIPA POWER LIMITED - LINE BUSINESS

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 1998

Note 1998 1997
$ $

EQUITY

Authorised and paid up capital | 4 | 8,000,000 | 8,000,000 |
Reserves | 5 | 34,533,562 | 34,533,562 |
Retained earnings | 6 | 2,449,631 | 1,512,170 |

TOTAL EQUITY | | 44,983,193 | 44,045,732 |

Represented By:

CURRENT ASSETS

Cash and Bank | | 28,216 | 42,912 |
Short term investments | | 1,035,000 | 400,000 |
Receivables and prepayments | 7 | 870,426 | 1,125,560 |
Properties held for resale | | 14,005 | - |
Tax refund due | | 52,793 | 96,174 |
Stock | | 245,416 | 238,733 |

                    Total |      | 2,245,856  | 1,903,379  |

CURRENT LIABILITIES

Creditors | 8 | 2,064,271 | 1,574,962 |
Provisions for Dividend | | 590,764 | 899,803 |

                    Total |      | 2,655,035  | 2,474,765  |

WORKING CAPITAL | | (409,179) | (571,386) |

NON - CURRENT ASSETS

Fixed assets | 9 | 45,392,372 | 44,617,118 |

NET ASSETS | | 44,983,193 | 44,045,732 |

For and on behalf of the Board

Signature 1 Signature 2

D M Reed, Director G M Kirby, Director

The accompanying notes form part of and are to be read in conjunction with these financial statements.
The financial statements have been prepared for the purpose of complying with the requirements of the Electricity (Information Disclosure) Regulations 1994 and are not intended for any other purpose.



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🏭 Certification of Financial Statements and Performance Measures by Waipa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
23 June 1998
Financial Statements, Performance Measures, Electricity, Information Disclosure, Waipa Power Limited
  • D M Reed, Director
  • G M Kirby, Director