β¨ 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

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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VUW Te Waharoa —
NZ Gazette 1998, No 106
NZLII —
NZ Gazette 1998, No 106
β¨ LLM interpretation of page content
π
Certification of Financial Statements and Performance Measures by Waipa Power Limited
(continued from previous page)
π Trade, Customs & Industry23 June 1998
Financial Statements, Performance Measures, Electricity, Information Disclosure, Waipa Power Limited
- D M Reed, Director
- G M Kirby, Director