✨ Financial Statements
5 AUGUST
NEW ZEALAND GAZETTE
2593
WAIPA POWER LIMITED - OTHER BUSINESS
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 1998
| Note | 1998 $ | 1997 $ | |
|---|---|---|---|
| EQUITY | |||
| Authorised and paid up capital | 4 | 2,000,000 | 2,000,000 |
| Reserves | 5 | 1,000,000 | 1,000,000 |
| Retained earnings | - | - | |
| TOTAL EQUITY | 3,000,000 | 3,000,000 |
Represented By:
CURRENT ASSETS
| 1998 $ | 1997 $ | ||
|---|---|---|---|
| Cash and Bank | 51,985 | 147,384 | |
| Short term investments | 850,000 | 600,000 | |
| Receivables and prepayments | 7 | 1,394,385 | 1,625,246 |
| Tax refund due | - | 9,359 | |
| Inventories | 8 | 354,929 | 387,646 |
| Total Current Assets | 2,651,299 | 2,769,635 |
CURRENT LIABILITIES
| 1998 $ | 1997 $ | ||
|---|---|---|---|
| Accounts payable and accruals - trade | 9 | 1,710,699 | 1,420,984 |
| Provision for dividend | 323,255 | 823,859 | |
| Taxation payable | 11,721 | - | |
| Total Current Liabilities | 2,045,675 | 2,244,843 |
WORKING CAPITAL | | 605,624 | 524,792 |
NON - CURRENT ASSETS
| 1998 $ | 1997 $ | ||
|---|---|---|---|
| Fixed assets | 10 | 2,394,376 | 2,475,208 |
NET ASSETS | | 3,000,000 | 3,000,000 |
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
✨ LLM interpretation of page content
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Financial Performance of Waipa Power Limited
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🏭 Trade, Customs & IndustryFinancial Statements, Revenue, Surplus, Equity, Dividend, Waipa Power Limited
- D M Reed (Director), Signed financial statements
- G M Kirby (Director), Signed financial statements