✨ Financial Statements




5 AUGUST

NEW ZEALAND GAZETTE

WAIPA POWER LIMITED - OTHER BUSINESS

1998 1997
$ $

5 RESERVES

Capitalisation of Assets Reserve

Balance at beginning of year
1,000,000
2,802,477

Distribution to Owners for Investing Activities

1,802,477

Balance at end of year
1,000,000
1,000,000

6 RETAINED EARNINGS

Balance at beginning of year

333,895

Net Surplus after Taxation
685,443
489,964

Dividend
685,443
823,859

Balance at end of year

7 RECEIVABLES

Trade debtors
1,412,815
1,643,764

Provision for Doubtful Debts
(39,594)
(39,594)

1,373,221
1,604,170

Accrued Income
176
734

Prepayments
20,988
20,342

1,394,385
1,625,246

8 INVENTORIES

Stock
245,415
241,485

Work in Progress
109,514
146,161

354,929
387,646

9 CREDITORS

Accounts payable and accruals - trade
1,582,619
1,314,003

Payroll Provisions (annual leave, holiday pay, etc)
128,080
106,981

1,710,699
1,420,984



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🏭 Notes to Financial Statements of Waipa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Reserves, Retained Earnings, Receivables, Inventories, Creditors, Waipa Power Limited