New Zealand Gazette – 1998 – No. 123

Page 2955

✨ Financial Statement

KING COUNTRY ENERGY LIMITED AND SUBSIDIARY

STATEMENT OF FINANCIAL POSITION PREPARED IN ACCORDANCE WITH

THE ELECTRICITY INFORMATION DISCLOSURE REGULATIONS 1994

AS AT 31 MARCH 1998

Note	Lines Business 1997/1998	Energy Business 1997/1998	Generation Business 1997/1998	Lines Business 1996/1997	Energy Business 1996/1997	Lines Business 1995/1996	Energy Business 1995/1996

Shareholders Equity:

| | | | | | | | |
| Share Capital | 6 | 12,426,810 | 1,495,564 | 1,664,274 | 12,426,811 | 3,159,838 | 11,963,189 | 3,036,811 |
| Reserves | 7 | 131,577 | - | 61,316 | 37,519 | 61,316 | 505,065 | 148,776 |
| Retained Earnings | 7 | 1,912,070 | (1,019,815) | 575,667 | 1,285,245 | 54,464 | 578,103 | 931,668 |
| Total Equity | | 14,470,457 | 475,749 | 2,301,257 | 13,749,575 | 3,275,618 | 13,046,357 | 4,117,255 |

Represented by:

Current Assets:

| | | | | | | | |
| Cash & Bank Balances | | 3,211,126 | 519,063 | 186,586 | 2,616,232 | 1,217,708 | 2,166,750 | 1,781,328 |
| Receivables | 8 | 586,789 | 668,310 | 707,097 | 696,283 | 793,563 | 640,969 | 789,876 |
| Inventories | 9 | 529,572 | 5,178 | - | 593,643 | 9,155 | 461,359 | 17,217 |
| Income Tax Receivable | | 62,922 | (157,888) | 432,648 | 63,828 | (6,003) | 50,781 | 14,323 |
| Total Current Assets | | 4,390,409 | 1,034,663 | 1,326,331 | 3,969,986 | 2,014,423 | 3,319,859 | 2,602,744 |

Non Current Assets:

| | | | | | | | |
| Fixed Assets | 11 | 11,026,240 | 181,450 | 22,915,093 | 10,825,373 | 1,897,791 | 10,641,806 | 1,501,931 |
| Investments | 10 | 27,030 | 6,757 | - | 36,365 | - | 85,112 | - |
| Development Assets | 12 | - | - | 268,173 | - | 133,959 | - | 857,439 |
| Future Income Tax Benefit | 4 | 108,607 | 16,821 | (62,636) | 107,302 | 17,504 | 152,397 | 26,299 |
| Total Non Current Assets | | 11,161,877 | 205,028 | 23,120,630 | 10,969,040 | 2,049,254 | 10,879,315 | 2,385,669 |

| Total Assets | | 15,552,286 | 1,239,691 | 24,446,961 | 14,939,026 | 4,063,677 | 14,199,174 | 4,988,413 |

Current Liabilities:

| | | | | | | | |
| Trade and Other Creditors | | (534,731) | (638,059) | (686,173) | (698,195) | (551,618) | (724,129) | (542,817) |
| Customer Credit Balances | | (54,225) | (82,618) | - | (6,545) | (187,074) | - | (256,795) |
| Provision for Holiday Pay | | (138,444) | (20,563) | (22,043) | (129,086) | (27,886) | (128,708) | (33,971) |
| Proposed Dividend | | (50,000) | - | - | (80,000) | - | (62,549) | (17,451) |
| Total Current Liabilities | | (777,400) | (741,240) | (708,216) | (913,826) | (766,578) | (915,386) | (851,034) |

NEW ZEALAND GAZETTE

25 AUGUST

2955

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VUW Te Waharoa — NZ Gazette 1998, No 123

NZLII — NZ Gazette 1998, No 123

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✨ LLM interpretation of page content

🏭 King Country Energy Limited Information Disclosure (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated6 August 1998
KeywordsElectricity, Information Disclosure, Regulations, King Country Energy Limited, ODV Valuation

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