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New Zealand Gazette – 1998 – No. 141

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✨ Financial Statements

Wairoa Power Limited - Other Businesses

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1998 continued

8. INVESTMENTS

Investments are stated at cost and comprise:

	1998	1997
Investments in Companies (unquoted)	44,669	50,770
Sinking Fund Deposits	40,547	34,600
Other Deposits	3,669	4,355
Local Authority Stock	100,525	100,876
	189,410	190,601
===============================	==========	==========

Sinking Funds:

Deposits are lodged with the Public Trust Office and National Provident Fund. Interest received on these funds is currently 11.7%.

9. RECEIVABLES AND PREPAYMENTS

	1998	1997
Trade debtors	-	-
Other receivables	397,290	379,829
	397,290	379,829
==================	=========	=========

10. INVENTORIES

	1998	1997
Showroom Inventory	69,693	81,341
Appliance Servicing Inventory	65,152	80,052
	134,845	161,393
================================	=========	=========

Wairoa Power Limited - Other Businesses

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1998 continued

11. CONTINGENT LIABILITIES

	1998	1997
Guarantee of bank overdraft facility for Energy Brokers New Zealand Limited to a limit of	2,000,000	2,000,000

At balance date the amount of the bank overdraft so guaranteed was...

| | 3,017 | - |
|====================================|============|============|

12. COMMITMENTS

Capital Commitments

Estimated capital expenditure contracted for at balance date but not provided for...

	1998	1997
	-	-

Operating Lease commitments

The company has no non-cancellable operating leases.

THE NEW ZEALAND GAZETTE

No. 141

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VUW Te Waharoa — NZ Gazette 1998, No 141

NZLII — NZ Gazette 1998, No 141

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Financial Position of Wairoa Power Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Investments, Receivables, Inventories, Contingent Liabilities, Commitments, Wairoa Power Limited

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