New Zealand Gazette – 1998 – No. 141

Page 3435

✨ Financial Statements



Wairoa Power Limited - Lines Business

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1998 continued

DEFERRED TAX ASSET

1998 1997
Balance as at 31 March 1997 19,656
Depreciation Movement for current year (4,497) (4,377)
Balance as at 31 March 1998 15,279 15,279
========= =========
  1. DIVIDENDS AND BONUS ISSUES

Proposed distributions:

Proposed dividend | 270,877 | 258,207 |
|=========|=========|

  1. ACCOUNTS PAYABLE AND ACCRUALS
1998 1997
Accounts Payable Trade 184,532 105,531
Accounts Payable Other 122,864 201,107
Customer Deposits 37,600 31,967
Accrued Expenses 267,073 278,674
612,069 617,279
========= =========
  1. RECEIVABLES AND PREPAYMENTS
1998 1997
Trade Debtors 659,073 653,016
Other Receivables 4,342 120,858
Prepayments 773,874
663,415
========= =========
  1. INVENTORIES
1998 1997
Line & General Inventories 231,651 258,756
========= =========

Wairoa Power Limited - Lines Business

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1998 continued

  1. FIXED ASSETS
1998 1997
Freehold Land
(at valuation) 79,600 79,600
Freehold Buildings
(at valuation) 480,675 480,675
Accumulated Depreciation (57,006) (39,481)
423,669 441,194
Distribution lines
(at cost) 5,541,315 5,356,051
Accumulated Depreciation (2,334,105) (2,111,563)
3,207,210 3,244,488
Other Plant and Equipment
(at cost) 993,485 868,264
Accumulated Depreciation (522,637) (497,702)
470,848 370,562
Total Fixed Assets 4,181,327 4,135,844
=========== ===========

Valuation:

Revalued freehold land & buildings are stated at net current value as determined by an independent registered valuer C W Nyberg ANZIV, of the firm Darroch & Co Ltd, as at 31 March 1996.

  1. CONTINGENT LIABILITIES

The Business has no contingent liabilities.

11 SEPTEMBER

THE NEW ZEALAND GAZETTE



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1998, No 141


NZLII — PDF NZ Gazette 1998, No 141




✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Financial Statements, Performance, Equity, Assets, Liabilities, Wairoa Power Limited
  • C W Nyberg (ANZIV), Independent registered valuer