✨ Financial Statements




16 SEPTEMBER

NEW ZEALAND GAZETTE

BULLER ELECTRICITY LIMITED

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

Line Business Other Business
1998 1997 1998 1997
$ $ $ $
  1. Accounts Receivable

    Electricity | 234,686 | 285,744 | 377,150 | 322,222 |
    Provision for Doubtful Debts | (17,443) | (18,811) | (29,745) | (28,377) |
    Taxation Refund Due | 11,533 | 2,238 | 3,253 | 2,238 |
    Work in Progress | 42,022 | 0 | 2,400 | 12,649 |
    Other | (1,850) | 3,134 | 28,660 | 7,626 |
    Sundry Debtors - Current| - | 3,718 | 299,656 | 413,182 |

    • Non Current | - | - | 50,588 | 61,536 |
      | 268,948 | 276,023 | 731,962 | 791,076 |

  1. Accounts Payable

    Trade Creditors | 126,708 | 115,758 | 435,326 | 484,576 |
    Staff Entitlements | 51,761 | 81,021 | 107,642 | 77,987 |
    Other Accruals | 61,336 | 37,612 | 184,224 | 88,996 |
    Consumer Deposits | - | 26,384 | 60,053 | 29,751 |
    Provision for Dividend | 135,879 | 66,014 | 24,121 | 44,236 |
    Other | 3,343 | 7,494 | 24,081 | 37,434 |
    | 379,027 | 334,283 | 835,447 | 762,980 |


  1. Deferred Taxation

    Deferred Tax April 1 | (60,166) | (37,549) | 22,457 | 41,859 |
    Less/Plus Deferred Tax | (47,151) | (22,617) | 2,596 | (19,402) |
    | (107,317) | (60,166) | 25,053 | 22,457 |



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🏭 Buller Electricity Limited Financial Position Statement (continued from previous page)

🏭 Trade, Customs & Industry
21 August 1998
Financial Position, Shareholders Equity, Assets, Liabilities, Buller Electricity Limited