✨ Financial Statements




3554 NEW ZEALAND GAZETTE No. 147

TASMAN ENERGY LIMITED

LINE & OTHER BUSINESSES FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS

Line Business Other Business
1998 1997 1998 1997
$000 $000 $000 $000

9. CREDITORS AND ACCRUALS

Trade creditors | 2,255 | 2,568 | 3,702 | 3,950 |
TransPower payments withheld | 22 | 0 | 2,685 | 0 | 0 |
Leave provisions | 311 | 473 | 500 | 556 |
Restructuring provisions | 930 | 177 | 126 | 136 |
Interest restructuring provisions | 1 | 134 | 0 | 0 |
Sales discount provision | 3,882 | 2,742 | 0 | 0 |
Dividend provision | 100 | 100 | 0 | 0 |
Sundry provisions | 153 | 55 | 95 | 266 |
| 7,654 | 8,934 | 4,423 | 4,908 |

10. FIXED ASSETS

Land (at valuation)
| 1,765 | 1,743 | 0 | 0 |

Buildings (at valuation)
| 5,681 | 5,766 | 0 | 0 |
Accumulated depreciation | 789 | 688 | 0 | 0 |
| 4,892 | 5,078 | 0 | 0 |

Distribution system (at valuation)
| 76,512 | 73,695 | 0 | 0 |
Accumulated depreciation | 2,444 | 0 | 0 | 0 |
| 74,068 | 73,695 | 0 | 0 |

Plant and equipment
| 1,356 | 1,112 | 1,024 | 1,115 |
Accumulated depreciation | 704 | 624 | 546 | 487 |
| 652 | 488 | 478 | 628 |

Computer equipment (at cost)
| 1,700 | 1,584 | 182 | 157 |
Accumulated depreciation | 1,274 | 1,011 | 110 | 82 |
| 426 | 573 | 72 | 75 |

Motor vehicles (at cost)
| 299 | 499 | 1,319 | 1,330 |
Accumulated depreciation | 142 | 182 | 400 | 370 |
| 157 | 317 | 919 | 960 |

Total Fixed Assets | 81,960 | 81,894 | 1,469 | 1,663 |



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🏭 Tasman Energy Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
11 August 1998
Financial Statements, Creditors, Fixed Assets, Land Valuation, Buildings, Distribution System, Plant and Equipment, Computer Equipment, Motor Vehicles