New Zealand Gazette – 1998 – No. 150

Page 3626

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 150

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

as at 31 March 1998

Note 1998 Total $000 1998 Line $000 1998 Energy $000 1997 Total $000 1997 Line $000 1997 Energy $000
CURRENT ASSETS
Cash 7,203 7,403 (200) 5,314 5,089 225
Receivables 6 4,167 1,822 2,345 4,474 2,014 2,460
Tax receivable 5 170 167 3 97 74 23
Inventories 7 998 598 400 1,230 835 395
Property intended for sale 157 0 157 0 0 0
TOTAL CURRENT ASSETS 12,695 9,990 2,705 11,115 8,012 3,103
NON-CURRENT ASSETS
Future tax benefit 5 496 496 0 544 544 0
Investments 8 26 0 26 13 0 13
Investments in associates 9 29 0 29 36 0 36
Fixed Assets 10 20,439 19,259 1,180 20,642 19,562 1,080
TOTAL NON-CURRENT ASSETS 20,990 19,755 1,235 21,235 20,106 1,129
TOTAL ASSETS 33,685 29,745 3,940 32,350 28,118 4,232
CURRENT LIABILITIES
Borrowings 11 24 17 7 14 7 7
Accounts payable 12 2,502 1,330 1,172 2,925 1,501 1,424
Provisions 13 632 480 152 692 (544) 148
TOTAL CURRENT LIABILITIES 3,158 1,827 1,331 3,631 2,052 1,579
NON-CURRENT LIABILITIES
Borrowings 11 47 27 20 71 43 28
Term liabilities - subordinated debt 10,000 10,000 0 10,000 10,000 0
TOTAL NON-CURRENT LIABILITIES 10,047 10,027 20 10,071 10,043 28
TOTAL LIABILITIES 13,205 11,854 1,351 13,702 12,095 1,607
NET ASSETS 20,480 17,891 2,589 18,648 16,023 2,625
SHAREHOLDERS EQUITY
Share capital 14 10,000 8,503 1,497 10,000 8,503 1,497
Reserves 14 2,245 1,746 499 2,390 1,882 508
Retained Earnings 15 8,235 7,642 593 6,258 5,638 620
TOTAL SHAREHOLDERS EQUITY 20,480 17,891 2,589 18,648 16,023 2,625

The accompanying notes are an integral part of these financial statements.



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

🏭 Trade, Customs & Industry
7 August 1998
Financial Statements, Electricity, Disclosure, Regulations, Eastland Energy