New Zealand Gazette – 1998 – No. 151

Page 3647

✨ Financial Statements

POWERCO LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 1998

	Notes	31 March 1998			31 March 1997
		Electricity Line	Electricity Energy	Electricity Generation	Other	Electricity Line	Electricity Energy
		$000	$000	$000	$000	$000	$000

EQUITY

| Share capital | 2 | 80,778 | 8,619 | 13,487 | 19,192 | 60,034 | 5,513 | 31,022 |
| Reserves | 3 | - | - | - | - | 23,173 | 2,333 | - |
| Asset Revaluation Reserves | 4 | 75,492 | - | 8,987 | 9,262 | 49,629 | - | 18,781 |
| Retained earnings | | 9,977 | 1,196 | 955 | 464 | 8,184 | 1,941 | (321) |
| | | 166,247 | 9,815 | 23,429 | 28,918| 141,020 | 9,787 | 49,482|

NON CURRENT LIABILITIES

| Term advances facility | 5 | 19,497 | (6,097) | 1,065 | (10,165) | - | - | 18,241 |
| Commercial Paper | 6 | 86,325 | - | - | 11,544 | - | - | - |
| Deferred taxation | | 16,264 | - | 2,331 | 1,558 | 11,413 | - | 4,320 |
| | | 122,086 | (6,097) | 3,396 | 2,937 | 11,413 | - | 22,561|

CURRENT LIABILITIES

| Overdraft | | 293 | 117 | 67 | 57 | - | - | - |
| Accounts payable | | 6,140 | 6,202 | 1,790 | 1,704 | 3,074 | 5,356 | 1,714 |
| Provision for dividend | | 6,186 | 375 | 1,725 | 3,181 | 6,593 | 722 | 504 |
| Provision for employee entitlements | | 1,653 | 28 | 148 | 173 | 1,519 | 25 | 407 |
| | | 14,272 | 6,722 | 1,940 | 5,201 | 11,186 | 6,103 | 2,625 |

TOTAL EQUITY AND LIABILITIES

| | | $302,605 | $10,440 | $28,765 | $37,056 | $163,619 | $15,890 | $74,668|

NON CURRENT ASSETS

| Fixed assets | 7 | 219,168 | - | 83,448 | 29,308 | 144,577 | 2,650 | 54,882 |
| Current account | | 50,778 | - | (54,683) | 3,905 | - | - | - |
| Goodwill on consolidation | | 21,309 | - | - | - | - | - | - |
| Investments in associates | | - | - | 399 | - | 242 | - | 15,237 |
| Other investments | | - | - | 205 | - | - | - | - |
| | | 291,255 | - | 28,765 | 33,817 | 144,577 | 2,892 | 70,119|

CURRENT ASSETS

| Cash | | - | - | - | - | 8,483 | 5,335 | 865 |
| Receivables and prepayments | | 9,903 | 10,001 | - | 2,884 | 8,801 | 7,660 | 3,269 |
| Tax receivable | | 434 | 439 | - | 127 | 22 | 3 | 2 |
| Inventories | | 1,013 | - | - | 228 | 1,736 | - | 413 |
| | | 11,350 | 10,440 | - | 3,239 | 19,042 | 12,998 | 4,549 |

TOTAL ASSETS

| | | $302,605 | $10,440 | $28,765 | $37,056 | $163,619 | $15,890 | $74,668|

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VUW Te Waharoa — NZ Gazette 1998, No 151

NZLII — NZ Gazette 1998, No 151

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Powerco Limited Financial Statements Certification (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated11 May 1998
KeywordsPowerco Limited, Financial Statements, Electricity, Information Disclosure, Certification

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